$129.20 Million in Sales Expected for SodaStream International Ltd. (SODA) This Quarter
Wall Street analysts expect that SodaStream International Ltd. (NASDAQ:SODA) will post $129.20 million in sales for the current fiscal quarter, Zacks reports. Two analysts have made estimates for SodaStream International’s earnings. The highest sales estimate is $129.39 million and the lowest is $129.00 million. SodaStream International posted sales of $119.16 million during the same quarter last year, which indicates a positive year over year growth rate of 8.4%. The business is expected to report its next quarterly earnings results before the market opens on Wednesday, August 2nd.
On average, analysts expect that SodaStream International will report full year sales of $129.20 million for the current year, with estimates ranging from $495.45 million to $522.00 million. For the next financial year, analysts anticipate that the firm will post sales of $544.88 million per share, with estimates ranging from $533.75 million to $556.00 million. Zacks’ sales averages 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, May 10th. The company reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.28. SodaStream International had a return on equity of 13.96% and a net margin of 10.83%. The business had revenue of $115.30 million during the quarter, compared to analyst estimates of $110.37 million. During the same quarter last year, the company posted $0.29 EPS. SodaStream International’s revenue for the quarter was up 14.3% on a year-over-year basis.
A number of equities research analysts recently commented on SODA shares. BidaskClub downgraded SodaStream International from a “strong-buy” rating to a “buy” rating in a report on Tuesday. ValuEngine upgraded SodaStream International from a “hold” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research upgraded SodaStream International from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Saturday, May 13th. Jefferies Group LLC reiterated a “hold” rating and issued a $50.00 price objective on shares of SodaStream International in a report on Wednesday, April 26th. Finally, Susquehanna Bancshares Inc reiterated a “neutral” rating and issued a $60.00 price objective (up previously from $58.00) on shares of SodaStream International in a report on Tuesday, April 25th. Four investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $47.40.
SodaStream International (NASDAQ:SODA) traded down 0.12% during trading on Wednesday, hitting $57.50. The company had a trading volume of 166,804 shares. The firm has a 50-day moving average of $53.65 and a 200 day moving average of $50.07. SodaStream International has a 12-month low of $23.41 and a 12-month high of $59.00. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 23.59 and a beta of 1.19.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in SodaStream International by 405.0% in the fourth quarter. State Street Corp now owns 84,837 shares of the company’s stock worth $3,348,000 after buying an additional 68,036 shares during the last quarter. FMR LLC acquired a new position in SodaStream International during the fourth quarter worth about $26,633,000. Allianz Asset Management AG acquired a new position in SodaStream International during the fourth quarter worth about $242,000. Norges Bank acquired a new position in SodaStream International during the fourth quarter worth about $1,028,000. Finally, USA Financial Portformulas Corp acquired a new position in SodaStream International during the fourth quarter worth about $511,000. 44.83% of the stock is owned by hedge funds and other institutional investors.
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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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