Equities Analysts Offer Predictions for Starbucks Corporation’s Q1 2018 Earnings (SBUX)
Starbucks Corporation (NASDAQ:SBUX) – Investment analysts at Oppenheimer Holdings issued their Q1 2018 earnings per share (EPS) estimates for shares of Starbucks Corporation in a report released on Thursday. Oppenheimer Holdings analyst B. Bittner forecasts that the coffee company will post earnings of $0.57 per share for the quarter. Oppenheimer Holdings also issued estimates for Starbucks Corporation’s Q2 2018 earnings at $0.49 EPS, Q3 2018 earnings at $0.63 EPS, Q4 2018 earnings at $0.62 EPS, FY2018 earnings at $2.31 EPS and FY2019 earnings at $2.62 EPS.
A number of other brokerages also recently commented on SBUX. Guggenheim downgraded Starbucks Corporation from a “buy” rating to a “neutral” rating in a report on Friday, July 28th. Wedbush restated a “hold” rating on shares of Starbucks Corporation in a report on Friday, July 28th. Jefferies Group LLC restated an “average” rating and set a $65.00 target price on shares of Starbucks Corporation in a report on Friday, July 28th. Stifel Nicolaus downgraded Starbucks Corporation from a “buy” rating to a “hold” rating and decreased their target price for the company from $66.00 to $58.00 in a report on Friday, July 28th. Finally, UBS AG set a $67.00 target price on Starbucks Corporation and gave the company a “buy” rating in a report on Friday, July 28th. Thirteen analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus target price of $63.02.
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Starbucks Corporation (SBUX) opened at $55.75 on Monday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25. The company has a market capitalization of $80,212.55, a P/E ratio of 27.07, a P/E/G ratio of 1.40 and a beta of 0.72. Starbucks Corporation has a twelve month low of $50.84 and a twelve month high of $64.87.
Starbucks Corporation (NASDAQ:SBUX) last released its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.55. The firm had revenue of $5.70 billion during the quarter, compared to analyst estimates of $5.81 billion. Starbucks Corporation had a return on equity of 53.34% and a net margin of 12.89%. The business’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.56 earnings per share.
The company also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Shareholders of record on Thursday, November 16th will be given a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 2.15%. This is a boost from Starbucks Corporation’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Wednesday, November 15th. Starbucks Corporation’s dividend payout ratio (DPR) is presently 50.76%.
In other Starbucks Corporation news, insider John Culver sold 64,776 shares of the firm’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $53.54, for a total value of $3,468,107.04. Following the transaction, the insider now directly owns 390,341 shares of the company’s stock, valued at $20,898,857.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Myron E. Ullman III sold 22,966 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $53.41, for a total value of $1,226,614.06. Following the completion of the transaction, the director now directly owns 36,966 shares in the company, valued at $1,974,354.06. The disclosure for this sale can be found here. Company insiders own 3.40% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Appropriate Balance Financial Services Inc. raised its stake in shares of Starbucks Corporation by 1.6% in the second quarter. Appropriate Balance Financial Services Inc. now owns 839 shares of the coffee company’s stock worth $14,396,000 after buying an additional 13 shares during the period. Jacobi Capital Management LLC raised its stake in shares of Starbucks Corporation by 2.7% in the first quarter. Jacobi Capital Management LLC now owns 1,878 shares of the coffee company’s stock worth $109,000 after buying an additional 50 shares during the period. Gradient Investments LLC raised its stake in shares of Starbucks Corporation by 2.5% in the second quarter. Gradient Investments LLC now owns 1,911 shares of the coffee company’s stock worth $111,000 after buying an additional 46 shares during the period. Sharkey Howes & Javer raised its stake in shares of Starbucks Corporation by 8.5% in the second quarter. Sharkey Howes & Javer now owns 1,924 shares of the coffee company’s stock worth $112,000 after buying an additional 150 shares during the period. Finally, IHT Wealth Management LLC raised its stake in shares of Starbucks Corporation by 10.2% in the first quarter. IHT Wealth Management LLC now owns 2,012 shares of the coffee company’s stock worth $117,000 after buying an additional 187 shares during the period. 70.83% of the stock is currently owned by hedge funds and other institutional investors.
Starbucks Corporation Company Profile
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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