SodaStream International Ltd. to Post FY2016 Earnings of $1.16 Per Share, Jefferies Group Forecasts (SODA)
SodaStream International Ltd. (NASDAQ:SODA) – Jefferies Group lifted their FY2016 EPS estimates for SodaStream International in a research report issued on Tuesday. Jefferies Group analyst A. Jagdale now anticipates that the firm will earn $1.16 per share for the year, up from their previous estimate of $1.15. Jefferies Group has a “Hold” rating and a $26.00 price target 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.
SodaStream International (NASDAQ:SODA) last announced its quarterly earnings results on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, beating the Zacks’ consensus estimate of $0.21 by $0.16. SodaStream International had a return on equity of 6.91% and a net margin of 4.28%. The company earned $119.20 million during the quarter, compared to analysts’ expectations of $105.72 million. During the same period in the prior year, the company earned $0.17 EPS. SodaStream International’s revenue was up 19.4% compared to the same quarter last year.
A number of other equities research analysts have also recently issued reports on the stock. Susquehanna reissued a “hold” rating and set a $20.00 target price on shares of SodaStream International in a report on Sunday, July 3rd. Zacks Investment Research raised shares of SodaStream International from a “hold” rating to a “strong-buy” rating and set a $32.00 target price on the stock in a report on Friday, August 5th. Finally, Roth Capital cut shares of SodaStream International from a “buy” rating to a “neutral” rating and boosted their target price for the company from $22.00 to $33.00 in a report on Wednesday, August 3rd. Six research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $24.14.
SodaStream International (NASDAQ:SODA) opened at 24.59 on Thursday. SodaStream International has a 52 week low of $11.66 and a 52 week high of $30.70. The company has a market capitalization of $519.73 million, a PE ratio of 27.32 and a beta of 1.03. The stock has a 50 day moving average price of $26.67 and a 200-day moving average price of $22.16.
Hedge funds and other institutional investors have recently made changes to their positions in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of SodaStream International during the second quarter valued at about $249,000. Acrospire Investment Management LLC bought a new position in shares of SodaStream International during the second quarter valued at about $180,000. JPMorgan Chase & Co. bought a new position in shares of SodaStream International during the second quarter valued at about $175,000. California Public Employees Retirement System raised its position in shares of SodaStream International by 11.3% in the second quarter. California Public Employees Retirement System now owns 41,400 shares of the company’s stock valued at $883,000 after buying an additional 4,200 shares during the period. Finally, Emerald Acquisition Ltd. bought a new position in shares of SodaStream International during the second quarter valued at about $4,964,000. Institutional investors own 38.94% of the company’s stock.
SodaStream International Company Profile
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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