Keurig Green Mountain (GMCR) Stock Surges After Yesterday's Earnings Results

Keurig Green Mountain (GMCR) stock soars further today, after reporting its 2015 fourth quarter financial results after Wednesday's market close.
By Rachel Graf ,

NEW YORK (TheStreet) -- Keurig Green Mountain (GMCR) stock is up 23.31% to $49.94 in afternoon trading on Thursday, following the release of its 2015 fourth quarter earnings results after yesterday's market close. 

The personal beverage company posted earnings of 85 cents per share on revenue of $1.04 billion for the most recent quarter.

Analysts had forecast for earnings of 71 cents per share on revenue of $1.03 billion.

There was "a heavy dose of fear," heading into the report, Canaccord Genuity'sScott Van Winkle noted, which is boosting shares today, the Wall Street Journal reports. 

"One of the things Green Mountain did here was gap the shorts like you wouldn't believe," TheStreet's Jim Cramer said on CNBC's Squawk on the Street this morning. "People are so angry about the good news here."

Additionally, the company's board approved a 13% dividend hike to $1.30 per share, effective on February 16.

Separately, TheStreet Ratings team rates KEURIG GREEN MOUNTAIN INC as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

We rate KEURIG GREEN MOUNTAIN INC (GMCR) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its largely solid financial position with reasonable debt levels by most measures, notable return on equity and reasonable valuation levels. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, a generally disappointing performance in the stock itself and feeble growth in the company's earnings per share.

You can view the full analysis from the report here: GMCR

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Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of Jim Cramer, TheStreet or any of its contributors.

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