Analysts expect Starbucks Co. (NASDAQ:SBUX) to announce earnings per share (EPS) of $0.53 for the current quarter, Zacks reports. Nine analysts have issued estimates for Starbucks’ earnings, with the lowest EPS estimate coming in at $0.50 and the highest estimate coming in at $0.56. Starbucks reported earnings of $0.45 per share during the same quarter last year, which suggests a positive year over year growth rate of 17.8%. The firm is scheduled to announce its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Starbucks will report full-year earnings of $2.49 per share for the current financial year, with EPS estimates ranging from $2.46 to $2.53. For the next fiscal year, analysts anticipate that the business will post earnings of $2.80 per share, with EPS estimates ranging from $2.71 to $2.92. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Starbucks.
Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 EPS for the quarter, beating analysts’ consensus estimates of $0.57 by $0.01. The business had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.19 billion. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The business’s quarterly revenue was up 5.9% on a year-over-year basis. During the same period last year, the business earned $0.52 earnings per share.
A number of analysts have recently weighed in on SBUX shares. Vetr lowered Starbucks from a “strong-buy” rating to a “buy” rating and set a $64.32 price objective for the company. in a research note on Monday, November 13th. Deutsche Bank dropped their price objective on Starbucks to $62.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. UBS Group dropped their price objective on Starbucks from $67.00 to $64.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Nomura dropped their price objective on Starbucks from $67.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, November 3rd. Finally, Mizuho set a $75.00 price objective on Starbucks and gave the company a “buy” rating in a research note on Wednesday, November 1st. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-two have issued a buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $64.63.
In other Starbucks news, insider Clifford Burrows sold 162,826 shares of the stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total value of $9,284,338.52. Following the completion of the transaction, the insider now owns 331,829 shares in the company, valued at $18,920,889.58. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Myron E. Ullman III sold 25,000 shares of the stock in a transaction on Thursday, February 8th. The stock was sold at an average price of $54.52, for a total value of $1,363,000.00. Following the completion of the transaction, the director now owns 39,000 shares of the company’s stock, valued at approximately $2,126,280. The disclosure for this sale can be found here. In the last quarter, insiders sold 247,826 shares of company stock valued at $14,213,139. 3.40% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of SBUX. Vanguard Group Inc. increased its holdings in shares of Starbucks by 2.1% during the second quarter. Vanguard Group Inc. now owns 94,417,613 shares of the coffee company’s stock valued at $5,505,491,000 after acquiring an additional 1,953,003 shares in the last quarter. Capital World Investors increased its holdings in shares of Starbucks by 2.0% during the second quarter. Capital World Investors now owns 45,458,682 shares of the coffee company’s stock valued at $2,650,696,000 after acquiring an additional 895,432 shares in the last quarter. Magellan Asset Management Ltd increased its holdings in shares of Starbucks by 18.1% during the fourth quarter. Magellan Asset Management Ltd now owns 30,912,781 shares of the coffee company’s stock valued at $1,775,321,000 after acquiring an additional 4,744,675 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of Starbucks by 4.1% during the fourth quarter. Bank of New York Mellon Corp now owns 30,728,508 shares of the coffee company’s stock valued at $1,764,739,000 after acquiring an additional 1,210,393 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Starbucks by 5.2% during the second quarter. Northern Trust Corp now owns 21,452,905 shares of the coffee company’s stock valued at $1,250,919,000 after acquiring an additional 1,060,298 shares in the last quarter. Institutional investors and hedge funds own 71.87% of the company’s stock.
Starbucks (SBUX) traded down $0.70 during trading hours on Friday, hitting $55.40. The stock had a trading volume of 10,172,300 shares, compared to its average volume of 12,046,864. The stock has a market capitalization of $78,170.00, a price-to-earnings ratio of 18.59, a PEG ratio of 1.55 and a beta of 0.70. Starbucks has a 52-week low of $52.58 and a 52-week high of $64.87. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 1.01.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th will be issued a $0.30 dividend. The ex-dividend date is Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a yield of 2.17%. Starbucks’s dividend payout ratio (DPR) is 40.27%.
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Starbucks Company Profile
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.
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