Starbucks (SBUX) to Release Earnings on Thursday

Starbucks (NASDAQ:SBUX) is scheduled to be releasing its earnings data after the market closes on Thursday, January 25th. Analysts expect Starbucks to post earnings of $0.57 per share for the quarter. Starbucks has set its FY18 guidance at $2.30-2.33 EPS.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.55. The firm had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.81 billion. Starbucks had a return on equity of 53.34% and a net margin of 12.89%. The business’s revenue was down .2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.56 earnings per share. On average, analysts expect Starbucks to post $2 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Starbucks (NASDAQ SBUX) opened at $60.66 on Thursday. 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 capitalization of $86,310.00, a P/E ratio of 30.79, a P/E/G ratio of 1.64 and a beta of 0.76. Starbucks has a twelve month low of $52.58 and a twelve month high of $64.87.

In other news, Director Joshua Cooper Ramo sold 60,000 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $59.43, for a total value of $3,565,800.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Paul Mutty sold 3,000 shares of the stock in a transaction on Tuesday, November 14th. The stock was sold at an average price of $56.95, for a total value of $170,850.00. Following the completion of the sale, the senior vice president now directly owns 10,438 shares in the company, valued at $594,444.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 497,808 shares of company stock valued at $28,559,521. 3.40% of the stock is owned by corporate insiders.

An institutional investor recently bought a new position in Starbucks stock. Verition Fund Management LLC bought a new position in Starbucks Co. (NASDAQ:SBUX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 18,219 shares of the coffee company’s stock, valued at approximately $1,062,000. Institutional investors own 70.72% of the company’s stock.

SBUX has been the subject of a number of recent analyst reports. Mizuho set a $75.00 target price on Starbucks and gave the company a “buy” rating in a report on Wednesday, November 1st. Deutsche Bank restated a “buy” rating and set a $67.00 target price on shares of Starbucks in a report on Monday, October 9th. Piper Jaffray Companies set a $70.00 target price on Starbucks and gave the company a “buy” rating in a report on Wednesday, October 11th. Vetr downgraded Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 target price for the company. in a report on Thursday, November 2nd. Finally, Nomura decreased their target price on Starbucks from $67.00 to $63.00 and set a “buy” rating for the company in a report on Friday, November 3rd. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $63.36.

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Starbucks 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 for Starbucks (NASDAQ:SBUX)

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