SodaStream International Ltd. (SODA) Issues Quarterly Earnings Results
SodaStream International Ltd. (NASDAQ:SODA) released its quarterly earnings data on Wednesday. The company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.74 by $0.13, Briefing.com reports. The company had revenue of $139.80 million during the quarter, compared to analysts’ expectations of $135.43 million. SodaStream International had a net margin of 12.47% and a return on equity of 15.70%. The firm’s quarterly revenue was up 12.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. SodaStream International updated its FY17 guidance to +40% to $2.90 EPS.
A hedge fund recently raised its stake in SodaStream International stock. Vanguard Group Inc. grew its holdings in SodaStream International Ltd. (NASDAQ:SODA) by 7.4% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 6,128 shares of the company’s stock after purchasing an additional 421 shares during the quarter. Vanguard Group Inc.’s holdings in SodaStream International were worth $328,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 47.48% of the company’s stock.
Several equities research analysts have issued reports on the stock. Susquehanna Bancshares Inc set a $92.00 price objective on shares of SodaStream International and gave the company a “buy” rating in a research report on Wednesday. Jefferies Group LLC set a $60.00 price objective on shares of SodaStream International and gave the company a “hold” rating in a research report on Monday. Zacks Investment Research cut shares of SodaStream International from a “buy” rating to a “hold” rating in a research report on Wednesday, October 11th. ValuEngine cut shares of SodaStream International from a “buy” rating to a “hold” rating in a research report on Monday, October 2nd. Finally, BidaskClub raised shares of SodaStream International from a “hold” rating to a “buy” rating in a research report on Friday, August 25th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. SodaStream International has an average rating of “Buy” and a consensus target price of $65.25.
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About SodaStream International
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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