Starbucks Co. (SBUX) Expected to Post Quarterly Sales of $5.90 Billion
Analysts forecast that Starbucks Co. (NASDAQ:SBUX) will post sales of $5.90 billion for the current quarter, Zacks reports. Nine analysts have issued estimates for Starbucks’ earnings. The highest sales estimate is $6.00 billion and the lowest is $5.76 billion. Starbucks posted sales of $5.29 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 11.5%. The business is expected to report its next quarterly earnings report on Thursday, April 26th.
According to Zacks, analysts expect that Starbucks will report full-year sales of $5.90 billion for the current financial year, with estimates ranging from $24.44 billion to $24.92 billion. For the next financial year, analysts anticipate that the business will post sales of $27.02 billion per share, with estimates ranging from $26.29 billion to $27.55 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover Starbucks.
Starbucks (NASDAQ:SBUX) last issued its earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.57 by $0.01. The company had revenue of $6.07 billion for the quarter, compared to the consensus estimate of $6.19 billion. Starbucks had a return on equity of 56.35% and a net margin of 19.28%. The firm’s quarterly revenue was up 5.9% on a year-over-year basis. During the same quarter last year, the company earned $0.52 EPS.
In related news, Director Myron E. Ullman III sold 25,000 shares of the business’s stock in a transaction on 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 transaction, the director now owns 39,000 shares in the company, valued at approximately $2,126,280. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Craig Weatherup sold 59,838 shares of the business’s stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $60.10, for a total value of $3,596,263.80. Following the transaction, the director now owns 26,500 shares of the company’s stock, valued at approximately $1,592,650. The disclosure for this sale can be found here. In the last quarter, insiders sold 247,664 shares of company stock valued at $14,243,602. Company insiders own 3.40% of the company’s stock.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Ken Stern & Associates Inc. boosted its holdings in Starbucks by 0.4% during the 2nd quarter. Ken Stern & Associates Inc. now owns 5,662 shares of the coffee company’s stock valued at $330,000 after acquiring an additional 23 shares during the period. Risk Paradigm Group LLC lifted its holdings in shares of Starbucks by 0.7% in the 2nd quarter. Risk Paradigm Group LLC now owns 7,470 shares of the coffee company’s stock worth $436,000 after buying an additional 50 shares during the period. South Texas Money Management Ltd. lifted its holdings in shares of Starbucks by 0.3% in the 2nd quarter. South Texas Money Management Ltd. now owns 23,826 shares of the coffee company’s stock worth $1,389,000 after buying an additional 75 shares during the period. Optimum Investment Advisors lifted its holdings in shares of Starbucks by 0.4% in the 2nd quarter. Optimum Investment Advisors now owns 22,765 shares of the coffee company’s stock worth $1,327,000 after buying an additional 84 shares during the period. Finally, Green Square Capital LLC lifted its holdings in shares of Starbucks by 1.0% in the 2nd quarter. Green Square Capital LLC now owns 9,780 shares of the coffee company’s stock worth $570,000 after buying an additional 100 shares during the period. Institutional investors own 73.63% of the company’s stock.
Shares of Starbucks (NASDAQ SBUX) traded down $0.37 on Wednesday, reaching $59.00. The company had a trading volume of 12,581,118 shares, compared to its average volume of 11,200,000. The company has a market cap of $82,410.00, a P/E ratio of 18.85, a PEG ratio of 1.64 and a beta of 0.67. 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 current ratio of 1.01 and a quick ratio of 0.81.
The business also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Stockholders of record on Thursday, February 8th were issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date of this dividend was Wednesday, February 7th. Starbucks’s dividend payout ratio (DPR) is 38.34%.
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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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