Equities research analysts forecast that Sodastream International Ltd (NASDAQ:SODA) will report sales of $170.77 million for the current fiscal quarter, Zacks Investment Research reports. Three analysts have issued estimates for Sodastream International’s earnings, with the lowest sales estimate coming in at $163.47 million and the highest estimate coming in at $175.85 million. Sodastream International posted sales of $139.78 million in the same quarter last year, which would indicate a positive year-over-year growth rate of 22.2%. The business is expected to report its next earnings report on Wednesday, November 7th.
On average, analysts expect that Sodastream International will report full year sales of $674.26 million for the current year, with estimates ranging from $667.26 million to $680.00 million. For the next financial year, analysts expect that the company will report sales of $732.63 million, with estimates ranging from $725.00 million to $738.25 million. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research firms that follow Sodastream International.
Sodastream International (NASDAQ:SODA) last released its quarterly earnings results on Wednesday, August 1st. The company reported $1.14 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.73 by $0.41. Sodastream International had a net margin of 14.69% and a return on equity of 17.48%. The business had revenue of $171.49 million for the quarter, compared to analyst estimates of $147.93 million. During the same period in the previous year, the company earned $0.64 earnings per share. The business’s revenue for the quarter was up 31.3% on a year-over-year basis.
Several equities research analysts have recently commented on SODA shares. BidaskClub upgraded shares of Sodastream International from a “buy” rating to a “strong-buy” rating in a research note on Thursday, July 12th. B. Riley downgraded shares of Sodastream International from a “buy” rating to a “hold” rating and boosted their target price for the company from $126.00 to $144.00 in a research report on Tuesday, August 21st. ValuEngine upgraded shares of Sodastream International from a “buy” rating to a “strong-buy” rating in a research report on Monday, August 20th. Zacks Investment Research downgraded shares of Sodastream International from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 10th. Finally, Susquehanna Bancshares boosted their target price on shares of Sodastream International from $118.00 to $147.00 and gave the company a “positive” rating in a research report on Thursday, August 2nd. Four equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. Sodastream International currently has an average rating of “Buy” and an average price target of $120.60.
NASDAQ SODA opened at $143.17 on Friday. Sodastream International has a 12-month low of $61.62 and a 12-month high of $143.47. The firm has a market capitalization of $3.25 billion, a price-to-earnings ratio of 43.52, a PEG ratio of 4.29 and a beta of 1.45.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Renaissance Technologies LLC lifted its position in Sodastream International by 7.3% during the second quarter. Renaissance Technologies LLC now owns 1,639,800 shares of the company’s stock valued at $139,875,000 after purchasing an additional 111,800 shares during the period. Acadian Asset Management LLC lifted its position in Sodastream International by 10.4% during the second quarter. Acadian Asset Management LLC now owns 844,953 shares of the company’s stock valued at $72,072,000 after purchasing an additional 79,625 shares during the period. Granahan Investment Management Inc. MA lifted its position in Sodastream International by 30.6% during the second quarter. Granahan Investment Management Inc. MA now owns 586,844 shares of the company’s stock valued at $50,058,000 after purchasing an additional 137,566 shares during the period. BlackRock Inc. lifted its position in Sodastream International by 18.6% during the second quarter. BlackRock Inc. now owns 392,487 shares of the company’s stock valued at $33,479,000 after purchasing an additional 61,633 shares during the period. Finally, Migdal Insurance & Financial Holdings Ltd. raised its position in shares of Sodastream International by 12.7% in the second quarter. Migdal Insurance & Financial Holdings Ltd. now owns 159,475 shares of the company’s stock worth $13,603,000 after acquiring an additional 17,975 shares during the period. Institutional investors own 59.23% of the company’s stock.
Sodastream International Company Profile
SodaStream International Ltd., together with its subsidiaries, manufactures, distributes, and sells home beverage carbonation systems. Its home beverage carbonation systems enable consumers to transform ordinary tap water into sparkling water and flavored sparkling water. The company offers sparkling water makers and exchangeable carbon-dioxide (CO2) cylinders, as well as consumables, including CO2 refills, reusable carbonation bottles, and flavors; and accessories for its products that are manufactured by third parties.
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