Green Mountain Coffee Roasters Inc. (GMCR) is trading within close reach of a 52-week high, on path to reach an all-time high. Analysts have been bullish on earnings, boosting forecasts for the current and following fiscal years.

Company Description

Green Mountain Coffee Roasters Inc. sells specialty coffee, managing its operations through two wholly owned business segments, Green Mountain Coffee and Keurig.

Its Green Mountain Coffee segment sells more than 100 high-quality coffee selections, including Fair Trade Certified™ organic coffees, under the Green Mountain Coffee® and Newman’s Own® Organics brands through its wholesale, direct mail and e-commerce operations.

Green Mountain Coffee also produces its coffee as well as hot cocoa and tea in K-Cup® portion packs for Keurig® Single-Cup Brewers. Keurig, Incorporated is a pioneer and leading manufacturer of gourmet single-cup brewing systems for offices, homes and hotel rooms.

Strong Quarterly Results

The company recently announced stellar fiscal first-quarter results. Earnings per share, on a non-GAAP basis, totaled 16 cents per share, topping the consensus estimate by 23%. Net sales of $197.0 million came in 56% ahead last year’s $126.4 million.

Lawrence J. Blanford, President and CEO, said, “We are off to a very strong start for fiscal year 2009 with our first quarter results. The robust growth rate of Keurig brewer sales during the holiday season contributed meaningfully to our sales growth this past quarter. Equally important, we anticipate it will drive continued strong sales of K-Cups to support a growing installed base of brewers in consumers’ homes.”

He added that even amid a difficult consumer economy, GMCR is driving significant top and bottom line growth with innovative products that have tremendous consumer appeal, offering quality and value.

Estimates are on the Rise

Analysts have been bullish on earnings, boosting forecasts for the current and following fiscal years. For the year ending September 2009, projections of $1.30 per share were increased from $1.24. over the past 2 months. Wall Street is calling for earnings of $1.69 for the following year, up from $1.52 over the past 2 months.

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