Starbucks Co. Expected to Earn FY2018 Earnings of $2.32 Per Share (SBUX)

Starbucks Co. (NASDAQ:SBUX) – Analysts at William Blair lowered their FY2018 EPS estimates for shares of Starbucks in a research note issued on Monday. William Blair analyst S. Zackfia now expects that the coffee company will earn $2.32 per share for the year, down from their prior estimate of $2.33. William Blair also issued estimates for Starbucks’ Q4 2018 earnings at $0.64 EPS and FY2019 earnings at $2.64 EPS.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. The firm had revenue of $5.70 billion for the quarter, compared to the consensus estimate of $5.81 billion. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The business’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the company posted $0.56 EPS.

SBUX has been the topic of several other reports. UBS Group dropped their target price on shares of Starbucks from $67.00 to $64.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. Mizuho set a $75.00 price objective on shares of Starbucks and gave the company a “buy” rating in a report on Wednesday, November 1st. Morgan Stanley lifted their price objective on shares of Starbucks from $62.00 to $67.00 and gave the company an “overweight” rating in a report on Friday, November 10th. Vetr downgraded shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 price objective on the stock. in a report on Thursday, November 2nd. Finally, Deutsche Bank lowered their price objective on shares of Starbucks to $62.00 and set a “buy” rating on the stock in a report on Friday, November 3rd. One analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Starbucks currently has an average rating of “Buy” and a consensus target price of $63.88.

Shares of Starbucks (NASDAQ:SBUX) traded up $0.15 during mid-day trading on Tuesday, reaching $61.41. 11,945,700 shares of the company’s stock traded hands, compared to its average volume of 7,535,043. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. The firm has a market cap of $87,880.00, a P/E ratio of 31.17, a P/E/G ratio of 1.66 and a beta of 0.76. Starbucks has a 52-week low of $52.58 and a 52-week high of $64.87.

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

Several large investors have recently added to or reduced their stakes in SBUX. Vanguard Group Inc. boosted its position in Starbucks by 2.1% during the second quarter. Vanguard Group Inc. now owns 94,417,613 shares of the coffee company’s stock worth $5,505,491,000 after purchasing an additional 1,953,003 shares during the period. Capital World Investors boosted its position in Starbucks by 2.0% during the second quarter. Capital World Investors now owns 45,458,682 shares of the coffee company’s stock worth $2,650,696,000 after purchasing an additional 895,432 shares during the period. Northern Trust Corp boosted its position in Starbucks by 5.2% during the second quarter. Northern Trust Corp now owns 21,452,905 shares of the coffee company’s stock worth $1,250,919,000 after purchasing an additional 1,060,298 shares during the period. Capital International Investors boosted its position in Starbucks by 28.3% during the third quarter. Capital International Investors now owns 21,269,515 shares of the coffee company’s stock worth $1,142,386,000 after purchasing an additional 4,696,452 shares during the period. Finally, Ameriprise Financial Inc. boosted its position in Starbucks by 12.8% during the second quarter. Ameriprise Financial Inc. now owns 15,980,105 shares of the coffee company’s stock worth $931,909,000 after purchasing an additional 1,809,166 shares during the period. 70.76% of the stock is owned by institutional investors and hedge funds.

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About Starbucks

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 (NASDAQ:SBUX)

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