Equities analysts predict that Starbucks Co. (NASDAQ:SBUX) will report $5.90 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Nine analysts have made estimates for Starbucks’ earnings. The highest sales estimate is $6.00 billion and the lowest is $5.76 billion. Starbucks reported sales of $5.29 billion during the same quarter last year, which would suggest a positive year over year growth rate of 11.5%. The business is expected to announce its next quarterly earnings results on Thursday, April 26th.
On average, analysts expect that Starbucks will report full year sales of $5.90 billion for the current year, with estimates ranging from $24.44 billion to $24.92 billion. For the next fiscal year, analysts forecast that the business will report sales of $27.01 billion per share, with estimates ranging from $26.29 billion to $27.55 billion. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow Starbucks.
Starbucks (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, January 25th. The coffee company reported $0.58 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.57 by $0.01. The firm had revenue of $6.07 billion for the quarter, compared to analyst estimates of $6.19 billion. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The company’s revenue for the quarter was up 5.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.52 EPS.
Starbucks (SBUX) opened at $59.05 on Wednesday. The firm has a market cap of $83,492.64, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 1.64 and a beta of 0.66. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.01 and a quick ratio of 0.81. Starbucks has a 12 month low of $52.58 and a 12 month high of $64.87.
The business also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Thursday, February 8th were given a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date was Wednesday, February 7th. Starbucks’s payout ratio is 39.60%.
In related news, Director Myron E. Ullman III sold 25,000 shares of the stock in a transaction dated Thursday, February 8th. The stock was sold at an average price of $54.52, for a total transaction of $1,363,000.00. Following the completion of the sale, the director now owns 39,000 shares in the company, valued at $2,126,280. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Clifford Burrows sold 162,826 shares of the stock in a transaction dated Wednesday, January 31st. The stock was sold at an average price of $57.02, for a total value of $9,284,338.52. Following the sale, the insider now owns 331,829 shares of the company’s stock, valued at approximately $18,920,889.58. The disclosure for this sale can be found here. Company insiders own 3.48% of the company’s stock.
Large investors have recently added to or reduced their stakes in the stock. Taylor Hoffman Wealth Management bought a new position in Starbucks during the fourth quarter valued at approximately $107,000. Sumitomo Mitsui Financial Group Inc. bought a new stake in shares of Starbucks in the 3rd quarter valued at approximately $111,000. Prime Capital Investment Advisors LLC bought a new stake in shares of Starbucks in the 4th quarter valued at approximately $113,000. Jacobi Capital Management LLC lifted its stake in shares of Starbucks by 6.9% in the 2nd quarter. Jacobi Capital Management LLC now owns 2,007 shares of the coffee company’s stock valued at $116,000 after purchasing an additional 129 shares during the last quarter. Finally, Gradient Investments LLC bought a new stake in shares of Starbucks in the 4th quarter valued at approximately $117,000. Hedge funds and other institutional investors own 73.63% of the company’s stock.
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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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