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July 3, 2014
10:25 EDTGMCR, DMND, THS, DFDiamond Foods, Dean Foods, Keurig are potential takeout targets, says KeyBanc
KeyBanc expects that the consolidation seen to date this year in the food and beverage space will continue and the firm views Diamond Foods (DMND), Dean Foods (DF) and Keurig Green Mountain (GMCR) as potential takeout targets. The firm raised its price target on Diamond to $35 from $32, stating that its Nuts business warrants a higher multiple in light of TreeHouse Foods' (THS) recent purchase of Flagstone Foods. The firm keeps its Buy ratings on Diamond, Dean Foods and Green Mountain.
News For DF;DMND;GMCR;THS From The Last 14 Days
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November 18, 2015
19:15 EDTGMCROn The Fly: After Hours Movers
UP AFTER EARNINGS: Keurig Green Mountain (GMCR), up 16.3%... (CRM), up 5.2%... SINA (SINA), up 2.3%... NetApp (NTAP), up marginally. ALSO HIGHER: KaloBios (KBIO), up 721.3% after the disclosure of purchases by Martin Shkreli and Anthion Partners... Vitae Pharmaceuticals (VTAE), up 23.3% after reporting top-line results from its Phase 1 trial of VTP-43742... DOWN AFTER EARNINGS: Semtech (SMTC), down 8.5% after reporting quarterly results. ALSO LOWER: Sunedison (SUNE), down 10.8% after Reuters reports that Blackstone is not interested in SunEdison investment.
18:06 EDTGMCRKeurig Green Mountain says entering holiday season in 'strong position'
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17:34 EDTGMCRKeurig Green Mountain says will not give quarterly guidance going forward
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17:04 EDTGMCRKeurig Green Mountain says making progress with cost reduction initiatives
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16:13 EDTGMCRKeurig Green Mountain reports Q4 adjusted gross margin 34.7%
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16:12 EDTGMCRKeurig Green Mountain reports 1.9M Keurig hot system brewers sold in Q4
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16:09 EDTGMCRKeurig Green Mountain sees FY16 CapEx $225M-$275M
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16:08 EDTGMCRKeurig Green Mountain raises annual dividend 13% to $1.30 per share
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16:07 EDTGMCRKeurig Green Mountain spikes 16% following Q4 results, FY16 guidance
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16:07 EDTGMCRKeurig Green Mountain sees FY16 free cash flow $420M-$500M
16:06 EDTGMCRKeurig Green Mountain sees FY16 adjusted EPS $3.25-$3.45, consensus $3.47
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16:05 EDTGMCRKeurig Green Mountain reports Q4 adjusted EPS 85c, consensus 71c
Reports Q4 revenue $1.04B, consensus $1.03B.
14:44 EDTGMCRKeurig Green Mountain technical comments ahead of earnings
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14:38 EDTGMCRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Salesforce (CRM), consensus 19c... L Brands (LB), consensus 52c... (CTRP), consensus 9c... NetApp (NTAP), consensus 57c... Keurig Green Mountain (GMCR), consensus 71c.
14:20 EDTGMCRKeurig Green Mountain November 40 straddle priced for 16.5% movement into Q4
12:41 EDTGMCREarnings Watch: Keurig CEO still confident of long-term goals ahead of Q4 report
Keurig Green Mountain (GMCR) is scheduled to report fourth quarter results after the market close on Wednesday, November 18 with a conference call scheduled for 5:00 pm ET. Keurig Green Mountain, formerly Green Mountain Coffee Roasters, is engaged in the specialty coffee and coffee maker businesses and owns the "Keurig" brand of single-serve coffee makers and products. EXPECTATIONS: Analysts are looking for earnings per share of 71c on revenue of $1.03B, according to First Call. The consensus range for EPS is 68c-74c on revenue of $1.07B-$1.2B. LAST QUARTER: On August 5, Keurig Green Mountain reported third quarter adjusted EPS of 80c, beating analysts' estimates of 79c, on revenue of $969.6M, missing consensus estimates of $1.04B. The company forecast Q3 adjusted EPS of 70c-75c on a sales decline of low teens compared to the fourth quarter of fiscal 2014. The company forecast FY15 adjusted EPS to decline in mid-single digits and net sales growth to be flat to up low-single digits compared to FY14. NEWS: In conjunction with its last earnings release, Keurig Green Mountain announced a $1B share repurchase authorization and said that based upon its preliminary estimates for fiscal 2016, the company expects its hot business to deliver modest adjusted EPS growth over fiscal 2015 inclusive of the expected productivity savings. The company also announced plans to reduce its workforce by 5% over the next few years, which is expected to generate about $300M in savings over the next three years with approximately $100M of savings in FY16. Brian Kelley, the company's chief executive officer, said that the company can still reach its long-term EPS goals and noted that the company experts a stronger FY15 holiday season than FY14. Kelley said that the company's new countertop device, the Kold machine, will drive long-term growth following recent sales declines in its core business, Reuters reported in September. Dow Jones said on October 21 that David Einhorn's Greenlight Capital shorted Keurig Green Mountain again. STREET RESEARCH: Canaccord lowered its price target on Keurig Green Mountain to $59 from $65 in a November note to clients and said they can't recommend buying the shares until the K-cup risk stabilizes, which could be helped by a strong holiday brewer sales season. On November 11, shares were downgraded to Negative from Mixed at OTR Global. PRICE ACTION: Over the last three months, Keurig Green Mountain shares are down over 19%. Year-to-date, shares are down roughly 69%. In afternoon trading ahead of the company's earnings, shares are up fractionally to $40.43.
08:47 EDTGMCRKeurig Green Mountain expanding KOLD beverage lineup with cocktail mixers
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06:51 EDTTHSBay Valley Foods plans to close City of Industry, CA facility
Bay Valley Foods, a wholly-owned subsidiary of TreeHouse Foods, announced its intention to close its City of Industry, California facility. The closure of the facility was determined after carefully reviewing the operation and identifying opportunities to lower production costs. Production is expected to cease in Q1 of 2016 with full closure of the facility expected in Q3 of 2016. Total costs to close the facility are expected to be approximately $11.9M, or 17c per fully diluted share, of which approximately $7.7M, or 11c per fully diluted share, is expected to be in cash. Components of the charges include non-cash asset write-offs of approximately $3.7M, employee-related costs of approximately $2.8M and other closure costs of approximately $5.4M. The company expects approximately $1.1M of the charges to be incurred in Q4 of this year and approximately $2.1M, $4.9M and $3.8M in the Q1, Q2, and Q3 of 2016, respectively. Ongoing annual cost savings from the closing are expected to be approximately $1.0M. The City of Industry facility has approximately 62 employees and primarily produces branded liquid non-dairy creamer and refrigerated dressings for the food away from home industry. Production will be moved to other manufacturing facilities within the company's existing network as well as to third-party facilities. The company expects no supply disruptions during the transition.
05:11 EDTGMCRStocks with implied volatility movement; GMCR CHK
Stocks with implied volatility movement; Keurig Green Mountain (GMCR) 94, Chesapeake (CHK) 99 according to iVolatility.
November 17, 2015
07:58 EDTGMCRKeurig Green Mountain volatility elevated into Q4 and outlook
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