Wall Street brokerages expect that Sodastream International Ltd (NASDAQ:SODA) will report $170.77 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Sodastream International’s earnings. The lowest sales estimate is $163.47 million and the highest is $175.85 million. Sodastream International reported sales of $139.78 million during the same quarter last year, which indicates a positive year over year growth rate of 22.2%. The business is expected to announce 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 fiscal year, with estimates ranging from $667.26 million to $680.00 million. For the next financial year, analysts forecast that the business will report sales of $732.63 million per share, with estimates ranging from $725.00 million to $738.25 million. Zacks’ sales averages are an average based on a survey of research analysts that follow Sodastream International.
Sodastream International (NASDAQ:SODA) last released its earnings results on Wednesday, August 1st. The company reported $1.14 earnings per share for the quarter, topping the consensus estimate of $0.73 by $0.41. The business had revenue of $171.49 million for the quarter, compared to the consensus estimate of $147.93 million. Sodastream International had a net margin of 14.69% and a return on equity of 17.48%. The firm’s quarterly revenue was up 31.3% compared to the same quarter last year. During the same period last year, the firm posted $0.64 earnings per share.
Several research analysts have recently weighed in on the stock. BidaskClub raised shares of Sodastream International from a “buy” rating to a “strong-buy” rating in a research report on Thursday, July 12th. Zacks Investment Research downgraded shares of Sodastream International from a “hold” rating to a “sell” rating in a research report on Friday, July 27th. B. Riley lifted their target price on shares of Sodastream International from $110.00 to $126.00 and gave the stock a “buy” rating in a research report on Thursday, August 2nd. Jefferies Financial Group reissued a “hold” rating and issued a $82.00 target price on shares of Sodastream International in a research report on Wednesday, May 2nd. Finally, Susquehanna Bancshares lifted their target price on shares of Sodastream International from $118.00 to $147.00 and gave the stock a “positive” rating in a research report on Thursday, August 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $117.00.
Sodastream International stock opened at $129.85 on Friday. The company has a market capitalization of $2.86 billion, a PE ratio of 39.47, a PEG ratio of 3.78 and a beta of 1.15. Sodastream International has a fifty-two week low of $57.12 and a fifty-two week high of $130.25.
Institutional investors have recently added to or reduced their stakes in the company. LA Financiere DE L Echiquier acquired a new stake in shares of Sodastream International during the first quarter worth approximately $30,488,000. Migdal Insurance & Financial Holdings Ltd. boosted its holdings in shares of Sodastream International by 9,333.3% during the first quarter. Migdal Insurance & Financial Holdings Ltd. now owns 141,500 shares of the company’s stock worth $12,994,000 after purchasing an additional 140,000 shares during the period. Granahan Investment Management Inc. MA boosted its holdings in shares of Sodastream International by 30.6% during the second quarter. Granahan Investment Management Inc. MA now owns 586,844 shares of the company’s stock worth $50,058,000 after purchasing an additional 137,566 shares during the period. Renaissance Technologies LLC boosted its holdings in shares of Sodastream International by 7.3% during the second quarter. Renaissance Technologies LLC now owns 1,639,800 shares of the company’s stock worth $139,875,000 after purchasing an additional 111,800 shares during the period. Finally, Acadian Asset Management LLC boosted its holdings in shares of Sodastream International by 10.4% during the second quarter. Acadian Asset Management LLC now owns 844,953 shares of the company’s stock worth $72,072,000 after purchasing an additional 79,625 shares during the period. 56.86% of the stock is currently owned by institutional investors and hedge funds.
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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