News coverage about Starbucks (NASDAQ:SBUX) has trended somewhat negative recently, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative press coverage by analyzing more than six thousand news and blog sources in real-time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores nearest to five being the most favorable. Starbucks earned a coverage optimism score of -1.58 on their scale. InfoTrie also gave media coverage about the coffee company an news buzz score of 10 out of 10, indicating that recent press coverage is extremely likely to have an effect on the company’s share price in the near future.
Here are some of the news stories that may have impacted Starbucks’ ranking:
Shares of SBUX opened at $61.53 on Friday. Starbucks has a 1-year low of $47.37 and a 1-year high of $68.98. The firm has a market capitalization of $79.89 billion, a P/E ratio of 25.43, a P/E/G ratio of 1.81 and a beta of 0.53. The company has a debt-to-equity ratio of 7.73, a current ratio of 2.20 and a quick ratio of 1.95.
Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Thursday, November 1st. The coffee company reported $0.62 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.02. Starbucks had a net margin of 18.28% and a return on equity of 86.33%. The firm had revenue of $6.30 billion during the quarter, compared to analysts’ expectations of $6.28 billion. During the same period in the previous year, the company earned $0.55 earnings per share. Starbucks’s quarterly revenue was up 10.6% compared to the same quarter last year. As a group, sell-side analysts predict that Starbucks will post 2.64 earnings per share for the current fiscal year.
Several equities research analysts have recently issued reports on the stock. Wedbush reaffirmed a “hold” rating and set a $53.00 price objective on shares of Starbucks in a research report on Tuesday, September 18th. Wells Fargo & Co lifted their price objective on shares of Starbucks from $60.00 to $64.00 and gave the stock an “outperform” rating in a research report on Wednesday, October 17th. BidaskClub cut shares of Starbucks from a “strong-buy” rating to a “buy” rating in a research report on Friday, November 2nd. Telsey Advisory Group lifted their price objective on shares of Starbucks from $58.00 to $62.00 and gave the stock an “outperform” rating in a research report on Monday, October 29th. Finally, UBS Group set a $72.00 price objective on shares of Starbucks and gave the stock a “buy” rating in a research report on Friday, November 2nd. Two investment analysts have rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $66.23.
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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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