SodaStream International Ltd. (NASDAQ:SODA) – Jefferies Group boosted their FY2017 earnings per share estimates for SodaStream International in a report issued on Tuesday. Jefferies Group analyst A. Jagdale now forecasts that the company will post earnings of $2.77 per share for the year, up from their prior forecast of $2.61. Jefferies Group currently has a “Hold” rating and a $55.00 price target on the stock. Jefferies Group also issued estimates for SodaStream International’s Q1 2018 earnings at $0.65 EPS, Q2 2018 earnings at $0.68 EPS, FY2018 earnings at $2.92 EPS, Q1 2019 earnings at $0.70 EPS, Q2 2019 earnings at $0.73 EPS and FY2019 earnings at $3.14 EPS.
Other analysts have also issued research reports about the stock. BidaskClub lowered shares of SodaStream International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. ValuEngine upgraded shares of SodaStream International from a “hold” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of SodaStream International from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research report on Saturday, May 13th. Susquehanna Bancshares Inc reiterated a “neutral” rating and set a $54.00 price target (down previously from $60.00) on shares of SodaStream International in a research report on Friday, May 12th. Finally, UBS AG upgraded shares of SodaStream International from a “neutral” rating to a “positive” rating in a research report on Thursday, August 3rd. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus price target of $60.75.
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SodaStream International (NASDAQ SODA) opened at 58.88 on Thursday. The company has a market cap of $1.28 billion, a PE ratio of 21.82 and a beta of 1.20. SodaStream International has a 1-year low of $23.77 and a 1-year high of $63.25. The stock has a 50 day moving average of $55.81 and a 200-day moving average of $51.66.
SodaStream International (NASDAQ:SODA) last posted its earnings results on Wednesday, August 2nd. The company reported $0.64 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.51 by $0.13. SodaStream International had a net margin of 11.89% and a return on equity of 14.86%. The company had revenue of $130.60 million during the quarter, compared to analysts’ expectations of $129.33 million. During the same quarter in the previous year, the company posted $0.37 earnings per share. SodaStream International’s quarterly revenue was up 9.6% compared to the same quarter last year.
A number of institutional investors have recently modified their holdings of SODA. Bank of America Corp DE increased its position in shares of SodaStream International by 105.6% in the first quarter. Bank of America Corp DE now owns 2,921 shares of the company’s stock valued at $142,000 after buying an additional 55,479 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank bought a new position in shares of SodaStream International during the first quarter valued at approximately $151,000. Caxton Associates LP bought a new position in shares of SodaStream International during the first quarter valued at approximately $243,000. Private Advisory Group LLC bought a new position in shares of SodaStream International during the first quarter valued at approximately $246,000. Finally, Segall Bryant & Hamill LLC bought a new position in shares of SodaStream International during the first quarter valued at approximately $262,000. 48.50% of the stock is owned by institutional investors and hedge funds.
SodaStream International Company Profile
SodaStream International Ltd. is a sparkling water company. The Company manufactures, distributes and sells home beverage carbonation systems, which enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The Company’s segments include The Americas, Western Europe, Asia-Pacific, and Central and Eastern Europe, Middle East and Africa (CEMEA).
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