Starbucks Corporation (NASDAQ:SBUX) – Research analysts at William Blair raised their Q2 2018 earnings per share estimates for Starbucks Corporation in a note issued to investors on Thursday. William Blair analyst S. Zackfia now forecasts that the coffee company will post earnings per share of $0.52 for the quarter, up from their prior estimate of $0.51. William Blair also issued estimates for Starbucks Corporation’s Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.65 EPS and FY2019 earnings at $2.67 EPS.

Starbucks Corporation (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, July 27th. The coffee company reported $0.55 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.55. Starbucks Corporation had a return on equity of 52.82% and a net margin of 12.93%. The company had revenue of $5.66 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter last year, the business posted $0.49 earnings per share. The firm’s revenue was up 8.1% compared to the same quarter last year.

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Other research analysts have also recently issued research reports about the stock. UBS AG set a $70.00 target price on shares of Starbucks Corporation and gave the company a “buy” rating in a research note on Wednesday, June 28th. Wedbush restated a “hold” rating on shares of Starbucks Corporation in a research note on Friday, July 28th. BTIG Research restated a “buy” rating and set a $64.00 target price on shares of Starbucks Corporation in a research note on Sunday, July 30th. Instinet restated a “buy” rating and set a $67.00 target price (down previously from $70.00) on shares of Starbucks Corporation in a research note on Sunday, July 30th. Finally, Stephens restated an “equal weight” rating and set a $52.00 target price (down previously from $58.00) on shares of Starbucks Corporation in a research note on Friday, September 29th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, nineteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $64.24.

Shares of Starbucks Corporation (SBUX) opened at 54.57 on Monday. The stock has a market cap of $78.79 billion, a P/E ratio of 27.55 and a beta of 0.78. The company has a 50 day moving average price of $54.69 and a 200-day moving average price of $57.61. Starbucks Corporation has a 12 month low of $50.84 and a 12 month high of $64.87.

Several institutional investors and hedge funds have recently made changes to their positions in SBUX. CGOV Asset Management lifted its position in shares of Starbucks Corporation by 5.1% in the 1st quarter. CGOV Asset Management now owns 1,143,123 shares of the coffee company’s stock worth $88,920,000 after purchasing an additional 55,405 shares during the period. Waldron LP lifted its position in shares of Starbucks Corporation by 44.8% in the 1st quarter. Waldron LP now owns 18,119 shares of the coffee company’s stock worth $1,057,000 after purchasing an additional 5,604 shares during the period. C WorldWide Group Holding A S lifted its position in shares of Starbucks Corporation by 111.7% in the 1st quarter. C WorldWide Group Holding A S now owns 304,335 shares of the coffee company’s stock worth $17,770,000 after purchasing an additional 160,589 shares during the period. Norris Perne & French LLP MI lifted its position in shares of Starbucks Corporation by 7.2% in the 1st quarter. Norris Perne & French LLP MI now owns 113,494 shares of the coffee company’s stock worth $6,627,000 after purchasing an additional 7,634 shares during the period. Finally, State Treasurer State of Michigan lifted its position in shares of Starbucks Corporation by 0.6% in the 1st quarter. State Treasurer State of Michigan now owns 478,760 shares of the coffee company’s stock worth $27,955,000 after purchasing an additional 2,800 shares during the period. 70.77% of the stock is owned by hedge funds and other institutional investors.

In other Starbucks Corporation news, Director Jorgen Vig Knudstorp purchased 18,000 shares of the stock in a transaction dated Friday, August 4th. The stock was purchased at an average price of $55.30 per share, with a total value of $995,400.00. Following the transaction, the director now owns 18,000 shares of the company’s stock, valued at $995,400. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Myron E. Ullman III sold 22,966 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $53.41, for a total transaction of $1,226,614.06. Following the completion of the sale, the director now directly owns 36,966 shares of the company’s stock, valued at approximately $1,974,354.06. The disclosure for this sale can be found here. 3.40% of the stock is owned by corporate insiders.

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.

Earnings History and Estimates for Starbucks Corporation (NASDAQ:SBUX)

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