Analysts expect Starbucks Co. (NASDAQ:SBUX) to report earnings per share (EPS) of $0.60 for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Starbucks’ earnings. The lowest EPS estimate is $0.58 and the highest is $0.61. Starbucks posted earnings of $0.55 per share in the same quarter last year, which indicates a positive year over year growth rate of 9.1%. The firm is scheduled to announce its next quarterly earnings results after the market closes on Thursday, July 26th.
According to Zacks, analysts expect that Starbucks will report full year earnings of $2.41 per share for the current fiscal year, with EPS estimates ranging from $2.39 to $2.49. For the next year, analysts expect that the business will post earnings of $2.66 per share, with EPS estimates ranging from $2.56 to $2.75. Zacks’ EPS averages are an average based on a survey of sell-side analysts that that provide coverage for Starbucks.
Starbucks (NASDAQ:SBUX) last posted its earnings results on Thursday, April 26th. The coffee company reported $0.53 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.53. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.93 billion. Starbucks had a net margin of 18.71% and a return on equity of 60.33%. The company’s revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.45 earnings per share.
SBUX has been the subject of a number of analyst reports. UBS Group set a $64.00 target price on shares of Starbucks and gave the company a “buy” rating in a research note on Friday, March 9th. Wedbush lowered shares of Starbucks from an “outperform” rating to a “neutral” rating and dropped their price target for the company from $70.00 to $56.00 in a research report on Thursday, March 29th. Vetr lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $60.26 price target on the stock. in a research report on Monday, March 12th. Zacks Investment Research lowered shares of Starbucks from a “buy” rating to a “hold” rating in a research report on Tuesday, March 6th. Finally, Cowen lowered shares of Starbucks from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $68.00 to $65.00 in a research report on Friday, April 13th. Two research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and sixteen have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $61.44.
Institutional investors and hedge funds have recently bought and sold shares of the business. Bedel Financial Consulting Inc. acquired a new stake in shares of Starbucks in the 1st quarter valued at $104,000. Taylor Hoffman Wealth Management acquired a new stake in shares of Starbucks in the 4th quarter valued at $107,000. Prime Capital Investment Advisors LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at $113,000. Gradient Investments LLC acquired a new stake in shares of Starbucks in the 4th quarter valued at $117,000. Finally, Transamerica Financial Advisors Inc. acquired a new stake in shares of Starbucks in the 1st quarter valued at $118,000. Hedge funds and other institutional investors own 72.05% of the company’s stock.
Starbucks traded up $0.31, reaching $48.85, during trading on Friday, according to MarketBeat.com. The company’s stock had a trading volume of 17,314,525 shares, compared to its average volume of 16,057,379. The company has a quick ratio of 0.83, a current ratio of 1.09 and a debt-to-equity ratio of 1.31. The stock has a market capitalization of $66.99 billion, a PE ratio of 23.71, a price-to-earnings-growth ratio of 1.44 and a beta of 0.61. Starbucks has a 1-year low of $47.37 and a 1-year high of $61.94.
Starbucks announced that its board has authorized a share buyback program on Thursday, April 26th that allows the company to buyback 0 outstanding shares. This buyback authorization allows the coffee company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
The firm also recently declared a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Thursday, August 9th will be paid a dividend of $0.36 per share. The ex-dividend date is Wednesday, August 8th. This represents a $1.44 dividend on an annualized basis and a yield of 2.95%. This is an increase from Starbucks’s previous quarterly dividend of $0.30. Starbucks’s payout ratio is currently 58.25%.
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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