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Stock Market & Financial Investment News

News Breaks
August 6, 2014
13:31 EDTSJM, GMCR, NSRGYEarnings 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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November 19, 2014
15:31 EDTGMCRNotable companies reporting after market close
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14:40 EDTGMCRKeurig Green Mountain technical comments ahead of results
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14:08 EDTGMCREarnings Preview: Keurig Green Mountain sees FY14 EPS $3.71-$3.78
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13:26 EDTGMCRKeurig Green Mountain November 155 straddle priced for 8.7% move into Q4
10:47 EDTGMCRStocks with call strike movement; GME GMCR
GameStop (GME) December 55 call option implied volatility increased 4% to 55, Green Mountain (GMCR) December 185 call option implied volatility increased 3% to 54 according to IVolatility.
07:05 EDTSJMJ.M. Smucker backs FY15 EPS ex-items $5.45-$5.65, consensus $5.55
The company expects FY15 net sales to decrease approximately 1%, as compared to 2014. Revenue consensus $5.56B. Based on the full year results for the first six months of 2015, the company's outlook implies a modest increase in net sales for the last six months of 2015 over the same period last year. The company noted higher net price realization, favorable mix, and the contribution from Sahale as the primary contributors. Volume declines and an unfavorable net price realization to cost relationship in the U.S. Retail Coffee segment are the primary contributors of the income per diluted share decline for the last six months of 2015, compared to the same period in 2014. Free cash flow for 2015 is expected to approximate $500M reflecting the anticipated decrease in net income and a higher level of working capital requirements.
07:03 EDTSJMJ.M. Smucker reports Q2 EPS ex-items $1.53, consensus $1.53
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November 18, 2014
15:21 EDTSJMNotable companies reporting before tomorrow's open
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08:07 EDTGMCRGreen Mountain Coffee volatility elevated into Q3 and outlook
Green Mountain Coffee November call option implied volatility is at 101, December is at 50, January is at 45, March is at 43; compared to its 26-week average of 42 according to Track Data, suggesting large near term price movement into the expected release of Q3 results on November 19.
07:50 EDTGMCRKeurig Green Mountain price target raised to $168 from $134 at Canaccord
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November 17, 2014
07:26 EDTGMCRBofA/Merrill expects in-line Q4 report from Keurig Green Mountain
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07:21 EDTNSRGYDanone mulls IPO for nutrition unit as sale talks disappoint, Reuters says
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November 14, 2014
09:05 EDTGMCRKeurig Green Mountain target to $185, Cold may be a disrupter, says Goldman
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08:31 EDTGMCRGreen Mountain Coffee November volatility elevated into Q3 and outlook
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05:42 EDTNSRGYNestle to explore strategic options for development of Davigel
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November 12, 2014
12:13 EDTSJMJ.M. Smucker downgraded to Neutral from Buy at Northcoast
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08:05 EDTSJMJ.M. Smucker cuts FY15 EPS excl items to $5.45-$5.65 from $5.95-$6.05
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08:04 EDTSJMJ.M. Smucker: Q2 results fell short of expectations due to coffee business
The company said, "Our rapid ascent of coffee prices to reflect higher green coffee costs took its toll on volume. The balance of our businesses performed well. As we move into the second half, we anticipate overall coffee volume trends will improve compared to our second quarter, but the pricing impact of higher green coffee costs will continue through the remainder of the fiscal year. Looking forward, we do not believe there has been a fundamental change to the at-home coffee category. However, our teams will continue to focus on tactical opportunities to address the current market environment."
08:03 EDTSJMJ.M. Smucker reports Q2 preliminary EPS excl. items $1.53, consensus $1.66
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November 11, 2014
11:40 EDTGMCRStocks with call strike movement; FSLR GMCR
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