SodaStream International Ltd. (NASDAQ:SODA) released its quarterly earnings data on Wednesday. The company reported $0.87 EPS for the quarter, beating the consensus estimate of $0.74 by $0.13, Briefing.com reports. SodaStream International had a return on equity of 15.17% and a net margin of 12.47%. The company had revenue of $139.80 million for the quarter, compared to analysts’ expectations of $135.43 million. During the same period last year, the firm posted $0.69 earnings per share. SodaStream International’s revenue was up 12.6% compared to the same quarter last year. SodaStream International updated its FY17 guidance to +40% to $2.90 EPS.
SodaStream International (SODA) traded down $1.76 during midday trading on Friday, hitting $64.95. The stock had a trading volume of 183,574 shares, compared to its average volume of 251,034. The stock has a market capitalization of $1,403.09, a P/E ratio of 22.25 and a beta of 1.15.
SODA has been the topic of several recent analyst reports. BidaskClub cut SodaStream International from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Zacks Investment Research cut SodaStream International from a “buy” rating to a “hold” rating in a research report on Thursday, July 27th. Jefferies Group LLC set a $55.00 price objective on SodaStream International and gave the company a “hold” rating in a research report on Saturday, July 29th. Susquehanna Bancshares Inc reaffirmed a “positive” rating and set a $79.00 price objective (up from $58.00) on shares of SodaStream International in a research report on Tuesday, August 1st. Finally, UBS AG raised SodaStream International from a “neutral” rating to a “positive” rating in a research report on Thursday, August 3rd. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $65.25.
An institutional investor recently raised its position in SodaStream International stock. Vanguard Group Inc. lifted its stake in SodaStream International Ltd. (NASDAQ:SODA) by 7.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 6,128 shares of the company’s stock after acquiring an additional 421 shares during the period. Vanguard Group Inc.’s holdings in SodaStream International were worth $328,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 47.48% of the company’s stock.
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).
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