Jefferies Group Comments on SodaStream International Ltd.’s FY2016 Earnings (SODA)
SodaStream International Ltd. (NASDAQ:SODA) – Jefferies Group raised 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 expects that the firm will post earnings per share of $1.16 for the year, up from their prior forecast of $1.15. Jefferies Group currently has a “Hold” rating and a $26.00 target price 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 reports. Susquehanna reaffirmed a “hold” rating on shares of SodaStream International in a research note on Monday, August 22nd. Zacks Investment Research lowered shares of SodaStream International from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, October 5th. Finally, Roth Capital downgraded shares of SodaStream International from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $22.00 to $33.00 in a research note on Wednesday, August 3rd. Seven equities research analysts have rated the stock with a hold rating, SodaStream International has an average rating of “Hold” and an average target price of $24.71.
SodaStream International (NASDAQ:SODA) traded down 1.74% during trading on Thursday, hitting $24.89. The stock had a trading volume of 41,914 shares. The company has a market capitalization of $526.08 million, a price-to-earnings ratio of 27.66 and a beta of 1.03. SodaStream International has a 12-month low of $11.66 and a 12-month high of $30.70. The stock has a 50 day moving average price of $26.90 and a 200 day moving average price of $22.06.
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SodaStream International (NASDAQ:SODA) last posted its quarterly earnings data on Tuesday, August 2nd. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.21 by $0.16. The business had revenue of $119.20 million for the quarter, compared to analyst estimates of $105.72 million. SodaStream International had a return on equity of 6.91% and a net margin of 4.28%. The firm’s revenue for the quarter was up 19.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.17 earnings per share.
A number of large investors have recently modified their holdings of the stock. BlackRock Institutional Trust Company N.A. increased its stake in shares of 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 valued at $106,000 after buying an additional 3,183 shares during the period. JPMorgan Chase & Co. purchased a new stake in shares of SodaStream International during the second quarter valued at about $175,000. Acrospire Investment Management LLC purchased a new stake in shares of SodaStream International during the second quarter valued at about $180,000. C M Bidwell & Associates Ltd. purchased a new stake in shares of SodaStream International during the second quarter valued at about $187,000. Finally, Trexquant Investment LP purchased a new stake in shares of SodaStream International during the second quarter valued at about $200,000. Institutional investors and hedge funds 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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