Sodastream International (SODA) Posts Quarterly Earnings Results, Beats Estimates By $0.35 EPS

Sodastream International (NASDAQ:SODA) posted its quarterly earnings results on Wednesday. The company reported $1.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.35, Morningstar.com reports. The business had revenue of $157.66 million for the quarter, compared to analyst estimates of $151.57 million. Sodastream International had a return on equity of 15.17% and a net margin of 12.47%. The firm’s revenue was up 19.6% on a year-over-year basis. During the same period last year, the company earned $0.71 EPS. Sodastream International updated its FY18 guidance to approx $3.78 EPS.

Shares of Sodastream International (SODA) traded up $3.39 during trading on Thursday, hitting $85.81. The stock had a trading volume of 561,453 shares, compared to its average volume of 295,014. The company has a market capitalization of $1,721.24, a price-to-earnings ratio of 29.80 and a beta of 1.25. Sodastream International has a 12 month low of $44.71 and a 12 month high of $86.75.

SODA has been the topic of several recent analyst reports. Jefferies Group set a $60.00 target price on Sodastream International and gave the stock a “hold” rating in a report on Monday, October 30th. Susquehanna Bancshares set a $92.00 target price on Sodastream International and gave the stock a “buy” rating in a report on Wednesday, November 1st. ValuEngine lowered Sodastream International from a “buy” rating to a “hold” rating in a 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 report on Tuesday, November 7th. Finally, BidaskClub upgraded Sodastream International from a “buy” rating to a “strong-buy” rating in a report on Saturday, February 3rd. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Buy” and an average target price of $78.75.

Institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in shares of Sodastream International by 5.9% in the third quarter. Bank of New York Mellon Corp now owns 148,848 shares of the company’s stock valued at $9,891,000 after purchasing an additional 8,297 shares in the last quarter. Granahan Investment Management Inc. MA lifted its holdings in shares of Sodastream International by 9.3% in the third quarter. Granahan Investment Management Inc. MA now owns 417,155 shares of the company’s stock valued at $27,720,000 after purchasing an additional 35,621 shares in the last quarter. ClariVest Asset Management LLC lifted its holdings in shares of Sodastream International by 157.2% in the third quarter. ClariVest Asset Management LLC now owns 63,304 shares of the company’s stock valued at $4,208,000 after purchasing an additional 38,696 shares in the last quarter. Winslow Evans & Crocker Inc. bought a new stake in shares of Sodastream International in the third quarter valued at about $269,000. Finally, Wasatch Advisors Inc. lifted its holdings in shares of Sodastream International by 260.0% in the second quarter. Wasatch Advisors Inc. now owns 81,000 shares of the company’s stock valued at $4,335,000 after purchasing an additional 58,500 shares in the last quarter. Institutional investors own 52.05% of the company’s stock.

COPYRIGHT VIOLATION WARNING: This news story was originally posted by American Banking News and is the sole property of of American Banking News. If you are reading this news story on another domain, it was illegally stolen and republished in violation of U.S. & international copyright legislation. The original version of this news story can be read at https://www.americanbankingnews.com/2018/02/14/sodastream-international-soda-issues-quarterly-earnings-results-beats-estimates-by-0-35-eps.html.

Sodastream International Company Profile

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).

Earnings History for Sodastream International (NASDAQ:SODA)

Receive News & Ratings for Sodastream International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Sodastream International and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply