Starbucks Corporation (SBUX) Releases FY18 Earnings Guidance

Starbucks Corporation (NASDAQ:SBUX) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.30-2.33 for the period, compared to the Thomson Reuters consensus estimate of $2.35.

A number of brokerages recently commented on SBUX. Nomura lowered their price target on shares of Starbucks Corporation from $67.00 to $63.00 and set a buy rating for the company in a report on Friday. Robert W. Baird lowered their price target on shares of Starbucks Corporation from $70.00 to $66.00 and set an outperform rating for the company in a report on Friday. Deutsche Bank AG lowered their price target on shares of Starbucks Corporation to $62.00 and set a buy rating for the company in a report on Friday. Credit Suisse Group lowered their price target on shares of Starbucks Corporation from $56.00 to $54.00 and set a neutral rating for the company in a report on Friday. Finally, UBS Group AG (USA) lowered their price target on shares of Starbucks Corporation from $67.00 to $64.00 and set a buy rating for the company in a report on Friday. Thirteen analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company has a consensus rating of Buy and a consensus price target of $63.02.

Starbucks Corporation (NASDAQ SBUX) traded up $0.90 during midday trading on Friday, reaching $56.03. 28,729,036 shares of the company were exchanged, compared to its average volume of 8,550,000. The firm has a market capitalization of $80.90 billion, a P/E ratio of 26.51, a PEG ratio of 1.36 and a beta of 0.72. Starbucks Corporation has a 52 week low of $50.84 and a 52 week high of $64.87. The company has a quick ratio of 1.03, a current ratio of 1.37 and a debt-to-equity ratio of 0.67.

Starbucks Corporation (NASDAQ:SBUX) last posted its earnings results on Thursday, November 2nd. The coffee company reported $0.55 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.55. The company had revenue of $5.70 billion during the quarter, compared to the consensus estimate of $5.81 billion. Starbucks Corporation had a net margin of 12.89% and a return on equity of 52.65%. The firm’s quarterly revenue was down .2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.56 earnings per share. equities analysts predict that Starbucks Corporation will post 2.33 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 1st. Investors of record on Thursday, November 16th will be given a dividend of $0.30 per share. This is an increase from Starbucks Corporation’s previous quarterly dividend of $0.25. This represents a $1.20 dividend on an annualized basis and a yield of 2.14%. Starbucks Corporation’s payout ratio is currently 50.76%.

In related news, Director Myron E. Ullman III sold 22,966 shares of the business’s stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $53.41, for a total transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider John Culver sold 64,776 shares of the company’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $53.54, for a total transaction of $3,468,107.04. Following the completion of the transaction, the insider now owns 390,341 shares of the company’s stock, valued at approximately $20,898,857.14. The disclosure for this sale can be found here. Insiders own 3.40% of the company’s stock.

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An institutional investor recently bought a new position in Starbucks Corporation stock. Verition Fund Management LLC acquired a new position in Starbucks Corporation (NASDAQ:SBUX) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 18,219 shares of the coffee company’s stock, valued at approximately $1,062,000. Institutional investors and hedge funds own 70.87% of the company’s stock.

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.

Earnings History and Estimates for Starbucks Corporation (NASDAQ:SBUX)

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