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Stock Market & Financial Investment News

News Breaks
April 1, 2013
07:29 EDTGMCRGreen Mountain price target raised to $70 from $55 at KeyBanc
KeyBanc raised Green Mountain's price target to $70 following checks that indicate a price war is not emerging, private label market share will not exceed 10%, increasing time to market for new entrants, and the likelihood it will partner with more retailers than expected. Shares are Buy rated.
News For GMCR From The Last 14 Days
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May 6, 2015
19:04 EDTGMCROn The Fly: After Hours Movers
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16:05 EDTGMCRKeurig Green Mountain names Peter Leemputte as CFO
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16:03 EDTGMCRKeurig Green Mountain drops 3% to $105 after cutting FY15 outlook
16:03 EDTGMCRKeurig Green Mountain sees FY15 Non-GAAP EPS decline in mid-single digits
Sees FY15 net sales growth flat to up low-single digits compared to fiscal year 2014, consensus $4.99B. “We are pleased to report that our earnings per share in the second quarter were in line with our guidance. Our top-line growth, however, was below our expectations primarily due to the slower than expected transition to the Keurig 2.0 system. We are taking actions to reduce brewer inventories, enhance our 2.0 brewer packaging to better communicate our extensive brand variety and step up innovation on our owned brands. Although we are lowering our guidance to reflect the impact of near-term challenges related to this complex product transition, we remain highly confident in our long term strategy for the Keurig hot system and continue to believe there is a significant runway of opportunity,” said President and CEO, Brian Kelley.
16:02 EDTGMCRKeurig Green Mountain sees Q3 EPS 75c-80c, consensus $1.08
Sees Q3 net sales growth flat to up low-single digits compared to the third quarter of fiscal year 2014, consensus $1.12B.
16:01 EDTGMCRKeurig Green Mountain reports Q2 EPS $1.03, consensus $1.05
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15:03 EDTGMCRNotable companies reporting after market close
Notable companies reporting after the market close, with earnings consensus, include Twenty-First Century Fox (FOX, FOXA), consensus 39c... MetLife (MET), consensus $1.41... Prudential Financial (PRU), consensus $2.38... Tesla Motors (TSLA), consensus (50c)... Energy Transfer Partners (ETP), consensus 76c... Continental Resources (CLR), consensus (13c)... Keurig Green Mountain (GMCR), consensus $1.05... Whole Foods Market (WFM), consensus 43c... Activision Blizzard (ATVI), consensus 7c... Essex Property Trust (ESS), consensus $2.23... CF Industries (CF), consensus $4.61... TripAdvisor (TRIP), consensus 55c... Sunoco Logistics Partners (SXL), consensus 40c... Qorvo (QRVO), consensus 87c... Kimco Realty (KIM), consensus 36c... American Water Works (AWK), consensus 41c... Annaly Capital (NLY), consensus 30c... Albemarle (ALB), consensus 71c... Transocean (RIG), consensus 60c... Regency Centers (REG), consensus 72c... Energen (EGN), consensus 7c... Copa (CPA), consensus $2.36... Bruker (BRKR), consensus 10c... Atmel (ATML), consensus 9c... Oasis Petroleum (OAS), consensus 26c... Matador Resources (MTDR), consensus 1c... SandRidge Energy (SD), consensus (1c)... Sanchez Energy (SN), consensus (55c).
14:31 EDTGMCRKeurig Green Mountain technical comments ahead of earnings
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13:10 EDTGMCREarnings Watch: Keurig Green Mountain down about 17% year-to-date
Keurig Green Mountain (GMCR) is scheduled to report second quarter results after the market close on Wednesday, May 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 $1.05 on revenue of $1.15B, according to First Call. The consensus range for EPS is $1.00-$1.14 on revenue of $1.12B-$1.18B. LAST QUARTER: Keurig Green Mountain reported first quarter EPS of 88c on revenue of $1.39B, missing estimates of 89c and $1.47B, respectively. The company forecast Q2 EPS $1.00-$1.05 on sales growth in the mid-single digits over last year. The company said its EPS outlook includes an approximate 8c dilute impact of the Coca-Cola (KO) and Lavanzza Equity transactions and a 7c headwind from foreign currency exchange. The company revised its outlook for fiscal year 2015 adjusted EPS to growth of mid-single digits from its previous outlook of mid-single to high-single digits. Net sales growth is now seen in the mid-single to high-single digits compared to fiscal year 2014 from its previous view of high-single to low-double digit sales growth. The company said its FY15 EPS outlook includes an approximate 27c dilutive impact from the FY14 Coca-Cola and Lavazza Equity transactions and an estimated 15c headwind from foreign currency exchange. NEWS: In its last earnings report, Keurig Green Mountain said its cold system is on track to launch this fall. The company said on its conference call that it expects revenue growth to accelerate in the second half of FY15, driven by brewer sales and portion pack revenues. Management stated that commodity costs will be a headwind in FY15. During the quarter, Coca-Cola raised its stake in the company to 16%. At February's 2015 CAGNY conference, Keurig Green Mountain reiterated FY15 guidance and said that M&A activity during the year will be "small," as its focus is on organic growth. During the quarter, Keurig Green Mountain announced a partnership with Reily Foods and DS Services (COT) and agreed to repurchase approximately 5.2M shares of stock held by Lavanzza at $119.18 per share. Recently, Time Inc (TIME) hired Dr. JT Kostman, Keurig's Chief Data Scientist, to the position of Chief Data Officer. According to Keurig Green Mountain's corporate website, Mark Choe was named Chief Technology Officer of Keurig in April. The LinkedIn page of Kevin Sullivan, who was previously the Chief Technology Officer at Keurig, currently lists his position at the company as VP Engineering. STREET RESEARCH: Susquehanna started shares of Keurig Green Mountain with a Positive rating saying K-cup volume growth and the new Keurig Kold could drives shares to $154 by April 2016. UBS noted Keurig Green Mountain's 2.0 reviews are still below older brewer ratings, and said it has noted several improvements, but it still waiting to hear the company is on track to normalize inventory and resume brewer growth in the second half of the year. UBS said the risk/reward is attractive long-term, but acknowledges near-term challenges. On April 20, Morgan Stanley said Keurig Green Mountain weakness is in part due to skepticism on Hot penetration and Kold growth prospects. The firm, which has an Overweight rating and $155 price target on the stock, believes concerns are overstated and acknowledges disappointing year-to-date brewer trends, but said there is a long ramp for increased penetration in the U.S. and little deterioration in brewer purchase intent and strong interest in Kold. On May 4, BofA/Merrill lowered Keurig Green Mountain estimates due to soft end market demand and some missteps in Hot and Kold production. The firm lowered its FY15 EPS estimate to to $4.00 from $4.07 and FY16 EPS estimate to $4.62 from $4.70. PRICE ACTION: Over the last three months, Keurig Green Mountain shares are down nearly 8%. Year-to-date, shares are down about 17%. In afternoon trading ahead of the company's earnings, shares are fractionally lower at $109.57.
05:59 EDTGMCRStocks with implied volatility above IV index mean; GRPN GMCR
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May 4, 2015
14:22 EDTGMCRKeurig responds to speculation, says Sullivan still with company
Keurig Green Mountain (GMCR), in response to speculation about changes to its R&D and Engineering teams, stated: “Kevin Sullivan, formerly Keurig’s Chief Technology Officer, remains with the company and has no plans to leave. Over the past 15 months, Kevin and Brian Kelley, Keurig’s President and CEO, have been working closely together to shift Kevin’s responsibilities at his request. Kevin will now focus exclusively on critical technology initiatives for the company. In April 2015, following a comprehensive search to find the best candidate to serve as Keurig’s Chief Technology Officer, Mark Choe assumed the position, joining Keurig from Whirlpool Corporation (WHR). Since Mark began in his role, he and Kevin have been working closely together to ensure a seamless transition. There has been no shake-up in our R&D division.”
11:48 EDTGMCRKeurig Green Mountain slips amid executive changes
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11:31 EDTGMCRTime Inc. names JT Kostman as SVP, Chief Data Officer
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11:27 EDTGMCRKeurig Green Mountain estimates trimmed at BofA/Merrill
BofA/Merrill lowered Keurig Green Mountain estimates due to soft end market demand and some missteps in hot and Kold production. The firm's FY15 EPS is lowered to $4.00 from $4.07 and FY16 reduced to $4.62 from $4.70. Keurig Green Mountain reports quarterly results on Wednesday after the close.
May 1, 2015
11:28 EDTGMCRGreen Mountain Coffee May volatility elevated into Q2 and outlook
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April 22, 2015
05:58 EDTGMCRStocks with implied volatility above IV index mean; MNKD GMCR
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