Boston, MA 10/21/2013 (wallstreetpr) – Green Mountain Coffee Roasters Inc. (NASDAQ:GMCR), a company involved in manufacture and sale of specialty coffee and coffee makers has announced the dates for declaration of fourth quarter result for Fiscal 2013 and for full year results. In a filing to the regulators, company has proposed the date of 20th November 2013 for the announcement. The company is known for its innovative Keurig Single Cup Brewing System which caters to a wide array of customer ranging from normal home users via kitchen tops to small offices and dormitories.
The shares of company have been performing poorly in last quarter and have moved down from a high of $89 in September to a current price of a low $64.41. But there seems to be some amount of optimism in company’s next earnings declaration. Many analysts have started coming out with their own set of ratings and price targets. Most of these have a positive rating for the stock. Analysts at KeyCorp seem quite gung ho about the company and have raised the target price for Green Mountain to $100. This shows a potential upside of more than 60% from current levels. Thomson Reuters has also come out with a Hold rating for the stock. Another firm Imperial Capital has come out with an Outperform rating for the stock with similar price target of $100. Even Zacks has a Rank 2 Buy Rating for the stock and predicts higher level for the company’s share prices in coming weeks. As per the street expectations, Green Mountain Coffee Roasters is projected to do earnings of $3.26 per share for the whole year.
The company is known to provide innovative solutions to customer requirements and is respected on the streets for making genuine efforts to purchase raw coffee beans from certified Fair Trade sources. In last fiscal, company was able to purchase 25% of its coffee requirements from such certified sources.
