Brokerages Anticipate Starbucks Co. (SBUX) to Post $0.53 EPS

Analysts expect that Starbucks Co. (NASDAQ:SBUX) will post earnings of $0.53 per share for the current quarter, according to Zacks. Nine analysts have provided estimates for Starbucks’ earnings. The lowest EPS estimate is $0.50 and the highest is $0.56. Starbucks reported earnings of $0.45 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 17.8%. The business is scheduled to issue its next earnings report on Thursday, April 26th.

On average, analysts expect that Starbucks will report full-year earnings of $2.48 per share for the current fiscal year, with EPS estimates ranging from $2.31 to $2.53. For the next fiscal year, analysts anticipate that the firm will report earnings of $2.80 per share, with EPS estimates ranging from $2.71 to $2.92. Zacks’ earnings per share averages are an average based on a survey of analysts that that provide coverage for Starbucks.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The firm had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $6.19 billion. During the same quarter in the prior year, the company posted $0.52 earnings per share. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year.

SBUX has been the topic of several research reports. OTR Global upgraded shares of Starbucks to a “positive” rating in a report on Thursday, October 26th. Morgan Stanley increased their price target on shares of Starbucks from $62.00 to $67.00 and gave the stock an “overweight” rating in a report on Friday, November 10th. Vetr downgraded shares of Starbucks from a “buy” rating to a “hold” rating and set a $61.72 price target on the stock. in a report on Monday, January 8th. Tigress Financial initiated coverage on shares of Starbucks in a report on Wednesday, December 27th. They issued a “buy” rating on the stock. Finally, Cowen reiterated an “outperform” rating and issued a $62.00 price target (down previously from $63.00) on shares of Starbucks in a report on Tuesday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty-one have assigned a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $64.32.

In other news, Director Craig Weatherup sold 56,666 shares of the stock in a transaction that occurred on Monday, November 20th. The stock was sold at an average price of $56.73, for a total transaction of $3,214,662.18. Following the transaction, the director now owns 56,666 shares in the company, valued at approximately $3,214,662.18. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Paul Mutty sold 3,000 shares of the stock in a transaction that occurred 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 transaction, the senior vice president now owns 10,438 shares in the company, valued at approximately $594,444.10. The disclosure for this sale can be found here. Insiders have sold a total of 660,634 shares of company stock worth $37,843,859 in the last quarter. Insiders own 3.48% of the company’s stock.

Several large investors have recently made changes to their positions in SBUX. Janus Henderson Group PLC raised its holdings in shares of Starbucks by 3,076.5% during the 2nd quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock worth $809,917,000 after acquiring an additional 13,452,551 shares during the period. Parnassus Investments CA purchased a new position in shares of Starbucks during the 3rd quarter worth $498,863,000. Capital International Investors raised its holdings in shares of Starbucks by 28.3% during the 3rd quarter. Capital International Investors now owns 21,269,515 shares of the coffee company’s stock worth $1,142,386,000 after acquiring an additional 4,696,452 shares during the period. Harding Loevner LP purchased a new position in shares of Starbucks during the 3rd quarter worth $128,044,000. Finally, Renaissance Technologies LLC raised its holdings in shares of Starbucks by 539.2% during the 2nd quarter. Renaissance Technologies LLC now owns 3,918,784 shares of the coffee company’s stock worth $228,504,000 after acquiring an additional 3,305,700 shares during the period. Hedge funds and other institutional investors own 71.87% of the company’s stock.

Shares of Starbucks (NASDAQ SBUX) traded up $0.19 during trading hours on Tuesday, reaching $54.88. 9,900,000 shares of the company traded hands, compared to its average volume of 10,750,000. Starbucks has a one year low of $52.58 and a one year high of $64.87. The company has a current ratio of 1.01, a quick ratio of 0.81 and a debt-to-equity ratio of 0.79. The firm has a market cap of $78,080.00, a P/E ratio of 18.11, a PEG ratio of 1.54 and a beta of 0.70.

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th will be given a dividend of $0.30 per share. The ex-dividend date is Wednesday, February 7th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.19%. Starbucks’s dividend payout ratio (DPR) is 39.60%.

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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.

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