SodaStream International Ltd. (SODA) Releases FY17 Earnings Guidance
SodaStream International Ltd. (NASDAQ:SODA) updated its FY17 earnings guidance on Wednesday. The company provided earnings per share (EPS) guidance of +40% to $2.90 for the period, compared to the Thomson Reuters consensus estimate of $2.75. The company issued revenue guidance of +13% to ~$536 million, compared to the consensus revenue estimate of $525.07 million.
Several analysts have commented on the stock. Susquehanna Bancshares Inc reissued a buy rating and issued a $90.00 target price on shares of SodaStream International in a research report on Monday, October 2nd. ValuEngine downgraded shares of SodaStream International from a buy rating to a hold rating in a report on Monday, October 2nd. Jefferies Group LLC set a $60.00 price objective on shares of SodaStream International and gave the stock a hold rating in a report on Monday. Zacks Investment Research downgraded shares of SodaStream International from a buy rating to a hold rating in a report on Wednesday, October 11th. Finally, BidaskClub raised shares of SodaStream International from a hold rating to a buy rating in a report on Friday, August 25th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. SodaStream International has a consensus rating of Buy and an average price target of $65.25.
SodaStream International (NASDAQ:SODA) last announced its earnings results on Wednesday, November 1st. The company reported $0.87 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.74 by $0.13. The business had revenue of $139.80 million for the quarter, compared to analysts’ expectations of $135.43 million. SodaStream International had a return on equity of 14.86% and a net margin of 11.89%. The firm’s revenue was up 12.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.69 earnings per share.
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A hedge fund recently raised its stake in SodaStream International stock. Vanguard Group Inc. grew its holdings in shares of 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 (SEC). The fund owned 6,128 shares of the company’s stock after purchasing an additional 421 shares during the quarter. Vanguard Group Inc.’s holdings in SodaStream International were worth $328,000 at the end of the most recent reporting period. Institutional investors own 47.48% of the company’s stock.
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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