Starbucks (SBUX) to Release Earnings on Tuesday

Starbucks (NASDAQ:SBUX) is scheduled to release its earnings data after the market closes on Tuesday, April 30th. Analysts expect Starbucks to post earnings of $0.81 per share for the quarter. Persons that are interested in registering for the company’s earnings conference call can do so using this link.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The business had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The firm’s revenue for the quarter was up 8.2% on a year-over-year basis. During the same period in the previous year, the business posted $0.75 earnings per share. On average, analysts expect Starbucks to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Starbucks Price Performance

Shares of NASDAQ:SBUX opened at $88.25 on Friday. The business’s 50 day moving average price is $90.36 and its 200-day moving average price is $94.28. The firm has a market capitalization of $99.92 billion, a PE ratio of 23.60, a P/E/G ratio of 1.48 and a beta of 0.97. Starbucks has a 1 year low of $84.29 and a 1 year high of $115.48.

Starbucks Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be paid a $0.57 dividend. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks’s dividend payout ratio is presently 60.96%.

Insider Activity

In related news, insider Michael Aaron Conway sold 3,250 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $94.03, for a total transaction of $305,597.50. Following the transaction, the insider now owns 84,153 shares of the company’s stock, valued at approximately $7,912,906.59. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Insiders have sold a total of 7,250 shares of company stock valued at $651,738 in the last quarter. Insiders own 1.98% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on SBUX. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $105.00 price target on shares of Starbucks in a research note on Monday, April 1st. Robert W. Baird lowered their price target on Starbucks from $106.00 to $100.00 and set a “neutral” rating on the stock in a research note on Monday, March 18th. Piper Sandler dropped their target price on Starbucks from $107.00 to $100.00 and set a “neutral” rating for the company in a report on Friday, January 19th. Oppenheimer restated a “market perform” rating on shares of Starbucks in a report on Friday, April 19th. Finally, BTIG Research dropped their target price on Starbucks from $125.00 to $115.00 and set a “buy” rating for the company in a report on Wednesday, January 31st. Fourteen equities research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to data from MarketBeat, Starbucks currently has an average rating of “Hold” and a consensus target price of $106.55.

Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.