Equities analysts forecast that Starbucks Co. will announce earnings per share of $0.61 for the current fiscal quarter. Ten analysts have provided estimates for Starbucks' earnings. The highest EPS estimate is $0.68 and the lowest is $0.58. Starbucks posted earnings of $0.62 per share during the same quarter last year, which would indicate a negative year-over-year growth rate of 1.6%. The business is expected to announce its next quarterly earnings report on Monday, January 1st.
On average, analysts expect that Starbucks will report full year earnings of $3.35 per share for the current fiscal year, with EPS estimates ranging from $3.27 to $3.43. For the next fiscal year, analysts forecast that the firm will post earnings of $3.94 per share, with EPS estimates ranging from $3.81 to $4.15. Zacks Investment Research's EPS averages are a mean average based on a survey of sell-side research firms that that provide coverage for Starbucks.
Starbucks (NASDAQ:SBUX-Get Rating) last released its quarterly earnings results on Tuesday, February 1st. The coffee company reported $0.72 earnings per share for the quarter, missing analysts' consensus estimates of $0.80 by ($0.08). Starbucks had a negative return on equity of 56.17% and a net margin of 14.47%. The firm had revenue of $8.05 billion for the quarter, compared to analyst estimates of $7.95 billion. During the same period last year, the company earned $0.61 EPS. The company's revenue was up 19.3% compared to the same quarter last year.
A number of research firms have weighed in on SBUX. Piper Sandler reduced their price target on Starbucks from $108.00 to $100.00 and set a "neutral" rating for the company in a research report on Wednesday, February 2nd. Royal Bank of Canada cut their price objective on Starbucks from $122.00 to $108.00 and set a "sector perform" rating for the company in a report on Wednesday, February 2nd. UBS Group cut their price objective on Starbucks from $115.00 to $105.00 and set a "neutral" rating for the company in a report on Wednesday, February 2nd. Barclays cut their price objective on Starbucks from $136.00 to $125.00 and set an "overweight" rating for the company in a report on Wednesday, February 2nd. Finally, Cowen cut their price objective on Starbucks from $125.00 to $115.00 and set an "outperform" rating for the company in a report on Wednesday, February 2nd. Thirteen analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $114.42.
A number of hedge funds have recently bought and sold shares of SBUX. Bell Investment Advisors Inc bought a new position in Starbucks during the 3rd quarter worth $25,000. Steward Financial Group LLC bought a new position in shares of Starbucks in the fourth quarter worth $25,000. PYA Waltman Capital LLC bought a new position in shares of Starbucks in the fourth quarter worth $25,000. Rational Advisors LLC increased its position in shares of Starbucks by 141.4% in the fourth quarter. Rational Advisors LLC now owns 210 shares of the coffee company's stock worth $25,000 after purchasing an additional 123 shares during the period. Finally, Guardian Wealth Management Inc. bought a new position in shares of Starbucks in the fourth quarter worth $25,000. Hedge funds and other institutional investors own 69.74% of the company's stock.
NASDAQ:SBUXtraded up $0.33 during trading hours on Friday, reaching $87.45. 7,048,152 shares of the stock were exchanged, compared to its average volume of 11,214,662. Starbucks has a twelve month low of $78.92 and a twelve month high of $126.32. The firm has a 50 day moving average of $91.91 and a 200 day moving average of $105.22. The stock has a market cap of $100.59 billion, a PE ratio of 23.57, a PEG ratio of 2.11 and a beta of 0.91.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be given a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 2.24%. The ex-dividend date is Thursday, May 12th. Starbucks's payout ratio is 52.83%.
About Starbucks (Get Rating)
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.$Starbucks(SBUX)$
source：marketbeat
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