Wall Street brokerages expect Starbucks Co. (NASDAQ:SBUX) to report $0.75 earnings per share (EPS) for the current quarter, Zacks reports. Eight analysts have made estimates for Starbucks’ earnings. The lowest EPS estimate is $0.74 and the highest is $0.78. Starbucks also reported earnings of $0.75 per share during the same quarter last year. The firm is scheduled to announce its next earnings results on Thursday, January 23rd.

According to Zacks, analysts expect that Starbucks will report full year earnings of $3.05 per share for the current year, with EPS estimates ranging from $3.02 to $3.10. For the next year, analysts anticipate that the firm will report earnings of $3.40 per share, with EPS estimates ranging from $3.35 to $3.49. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that cover Starbucks.

Starbucks (NASDAQ:SBUX) last announced its quarterly earnings results on Wednesday, October 30th. The coffee company reported $0.70 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.70. Starbucks had a net margin of 13.58% and a negative return on equity of 75.45%. The business had revenue of $6.75 billion during the quarter, compared to analysts’ expectations of $6.68 billion. During the same period last year, the business earned $0.62 earnings per share. The business’s revenue for the quarter was up 7.0% on a year-over-year basis.

A number of analysts have weighed in on the stock. ValuEngine cut shares of Starbucks from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Barclays raised their price objective on shares of Starbucks from $75.00 to $90.00 and gave the stock an “equal weight” rating in a report on Friday, July 26th. Stifel Nicolaus raised their price objective on shares of Starbucks from $86.00 to $90.00 and gave the stock a “hold” rating in a report on Friday, July 26th. BMO Capital Markets raised their price objective on shares of Starbucks to $84.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. They noted that the move was a valuation call. Finally, Cleveland Research reissued a “hold” rating on shares of Starbucks in a report on Tuesday, September 10th. Nineteen equities research analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus target price of $90.07.

In other Starbucks news, Director Javier G. Teruel sold 59,838 shares of the business’s stock in a transaction on Monday, August 19th. The shares were sold at an average price of $96.92, for a total transaction of $5,799,498.96. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO Jill Walker sold 2,000 shares of the business’s stock in a transaction on Monday, September 9th. The stock was sold at an average price of $95.80, for a total transaction of $191,600.00. Following the sale, the chief accounting officer now owns 39,999 shares in the company, valued at $3,831,904.20. The disclosure for this sale can be found here. Insiders sold a total of 112,885 shares of company stock worth $10,707,543 over the last three months. 3.98% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Enterprise Trust & Investment Co purchased a new stake in shares of Starbucks during the 2nd quarter worth $25,000. 1 North Wealth Services LLC purchased a new stake in shares of Starbucks during the 3rd quarter worth $30,000. Northern Oak Wealth Management Inc. boosted its position in shares of Starbucks by 95.7% during the 2nd quarter. Northern Oak Wealth Management Inc. now owns 362 shares of the coffee company’s stock worth $31,000 after purchasing an additional 177 shares in the last quarter. Redhawk Wealth Advisors Inc. purchased a new stake in shares of Starbucks during the 2nd quarter worth $32,000. Finally, Candriam Luxembourg S.C.A. boosted its position in shares of Starbucks by 3.9% during the 3rd quarter. Candriam Luxembourg S.C.A. now owns 373,364 shares of the coffee company’s stock worth $33,000 after purchasing an additional 14,069 shares in the last quarter. Institutional investors own 70.15% of the company’s stock.

Shares of SBUX traded down $0.17 during trading on Friday, reaching $84.21. 7,472,900 shares of the company traded hands, compared to its average volume of 7,068,125. Starbucks has a twelve month low of $60.42 and a twelve month high of $99.72. The stock has a 50-day simple moving average of $84.87 and a 200-day simple moving average of $86.76. The stock has a market cap of $101.00 billion, a PE ratio of 29.76, a price-to-earnings-growth ratio of 2.09 and a beta of 0.53.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Wednesday, November 13th will be paid a $0.41 dividend. This is a boost from Starbucks’s previous quarterly dividend of $0.36. This represents a $1.64 annualized dividend and a yield of 1.95%. The ex-dividend date of this dividend is Tuesday, November 12th. Starbucks’s payout ratio is currently 57.95%.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

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