Starbucks Corp. (SBUX) Set to Announce Earnings on Thursday
Starbucks Corp. (NASDAQ:SBUX) will be posting its Q413 quarterly earnings results on Thursday, October 31st. Analysts expect Starbucks Corp. to post earnings of $0.60 per share and revenue of $3.81 billion for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.
Shares of Starbucks Corp. (NASDAQ:SBUX) opened at 79.62 on Wednesday. Starbucks Corp. has a 1-year low of $44.27 and a 1-year high of $75.91. The stock’s 50-day moving average is $72.31 and its 200-day moving average is $64.59. The company has a market cap of $59.826 billion and a price-to-earnings ratio of 38.11. Starbucks Corp. also was the target of unusually large options trading activity on Monday. Traders purchased 10,843 put options on the company. This represents an increase of approximately 206% compared to the typical volume of 3,539 put options.
SBUX has been the subject of a number of recent research reports. Analysts at Ned Davis Research upgraded shares of Starbucks Corp. from a “neutral” rating to a “buy” rating in a research note to investors on Monday, October 21st. On the ratings front, analysts at Piper Jaffray Cos. raised their price target on shares of Starbucks Corp. from $75.00 to $85.00 in a research note to investors on Tuesday, October 8th. They now have an “overweight” rating on the stock. Finally, analysts at JPMorgan Chase & Co. reiterated a “buy” rating on shares of Starbucks Corp. in a research note to investors on Monday, October 7th. They now have a $80.00 price target on the stock. Six investment analysts have rated the stock with a hold rating, twenty-seven have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $75.43.
Starbucks Corporation is a roaster, marketer and retailer of coffee operating in 60 countries. The Company purchases and roasts coffees that it sells, along with handcrafted coffee, tea and other beverages and a variety of fresh food items, through Company-operated stores.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.