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Stock Market & Financial Investment News

News Breaks
August 6, 2014
13:31 EDTGMCR, NSRGY, SJMEarnings Preview: Keurig Green Mountain expects Q3 EPS of 83c-88c
Keurig Green Mountain (GMCR) is scheduled to report third quarter results after the market close on Wednesday, August 6, 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 88c on revenue of $1.05B, according to First Call. The consensus range for EPS is 85c-96c on revenue of $980M-$1.16B. LAST QUARTER: Keurig Green Mountain reported second quarter EPS of $1.08 excluding items against estimates for 94c, on revenue of $1.1B against estimates for $1.05B. The company forecast Q3 EPS of 83c-88c and net sales growth in the high single digits over the third quarter of fiscal year 2013. At that time Keurig Green Mountain also forecast its fiscal year 2014 adjusted EPS view of $3.63-$3.73 against estimates at that time of $3.72, and guided to FY14 net sales growth in the high single digits over fiscal year 2013. The company also forecast FY14 free cash flow of $250M-$350M and capital expenditures of $350M-$400M. Keurig also announced an additional $1B share repurchase plan. NEWS: As it reported its Q2 earnings, Keurig announced a multi-year agreement with J.M. Smucker (SJM) for the manufacturing, marketing, distribution, and sale of the Smucker family of coffee brands, including the Folgers, Folgers Gourmet Selections, Café Bustelo and Millstone brands, into Keurig portion packs formats. During the quarter, Keurig announced a multi-year agreement with Nestle U.S.A. (NSRGY) to bring Coffee-Mate branded coffee with creamer to K-Cup packs. At June's William Blair Growth Stock Conference, Keurig said its cold system will be launched in 2015. STREET RESEARCH: Argus upgraded Keurig Green Mountain to Buy from Hold in June and expects FY14 revenue growth of 10% as sales of K-Cups and brewers increase. During the quarter, shares were also downgraded to Neutral from Buy at Buckingham and initiated with a Neutral rating at BTIG. Greenlight Capital is "short" Keurig Green Mountain. PRICE ACTION: Over the last three months, Keurig Green Mountain shares are up almost 25%. Year-to-date, shares are up over 57%. Ahead of today's earnings, shares are up almost 1% to $118.65.
News For GMCR;SJM;NSRGY From The Last 14 Days
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July 24, 2015
10:00 EDTGMCRKeurig Green Mountain volatility elevated into Q3 and outlook
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July 21, 2015
10:01 EDTGMCROn The Fly: Analyst Initiation Summary
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05:57 EDTGMCRStocks with implied volatility above IV index mean; CMG GMCR
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July 20, 2015
16:40 EDTGMCRKeurig Green Mountain initiated with a Neutral at Sterne Agee CRT
July 17, 2015
10:52 EDTGMCRKeurig Green Mountain volatility elevated into Q3 and outlook
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05:55 EDTGMCRStocks with implied volatility above IV index mean; XOMA GMCR
Stocks with implied volatility above IV index mean; XOMA (XOMA) 295, Keurig Green Mountain (GMCR) 50 according to iVolatility.
July 16, 2015
17:16 EDTSJMJ.M. Smucker raises quarterly dividend 5% to 67c from 64c per share
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July 15, 2015
11:08 EDTNSRGYFormula makers slip after Mead Johnson cuts guidance
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10:52 EDTGMCRStocks with call strike movement; CHK GMCR
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