Starbucks (SBUX) to Release Quarterly Earnings on Tuesday

Starbucks (NASDAQ:SBUXGet Rating) is scheduled to be releasing its earnings data after the market closes on Tuesday, May 3rd. Analysts expect Starbucks to post earnings of $0.60 per share for the quarter. Starbucks has set its FY22 guidance at $3.35-3.41 EPS.Persons that wish to listen to the company’s earnings conference call can do so using this link.

Starbucks (NASDAQ:SBUXGet Rating) last posted its earnings results on Tuesday, February 1st. The coffee company reported $0.72 EPS for the quarter, missing the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.95 billion. During the same quarter last year, the company posted $0.61 EPS. Starbucks’s revenue for the quarter was up 19.3% on a year-over-year basis. On average, analysts expect Starbucks to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

NASDAQ SBUX opened at $77.98 on Tuesday. Starbucks has a 52 week low of $76.73 and a 52 week high of $126.32. The stock has a market cap of $89.70 billion, a price-to-earnings ratio of 21.02, a price-to-earnings-growth ratio of 1.99 and a beta of 0.90. The company has a 50-day moving average price of $86.50 and a two-hundred day moving average price of $100.66.

The company also recently announced a quarterly dividend, which will be paid on Friday, May 27th. Shareholders of record on Friday, May 13th will be given a $0.49 dividend. This represents a $1.96 annualized dividend and a yield of 2.51%. The ex-dividend date of this dividend is Thursday, May 12th. Starbucks’s dividend payout ratio (DPR) is 52.83%.

Several research firms have commented on SBUX. MKM Partners decreased their target price on shares of Starbucks from $115.00 to $105.00 and set a “buy” rating for the company in a research report on Wednesday, April 20th. Credit Suisse Group reduced their price target on shares of Starbucks from $132.00 to $122.00 and set an “outperform” rating for the company in a research note on Wednesday, February 2nd. BTIG Research reduced their price target on shares of Starbucks from $130.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday, April 20th. Guggenheim reduced their price target on shares of Starbucks from $95.00 to $87.00 in a research note on Wednesday, April 13th. Finally, Robert W. Baird reduced their price target on shares of Starbucks from $95.00 to $85.00 in a research note on Monday. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $107.58.

Several large investors have recently modified their holdings of SBUX. KB Financial Partners LLC purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $51,000. First Community Trust NA purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $55,000. Lombard Odier Asset Management USA Corp purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $326,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $413,000. Finally, Privium Fund Management UK Ltd purchased a new stake in shares of Starbucks in the 4th quarter valued at approximately $638,000. Institutional investors and hedge funds own 69.74% of the company’s stock.

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.

Further Reading

Earnings History for Starbucks (NASDAQ:SBUX)

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