SodaStream International Ltd. – (NASDAQ:SODA):
SodaStream Reports Third Quarter Fiscal 2017 Results.
The company is so far trading up by 1.27% since yesterday’s close of $63.67.
SodaStream International Ltd. (SodaStream), launched on March 8, 2007, 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 Business’s segments include The Americas, Western Europe, Asia-Pacific, and Central and Eastern Europe, Middle East and Africa (CEMEA). The Americas segment consists of the United States, Canada and other markets in North America, Central America and South America, which are influenced by the consumption culture of the United States. The Western Europe segment consists of its markets in Western and Northern Europe, which are characterized by high price levels. Its Asia-Pacific segment consists of its markets in Australia and New Zealand, together with other markets in East Asia, including Japan and South Korea. The CEMEA segment consists of its markets in Central and Eastern Europe, Israel and South Africa. In both its direct and indirect markets, the Company sells its products primarily at retail stores, as well as online..
Shares are trading at $63.67 barely above $62.15, the 50 day moving average and which is significantly above the 200 day moving average of $57.16. The 50 day moving average moved up $1.52 whereas the 200 day moving average was up $6.51 or +11.39%.
SodaStream International Ltd. -‘s P/E ratio is 23.60 and the market cap of the company is 1.39B. As of the last earnings report the EPS was $2.70 and is estimated to be $2.75 for the current year with 21,794,000 shares now outstanding. Analysts expect next quarter’s EPS will be $0.70 with next year’s EPS projected to be $3.02.
Investors are a little more bearish on shares of the company of late looking at the rise in short interest. The firm saw a rise in short interest of 7.52% as of October 13, 2017 from the last reporting period. Short interest grew from 638,580 to 686,572 over that period. With short interest at 686,572 and short average daily volume at 205,755, the short-interest ratio is 3.0 and the percentage of shorted shares is 0.03% as of October 13.
A few analysts have weighed in on SODA of late. On August 3 the company was changed to “Positive” in a report from Susquehanna which is up from the previous “Neutral” rating.