Starbucks Co. (SBUX) Expected to Post Earnings of $0.53 Per Share

Equities research analysts expect that Starbucks Co. (NASDAQ:SBUX) will announce earnings per share (EPS) of $0.53 for the current fiscal quarter, according to Zacks Investment Research. Ten analysts have issued estimates for Starbucks’ earnings, with estimates ranging from $0.51 to $0.54. Starbucks posted 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 expected to announce its next earnings results after the market closes on Thursday, April 26th.

According to Zacks, 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 financial year, analysts expect that the business will report earnings of $2.79 per share, with EPS estimates ranging from $2.71 to $2.92. Zacks’ EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Starbucks.

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Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the business earned $0.52 EPS. Starbucks’s revenue was up 5.9% on a year-over-year basis.

A number of research analysts have recently commented on the company. Zacks Investment Research upgraded Starbucks from a “sell” rating to a “hold” rating in a report on Friday. Cowen downgraded Starbucks from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $68.00 to $65.00 in a research note on Friday, April 13th. Vetr raised Starbucks from a “hold” rating to a “buy” rating and set a $59.39 price objective for the company in a research note on Tuesday, April 3rd. BidaskClub raised Starbucks from a “hold” rating to a “buy” rating in a research note on Friday, March 30th. Finally, Wedbush downgraded Starbucks from an “outperform” rating to a “neutral” rating and dropped their price objective for the company from $70.00 to $56.00 in a research note on Thursday, March 29th. Thirteen equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $64.17.

In other news, insider Clifford Burrows sold 162,826 shares of the firm’s stock in a transaction on Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total transaction of $9,284,338.52. Following the sale, the insider now owns 331,829 shares in the company, valued at $18,920,889.58. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Craig Weatherup sold 59,838 shares of the firm’s stock in a transaction on Tuesday, March 13th. The stock was sold at an average price of $60.10, for a total value of $3,596,263.80. Following the sale, the director now owns 26,500 shares in the company, valued at approximately $1,592,650. The disclosure for this sale can be found here. Insiders have sold 247,664 shares of company stock worth $14,243,602 in the last 90 days. Insiders own 3.40% of the company’s stock.

Several hedge funds have recently bought and sold shares of SBUX. Cambridge Investment Research Advisors Inc. raised its holdings in shares of Starbucks by 7.1% during the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 181,476 shares of the coffee company’s stock worth $10,422,000 after acquiring an additional 12,080 shares during the period. D.B. Root & Company LLC bought a new stake in shares of Starbucks in the 4th quarter valued at $700,000. KCM Investment Advisors LLC boosted its stake in shares of Starbucks by 3.8% in the 4th quarter. KCM Investment Advisors LLC now owns 139,432 shares of the coffee company’s stock valued at $8,008,000 after purchasing an additional 5,055 shares during the last quarter. Xact Kapitalforvaltning AB boosted its stake in shares of Starbucks by 6.8% in the 4th quarter. Xact Kapitalforvaltning AB now owns 255,700 shares of the coffee company’s stock valued at $14,685,000 after purchasing an additional 16,391 shares during the last quarter. Finally, Handelsbanken Fonder AB boosted its stake in shares of Starbucks by 9.1% in the 4th quarter. Handelsbanken Fonder AB now owns 300,000 shares of the coffee company’s stock valued at $17,229,000 after purchasing an additional 25,000 shares during the last quarter. Institutional investors and hedge funds own 73.47% of the company’s stock.

Shares of SBUX traded down $0.65 during mid-day trading on Friday, reaching $58.57. The company’s stock had a trading volume of 3,230,472 shares, compared to its average volume of 10,203,189. Starbucks has a 12-month low of $52.58 and a 12-month high of $64.87. The company has a market cap of $83,633.20, a P/E ratio of 28.44, a PEG ratio of 1.65 and a beta of 0.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 1.01.

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Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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Earnings History and Estimates for Starbucks (NASDAQ:SBUX)

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