Sodastream International (SODA) Sets New 1-Year High Following Earnings Beat
Sodastream International Ltd (NASDAQ:SODA) shares hit a new 52-week high during trading on Wednesday following a better than expected earnings announcement. The stock traded as high as $82.11 and last traded at $78.61, with a volume of 466900 shares traded. The stock had previously closed at $78.61.
The company reported $1.13 earnings per share for the quarter, beating the consensus estimate of $0.78 by $0.35. The business had revenue of $157.66 million for the quarter, compared to the consensus estimate of $151.57 million. Sodastream International had a return on equity of 15.17% and a net margin of 12.47%. The business’s quarterly revenue was up 19.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.71 earnings per share.
Several equities analysts have recently weighed in on SODA shares. Jefferies Group set a $60.00 target price on Sodastream International and gave the company a “hold” rating in a research report on Monday, October 30th. Susquehanna Bancshares set a $92.00 target price on Sodastream International and gave the company a “buy” rating in a research report on Wednesday, November 1st. ValuEngine downgraded Sodastream International from a “buy” rating to a “hold” rating in a research report on Friday, December 1st. Zacks Investment Research upgraded Sodastream International from a “hold” rating to a “buy” rating and set a $74.00 target price on the stock in a research report on Tuesday, November 7th. Finally, BidaskClub upgraded Sodastream International from a “buy” rating to a “strong-buy” rating in a research report on Saturday, February 3rd. Three equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $76.00.
The firm has a market capitalization of $1,699.56, a PE ratio of 27.30 and a beta of 1.25.
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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