Wall Street brokerages expect Starbucks Co. (NASDAQ:SBUX) to announce $0.53 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Nine analysts have issued estimates for Starbucks’ earnings. The lowest EPS estimate is $0.50 and the highest is $0.56. Starbucks posted earnings per share of $0.45 during the same quarter last year, which would suggest a positive year over year growth rate of 17.8%. The firm is expected to report its next quarterly earnings report on Thursday, April 26th.
On average, analysts expect that Starbucks will report full-year earnings of $2.49 per share for the current fiscal year, with EPS estimates ranging from $2.46 to $2.53. For the next year, analysts expect that the company will post earnings of $2.80 per share, with EPS estimates ranging from $2.71 to $2.92. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that follow Starbucks.
Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, topping the 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 company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same quarter in the previous year, the company posted $0.52 EPS. The firm’s quarterly revenue was up 5.9% on a year-over-year basis.
Shares of Starbucks (SBUX) traded up $0.80 on Monday, reaching $59.26. 4,820,000 shares of the company’s stock traded hands, compared to its average volume of 13,310,000. Starbucks has a 52 week low of $52.58 and a 52 week high of $64.87. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 1.01. The firm has a market cap of $83,290.00, a PE ratio of 18.93, a PEG ratio of 1.62 and a beta of 0.67.
The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Thursday, February 8th were issued a $0.30 dividend. The ex-dividend date of this dividend was Wednesday, February 7th. This represents a $1.20 annualized dividend and a yield of 2.02%. Starbucks’s dividend payout ratio (DPR) is currently 38.34%.
In other Starbucks news, Director Myron E. Ullman III sold 25,000 shares of the business’s stock in a transaction dated Thursday, February 8th. The shares were sold at an average price of $54.52, for a total transaction of $1,363,000.00. Following the sale, the director now directly owns 39,000 shares in the company, valued at $2,126,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Clifford Burrows sold 162,826 shares of the business’s stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total transaction of $9,284,338.52. Following the sale, the insider now owns 331,829 shares in the company, valued at $18,920,889.58. The disclosure for this sale can be found here. 3.48% of the stock is currently owned by insiders.
A number of large investors have recently modified their holdings of the business. Middleton & Co Inc MA boosted its stake in shares of Starbucks by 11.8% during the 3rd quarter. Middleton & Co Inc MA now owns 98,873 shares of the coffee company’s stock valued at $5,310,000 after purchasing an additional 10,458 shares in the last quarter. WINTON GROUP Ltd boosted its holdings in shares of Starbucks by 29.7% in the 2nd quarter. WINTON GROUP Ltd now owns 27,191 shares of the coffee company’s stock valued at $1,586,000 after buying an additional 6,225 shares in the last quarter. Janus Henderson Group PLC boosted its holdings in shares of Starbucks by 3,076.5% in the 2nd quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock valued at $809,917,000 after buying an additional 13,452,551 shares in the last quarter. Honeywell International Inc. boosted its holdings in shares of Starbucks by 11.9% in the 3rd quarter. Honeywell International Inc. now owns 709,062 shares of the coffee company’s stock valued at $38,084,000 after buying an additional 75,400 shares in the last quarter. Finally, Handelsbanken Fonder AB boosted its holdings in shares of Starbucks by 7.8% in the 3rd quarter. Handelsbanken Fonder AB now owns 275,000 shares of the coffee company’s stock valued at $14,770,000 after buying an additional 20,000 shares in the last quarter. Institutional investors own 73.63% of the company’s stock.
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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