SodaStream International Ltd. (SODA) Issues FY17 Earnings Guidance

SODA has been the topic of a number of other reports. ValuEngine cut SodaStream International from a buy rating to a hold rating in a report on Monday, October 2nd. Susquehanna Bancshares Inc reissued a positive rating and issued a $79.00 price objective (up from $58.00) on shares of SodaStream International in a research report on Tuesday, August 1st. Jefferies Group LLC restated a "hold" rating and set a $55.00 target price on shares of SodaStream International in a research note on Thursday, August 31st. Four research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of Buy and a consensus target price of $64.75.

SodaStream International (NASDAQ:SODA) opened at 33.90 on Tuesday. SodaStream International has a 52-week low of $24.85 and a 52-week high of $69.00. The firm's 50-day moving average is $26.11 and its 200 day moving average is $23.85. The legal version of this report can be read at

Diluted earnings per share increased to US$0.87 (Q3 2016: US$0.69), beating the average analyst estimate of US$0.76. SodaStream International had a net margin of 6.92% and a return on equity of 9.60%.

That compares with consensus of US$2.75 on revenues of US$525.1mln. Analysts expect next quarter's EPS will be $0.70 with next year's EPS projected to be $3.02. Adjusted EBITDA in the third quarter amounted to $30.4 million, 30.4% more than in the corresponding quarter a year ago and 35.1% more than in the preceding quarter.

"SodaStream is proud that millions of consumers around the world have chosen to use its reusable bottles to prepare 2 billion liters of sparkling water during the past year", said SodaStream CEO Daniel Birnbaum, "It's an important step toward saving our planet from the hazard of disposable plastic".

An institutional investor recently raised its position in SodaStream International stock. Eqis Capital Management Inc. increased its stake in shares of SodaStream International by 0.6% in the third quarter.

SodaStream reported strong revenue growth in the third quarter, but the company's Americas division was almost flat for the three month period ended September 30. Positive exchange rate developments also contributed $4.2 million to the company. United Services Automobile Association now owns 85,840 shares of the company's stock valued at $1,831,000 after buying an additional 2,400 shares during the last quarter.

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