Keurig Green Mountain (GMCR) Announces Quarterly Earnings, Beats Expectations By $0.11 EPS
Keurig Green Mountain (NASDAQ:GMCR) issued its quarterly earnings data on Wednesday. The company reported $0.99 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.88 by $0.11, StockRatingsNetwork reports. The company had revenue of $1.02 billion for the quarter, compared to the consensus estimate of $1.05 billion. During the same quarter in the previous year, the company posted $0.82 earnings per share. The company’s revenue for the quarter was up 5.7% on a year-over-year basis. Keurig Green Mountain updated its Q4 guidance to $0.68-0.75 EPS and its FY14 guidance to $3.71-3.78 EPS.
A number of analysts have recently weighed in on GMCR shares. Analysts at Argus upgraded shares of Keurig Green Mountain from a “hold” rating to a “buy” rating in a research note on Friday, June 27th. They now have a $140.00 price target on the stock. On the ratings front, analysts at Buckingham Research downgraded shares of Keurig Green Mountain from a “buy” rating to a “neutral” rating in a research note on Thursday, June 19th. Finally, analysts at Zacks initiated coverage on shares of Keurig Green Mountain in a research note on Thursday, June 19th. They set a “neutral” rating and a $124.00 price target on the stock. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and eight have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $109.92.
Keurig Green Mountain (NASDAQ:GMCR) traded up 0.33% on Wednesday, hitting $118.134. 2,769,822 shares of the company’s stock traded hands. Keurig Green Mountain has a 1-year low of $56.87 and a 1-year high of $128.50. The stock has a 50-day moving average of $121.8 and a 200-day moving average of $109.6. The company has a market cap of $19.225 billion and a P/E ratio of 33.34. Keurig Green Mountain also was the recipient of some unusual options trading on Wednesday. Investors acquired 11,486 call options on the stock. This is an increase of approximately 200% compared to the typical daily volume of 3,824 call options.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 31st. Stockholders of record on Friday, October 3rd will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.85%.
Keurig Green Mountain, Inc, formerly Green Mountain Coffee Roasters, Inc, is a specialty coffee and coffeemaker businesses in the United States and Canada.
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