Analysts predict that Starbucks (NASDAQ:SBUX) will announce earnings per share (EPS) of $0.65 for the current quarter, Zacks reports. Eight analysts have made estimates for Starbucks earnings. The lowest EPS estimate is $0.63 and the highest is $0.67. Starbucks reported earnings of $0.55 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 18.2%. The firm is scheduled to announce its next quarterly earnings results on Thursday, July 26th.
According to Zacks, analysts expect that Starbucks will report full-year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.46 to $2.52. For the next year, analysts forecast that the company will post earnings of $2.77 per share, with EPS estimates ranging from $2.71 to $2.82. Zacks earnings per share averages are a mean average based on a survey of research firms that follow Starbucks.
Starbucks (NASDAQ:SBUX) last released its earnings results on Thursday, April 26th. The coffee company reported $0.53 EPS for the quarter, hitting analysts consensus estimates of $0.53. Starbucks had a return on equity of 57.76% and a net margin of 18.71%. The firm had revenue of $6.03 billion for the quarter, compared to analysts expectations of $5.93 billion. During the same period in the prior year, the firm posted $0.45 earnings per share. The companys quarterly revenue was up 13.9% on a year-over-year basis.
Several equities research analysts recently commented on SBUX shares. Wedbush reaffirmed a hold rating and set a $58.00 price objective on shares of Starbucks in a research report on Friday, April 27th. Oppenheimer reaffirmed an outperform rating on shares of Starbucks in a research report on Friday, April 27th. Piper Jaffray reaffirmed an overweight rating on shares of Starbucks in a research report on Friday, April 27th. Zacks Investment Research raised Starbucks from a sell rating to a hold rating in a research report on Friday, April 20th. Finally, Vetr raised Starbucks from a hold rating to a buy rating and set a $59.39 price objective on the stock in a research report on Monday, March 26th. Thirteen equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the companys stock. The stock has a consensus rating of Buy and an average target price of $64.25.
Shares of NASDAQ SBUX traded down $0.75 during trading on Wednesday, reaching $57.38. The company had a trading volume of 1,535,647 shares, compared to its average volume of 10,166,896. Starbucks has a 12-month low of $52.58 and a 12-month high of $64.87. The stock has a market cap of $80,920.39, a P/E ratio of 27.84, a P/ E/G ratio of 1.60 and a beta of 0.63. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.79.
Starbucks declared that its Board of Directors has initiated a stock repurchase program on Thursday, April 26th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the coffee company to repurchase shares of its stock through open market purchases. Shares repurchase programs are usually a sign that the companys board believes its stock is undervalued.
The company also recently announced a quarterly dividend, which will be paid on Friday, May 25th. Shareholders of record on Thursday, May 10th will be given a $0.30 dividend. The ex-dividend date is Wednesday, May 9th. This represents a $1.20 annualized dividend and a yield of 2.09%. Starbuckss payout ratio is 58.25%.
In other news, Director Craig Weatherup sold 59,838 shares of the firms stock in a transaction dated 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 transaction, the director now owns 26,500 shares of the companys stock, valued at $1,592,650. The transaction was disclosed in a filing with the Securities &Exchange Commission, which can be accessed through this link. Also, Director Myron E. Ullman III sold 25,000 shares of the firms stock in a transaction dated 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 directly owns 39,000 shares in the company, valued at approximately $2,126,280. The disclosure for this sale can be found here. 3.48% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. BT Investment Management Ltd raised its stake in Starbucks by 165.3% during the 3rd quarter. BT Investment Management Ltd now owns 195,365 shares of the coffee companys stock valued at $10,498,000 after purchasing an additional 121,725 shares during the period. Ledyard National Bank raised its stake in Starbucks by 2.3% during the 4th quarter. Ledyard National Bank now owns 135,394 shares of the coffee companys stock valued at $7,775,000 after purchasing an additional 3,025 shares during the period. MAI Capital Management raised its stake in Starbucks by 4.5% during the 4th quarter. MAI Capital Management now owns 21,389 shares of the coffee companys stock valued at $1,228,000 after purchasing an additional 912 shares during the period. Trust Co. of Vermont raised its stake in Starbucks by 11.1% during the 4th quarter. Trust Co. of Vermont now owns 135,585 shares of the coffee companys stock valued at $7,787,000 after purchasing an additional 13,566 shares during the period. Finally, Monetta Financial Services Inc. bought a new stake in Starbucks during the 4th quarter valued at approximately $1,317,000. 73.56% of the stock is currently owned by hedge funds and other institutional investors.
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