Analysts Expect Starbucks Corporation (SBUX) to Post $0.57 Earnings Per Share
Equities analysts expect that Starbucks Corporation (NASDAQ:SBUX) will post $0.57 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Nine analysts have issued estimates for Starbucks Corporation’s earnings. The lowest EPS estimate is $0.56 and the highest is $0.58. Starbucks Corporation posted earnings per share of $0.52 during the same quarter last year, which suggests a positive year over year growth rate of 9.6%. The business is expected to report its next quarterly earnings report on Thursday, January 25th.
On average, analysts expect that Starbucks Corporation will report full-year earnings of $2.31 per share for the current financial year, with EPS estimates ranging from $2.28 to $2.33. For the next year, analysts forecast that the company will report earnings of $2.62 per share, with EPS estimates ranging from $2.56 to $2.68. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that that provide coverage for Starbucks Corporation.
Starbucks Corporation (NASDAQ:SBUX) last posted its earnings results on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.55. Starbucks Corporation had a net margin of 12.89% and a return on equity of 53.34%. The firm had revenue of $5.70 billion during the quarter, compared to analysts’ expectations of $5.81 billion. During the same period last year, the company posted $0.56 EPS. The company’s quarterly revenue was down .2% compared to the same quarter last year.
Several research analysts recently issued reports on SBUX shares. Piper Jaffray Companies reiterated a “buy” rating and issued a $70.00 price target on shares of Starbucks Corporation in a research note on Friday, July 14th. Zacks Investment Research raised shares of Starbucks Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 20th. Cowen and Company reissued an “outperform” rating and issued a $66.00 price objective on shares of Starbucks Corporation in a report on Friday, July 21st. Wedbush reissued a “neutral” rating and issued a $60.00 price objective (down previously from $65.00) on shares of Starbucks Corporation in a report on Saturday, July 22nd. Finally, Sanford C. Bernstein reaffirmed an “outperform” rating and set a $67.00 price target on shares of Starbucks Corporation in a report on Tuesday, July 25th. Twelve research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company’s stock. Starbucks Corporation currently has a consensus rating of “Buy” and an average target price of $63.31.
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In related news, Director Myron E. Ullman III sold 22,966 shares of the firm’s stock in a transaction dated Thursday, September 7th. The shares were sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the sale, the director now directly owns 36,966 shares in the company, valued at approximately $1,974,354.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Culver sold 64,776 shares of the firm’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the completion of the sale, the insider now owns 390,341 shares of the company’s stock, valued at $20,898,857.14. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 150,708 shares of company stock valued at $8,322,192. Company insiders own 3.40% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Jacobi Capital Management LLC lifted its holdings in shares of Starbucks Corporation by 2.7% during the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after purchasing an additional 50 shares during the period. Gradient Investments LLC increased its position in shares of Starbucks Corporation by 2.5% during the second quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock worth $111,000 after acquiring an additional 46 shares in the last quarter. Sharkey Howes & Javer boosted its holdings in Starbucks Corporation by 8.5% during the second quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock worth $112,000 after purchasing an additional 150 shares during the last quarter. IHT Wealth Management LLC boosted its stake in Starbucks Corporation by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock valued at $117,000 after acquiring an additional 187 shares during the last quarter. Finally, TrimTabs Asset Management LLC purchased a new stake in shares of Starbucks Corporation during the 1st quarter valued at approximately $122,000. 70.83% of the stock is currently owned by institutional investors and hedge funds.
Shares of Starbucks Corporation (SBUX) traded down $0.32 during trading on Friday, hitting $57.04. 7,930,300 shares of the company traded hands, compared to its average volume of 9,421,873. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25. The company has a market cap of $82,116.58, a price-to-earnings ratio of 27.71, a price-to-earnings-growth ratio of 1.57 and a beta of 0.72. Starbucks Corporation has a 52 week low of $52.58 and a 52 week high of $64.87.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be paid a $0.30 dividend. The ex-dividend date of this dividend is Wednesday, November 15th. This is a positive change from Starbucks Corporation’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.10%. Starbucks Corporation’s dividend payout ratio is presently 50.76%.
Starbucks Corporation 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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