WhiteWave Foods (WWAV) Stock Gains on Earnings Beat, Jim Cramer: Awesome Quarter

WhiteWave Foods (WWAV) stock is rising after the company reported 2015 third quarter financial results that surpassed estimates.
By Amanda Gomez ,

NEW YORK (TheStreet) -- WhiteWave Foods Co. (WWAV) stock is increasing 4.29% to $43.25 in late morning trading on Monday after the company reported better than expected financial results for the 2015 third quarter.

The food company reported earnings of 33 cents per share for the quarter ended September 30, surpassing estimates by 2 cents.

Revenue rose 17% year-over-year to $1.01 billion, beating estimates of $974.86 million, driven by growth in all divisions and the acquisitions of Wallaby Yogurt Co. and Vega, which closed in August.

Americas food and beverage net sales increased 23% to $723 million as premium dairy products net sales gained 18%, coffee creamers and ready-to-drink beverages net sales rose 13%, and nut-based beverages net sales jumped 11%.

TheStreet's Jim Cramer, portfolio manager of the Action Alerts PLUS charitable trust portfolio, and Jack Mohr, research director, had this to say today about WhiteWave Foods in an Action Alerts PLUS article: "Overall, this is simply an awesome quarter from WhiteWave as it continues to dominate the natural foods space and exceed its own sales growth expectations, particularly in the face of bearish sentiment... leading up to today's results. We couldn't be more pleased with the quarter."

Additionally, WhiteWave Foods increased its 2015 earnings guidance to $1.17 to $1.18 per share, from its previous guidance of $1.14 to $1.17 per share.

Separately, TheStreet Ratings team rates WHITEWAVE FOODS CO as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

We rate WHITEWAVE FOODS CO (WWAV) 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 revenue growth, growth in earnings per share and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including generally higher debt management risk and weak operating cash flow.

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

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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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