Green Mountain Coffee Roasters (NASDAQ:GMCR) Beats Profit Estimates; Lifts Guidance – GMCR, SJM, SBUX, JVA

Green Mountain Coffee Roasters Inc (NASDAQ:GMCR) announced that fiscal Q1 net income attributable to the corporation moved up to $107.58 million or $0.70 a share, from $104.41 million or $0.66 a share in the similar period previous year.

The Waterbury, Vermont based company reported that non-GAAP net income for the three months period was $115.98 million or $0.76 a share, evaluated against $96.00 million or $0.60 a share in the similar period previous year.

Thomson Reuters analysts survey forecasted the company to announce earnings of $0.65 a share for the three months period.

Green Mountain Coffee’s net sales for the period surged to $1.34 billion from $1.16 billion in the same period previous year.

Shifting reader’s focus to broader market, let us consider market performance of other stocks that significantly affect same sector. The J.M. Smucker Company (NYSE:SJM) fell -0.44% to settle at $89.09, Starbucks Corporation (NASDAQ:SBUX) moved down -0.27% to end at $56.05 while Coffee Holding Co., Inc. (NASDAQ:JVA) jumped +2.47% to finish at $7.48 on Wednesday.

Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR) last session’s volume of 11.08 million shares was surprisingly higher than its average volume of 4.15 million shares. The stock after opening at $47.54 hit high price of $49.10 and then closed at $48.94 by scoring +3.03%.

The liquidity measure in recent quarter results of the company was recorded 2.54 as current ratio and on the other side the debt to equity ratio was 0.24 and long-term debt to equity ratio remained at 0.23. The Company had total cash of $58.29 million at hand and a book value per share as $14.81 in the most recent quarter.

The stock’s price volatility was 4.63% for a week and 4.33% for a month as well as price volatility’s Average True Range for 14 days was 1.93 and its beta remained at 0.92.

GMCR generated revenue of $3.86 billion in the previous twelve months and earned $3.86 billion. The Company showed a positive 9.42% in the net profit margin as well as in its operating margin which remained at 14.74%. Company’s annual sales growth for the past five years was 64.40%.

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