KeyBanc Raises Numbers On Green Mountain (GMCR) Following Strong Q1
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Price: $91.67 --0%
Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
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Rating Summary:
5 Buy, 15 Hold, 3 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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KeyBanc raised estimates on Green Mountain Coffee Roasters (NASDAQ: GMCR) following strong Q1 results after the close.
The firm said the the two most impressive numbers in yesterday’s release were: 1) 4.2 million Keurig technology brewers sold (up 68% year-over-year), compared to our estimate of 3 million and the FY11 total of 6.5 million; and 2) $33 million in Free Cash Flow the Company generated despite a $43 million drag from working capital and $102 million in cap-ex.
Keybank raised FY12 EPS estimate from $2.68 to $2.77 and FY13 EPS estimate from $3.90 to $4.23.
"We continue to believe that the Company has positioned itself well to lead the rapid growth of the U.S. single-serve coffee market and is in the early stages of penetrating the broader non-carbonated beverage market."
The firm maintained their Buy rating and $80 price target.
For an analyst ratings summary and ratings history on Green Mountain Coffee Roasters click here. For more ratings news on Green Mountain Coffee Roasters click here.
Shares of Green Mountain Coffee Roasters closed at $53.63 yesterday.
The firm said the the two most impressive numbers in yesterday’s release were: 1) 4.2 million Keurig technology brewers sold (up 68% year-over-year), compared to our estimate of 3 million and the FY11 total of 6.5 million; and 2) $33 million in Free Cash Flow the Company generated despite a $43 million drag from working capital and $102 million in cap-ex.
Keybank raised FY12 EPS estimate from $2.68 to $2.77 and FY13 EPS estimate from $3.90 to $4.23.
"We continue to believe that the Company has positioned itself well to lead the rapid growth of the U.S. single-serve coffee market and is in the early stages of penetrating the broader non-carbonated beverage market."
The firm maintained their Buy rating and $80 price target.
For an analyst ratings summary and ratings history on Green Mountain Coffee Roasters click here. For more ratings news on Green Mountain Coffee Roasters click here.
Shares of Green Mountain Coffee Roasters closed at $53.63 yesterday.
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