SodaStream International Ltd. (NASDAQ:SODA) – Research analysts at Jefferies Group boosted their FY2016 earnings per share (EPS) estimates for shares of SodaStream International in a note issued to investors on Tuesday. Jefferies Group analyst A. Jagdale now anticipates that the firm will post earnings of $1.16 per share for the year, up from their prior forecast of $1.15. Jefferies Group currently has a “Hold” rating and a $26.00 price objective on the stock. Jefferies Group also issued estimates for SodaStream International’s FY2017 earnings at $1.37 EPS and FY2018 earnings at $1.58 EPS.
SODA has been the subject of a number of other research reports. Zacks Investment Research raised shares of SodaStream International from a “hold” rating to a “strong-buy” rating and set a $32.00 target price for the company in a research report on Friday, August 5th. Roth Capital lowered shares of SodaStream International from a “buy” rating to a “neutral” rating and boosted their target price for the stock from $22.00 to $33.00 in a research report on Wednesday, August 3rd. Finally, Susquehanna reissued a “hold” rating and set a $30.00 target price on shares of SodaStream International in a research report on Friday, October 7th. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $24.14.
Shares of SodaStream International (NASDAQ:SODA) opened at 25.04 on Thursday. The stock’s 50 day moving average price is $26.79 and its 200-day moving average price is $22.08. The company has a market cap of $529.25 million, a PE ratio of 27.82 and a beta of 1.03. SodaStream International has a 12-month low of $11.66 and a 12-month high of $30.70.
SodaStream International (NASDAQ:SODA) last released its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.16. The company had revenue of $119.20 million for the quarter, compared to analysts’ expectations of $105.72 million. SodaStream International had a return on equity of 6.91% and a net margin of 4.28%. The business’s revenue for the quarter was up 19.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.17 earnings per share.
Hedge funds have recently bought and sold shares of the stock. BlackRock Institutional Trust Company N.A. boosted its stake in SodaStream International by 178.0% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 4,971 shares of the company’s stock worth $106,000 after buying an additional 3,183 shares during the last quarter. JPMorgan Chase & Co. acquired a new stake in SodaStream International during the second quarter worth $175,000. Acrospire Investment Management LLC acquired a new stake in SodaStream International during the second quarter worth $180,000. C M Bidwell & Associates Ltd. acquired a new stake in SodaStream International during the second quarter worth $187,000. Finally, Trexquant Investment LP acquired a new stake in SodaStream International during the second quarter worth $200,000. 38.94% of the stock is currently owned by institutional investors and hedge funds.
About SodaStream International
SodaStream International Ltd. (SodaStream) 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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