Wall Street brokerages expect Sodastream International Ltd (NASDAQ:SODA) to announce sales of $170.77 million for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for Sodastream International’s earnings. The highest sales estimate is $175.85 million and the lowest is $163.47 million. Sodastream International posted sales of $139.78 million during the same quarter last year, which suggests a positive year over year growth rate of 22.2%. The company is scheduled to issue its next quarterly earnings results on Wednesday, November 7th.
On average, analysts expect that Sodastream International will report full-year sales of $674.26 million for the current financial year, with estimates ranging from $667.26 million to $680.00 million. For the next fiscal year, analysts forecast that the business will report sales of $732.63 million, with estimates ranging from $725.00 million to $738.25 million. Zacks’ sales averages are an average based on a survey of sell-side research analysts that cover Sodastream International.
Sodastream International (NASDAQ:SODA) last posted its earnings results on Wednesday, August 1st. The company reported $1.14 EPS for the quarter, beating the Zacks’ consensus estimate of $0.73 by $0.41. Sodastream International had a net margin of 14.69% and a return on equity of 17.48%. The company had revenue of $171.49 million during the quarter, compared to analysts’ expectations of $147.93 million. During the same quarter in the prior year, the company posted $0.64 earnings per share. Sodastream International’s revenue for the quarter was up 31.3% compared to the same quarter last year.
SODA has been the subject of a number of analyst reports. ValuEngine raised shares of Sodastream International from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 20th. B. Riley cut shares of Sodastream International from a “buy” rating to a “hold” rating and increased their target price for the company from $126.00 to $144.00 in a research report on Tuesday, August 21st. BidaskClub raised shares of Sodastream International from a “buy” rating to a “strong-buy” rating in a research report on Friday. Susquehanna Bancshares increased their target price on shares of Sodastream International from $118.00 to $147.00 and gave the company a “positive” rating in a research report on Thursday, August 2nd. Finally, Zacks Investment Research raised shares of Sodastream International from a “sell” rating to a “hold” rating and set a $143.00 price target for the company in a report on Tuesday, August 7th. Four investment analysts have rated the stock with a hold rating, one has issued a buy rating and two have issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $120.60.
NASDAQ:SODA traded up $0.15 during midday trading on Tuesday, reaching $142.90. 184,800 shares of the stock traded hands, compared to its average volume of 381,035. Sodastream International has a 12-month low of $60.83 and a 12-month high of $143.30. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 43.41, a PEG ratio of 4.28 and a beta of 1.45.
Several hedge funds and other institutional investors have recently bought and sold shares of SODA. Wells Fargo & Company MN raised its holdings in shares of Sodastream International by 37.8% in the first quarter. Wells Fargo & Company MN now owns 28,264 shares of the company’s stock worth $2,595,000 after buying an additional 7,751 shares during the last quarter. Prudential Financial Inc. purchased a new position in shares of Sodastream International in the first quarter worth $505,000. Northern Trust Corp raised its holdings in shares of Sodastream International by 17.5% in the first quarter. Northern Trust Corp now owns 47,786 shares of the company’s stock worth $4,389,000 after buying an additional 7,128 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Sodastream International by 4.1% in the first quarter. BlackRock Inc. now owns 330,854 shares of the company’s stock worth $30,383,000 after buying an additional 13,147 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its holdings in shares of Sodastream International by 52.8% in the first quarter. JPMorgan Chase & Co. now owns 1,847 shares of the company’s stock worth $170,000 after buying an additional 638 shares during the last quarter. 59.28% of the stock is owned by institutional investors and hedge funds.
Sodastream International Company Profile
SodaStream International Ltd., together with its subsidiaries, manufactures, distributes, and sells home beverage carbonation systems. Its home beverage carbonation systems enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The company offers sparkling water makers and exchangeable carbon-dioxide (CO2) cylinders, as well as consumables, including CO2 refills, reusable carbonation bottles, and flavors; and accessories for its products that are manufactured by third parties.
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