Starbucks (SBUX) to Release Earnings on Tuesday

Starbucks (NASDAQ:SBUXGet Rating) is scheduled to post its quarterly earnings results after the market closes on Tuesday, August 2nd. Analysts expect Starbucks to post earnings of $0.77 per share for the quarter. Individual that are interested in registering for the company’s earnings conference call can do so using this link.

Starbucks (NASDAQ:SBUXGet Rating) last announced its quarterly earnings data on Tuesday, May 3rd. The coffee company reported $0.59 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.01). The firm had revenue of $7.64 billion during the quarter, compared to analysts’ expectations of $7.60 billion. Starbucks had a negative return on equity of 53.43% and a net margin of 14.07%. Starbucks’s revenue was up 14.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.62 earnings per share. On average, analysts expect Starbucks to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Starbucks Trading Up 0.1 %

Shares of SBUX opened at $84.78 on Friday. The firm has a market cap of $97.23 billion, a PE ratio of 22.73, a P/E/G ratio of 2.53 and a beta of 0.93. The firm has a fifty day simple moving average of $77.71 and a two-hundred day simple moving average of $83.52. Starbucks has a 1-year low of $68.39 and a 1-year high of $122.98.

Starbucks Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Shareholders of record on Friday, August 12th will be paid a dividend of $0.49 per share. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.96 dividend on an annualized basis and a yield of 2.31%. Starbucks’s dividend payout ratio is presently 52.55%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the stock. Morgan Stanley boosted their target price on shares of Starbucks from $87.00 to $88.00 and gave the company an “equal weight” rating in a research note on Monday, July 18th. MKM Partners decreased their target price on shares of Starbucks from $105.00 to $98.00 in a research note on Wednesday, May 4th. Citigroup boosted their target price on shares of Starbucks from $76.00 to $84.00 in a research note on Thursday, July 21st. BMO Capital Markets reduced their price objective on Starbucks from $115.00 to $105.00 in a research note on Wednesday, May 4th. Finally, Wedbush lowered Starbucks from an “outperform” rating to a “neutral” rating and reduced their price objective for the stock from $105.00 to $91.00 in a research note on Tuesday, April 5th. Fourteen equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $102.76.

Insider Activity

In other Starbucks news, CEO Howard D. Schultz bought 137,500 shares of the firm’s stock in a transaction dated Tuesday, May 10th. The shares were purchased at an average cost of $72.67 per share, for a total transaction of $9,992,125.00. Following the transaction, the chief executive officer now owns 19,534,460 shares of the company’s stock, valued at $1,419,569,208.20. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO Howard D. Schultz acquired 72,500 shares of Starbucks stock in a transaction that occurred on Thursday, May 12th. The shares were bought at an average cost of $68.85 per share, with a total value of $4,991,625.00. Following the transaction, the chief executive officer now directly owns 19,606,960 shares of the company’s stock, valued at approximately $1,349,939,196. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Howard D. Schultz acquired 137,500 shares of Starbucks stock in a transaction that occurred on Tuesday, May 10th. The stock was purchased at an average cost of $72.67 per share, for a total transaction of $9,992,125.00. Following the completion of the transaction, the chief executive officer now directly owns 19,534,460 shares in the company, valued at $1,419,569,208.20. The disclosure for this purchase can be found here. Corporate insiders own 0.27% of the company’s stock.

Institutional Trading of Starbucks

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Worth Asset Management LLC purchased a new stake in Starbucks in the 1st quarter worth about $98,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Starbucks during the first quarter worth approximately $198,000. Wealth Architects LLC purchased a new position in shares of Starbucks during the first quarter worth approximately $205,000. Charles Schwab Investment Advisory Inc. increased its position in shares of Starbucks by 32.8% during the first quarter. Charles Schwab Investment Advisory Inc. now owns 2,300 shares of the coffee company’s stock worth $209,000 after acquiring an additional 568 shares during the period. Finally, SS&H Financial Advisors Inc. purchased a new position in shares of Starbucks during the first quarter worth approximately $389,000. 69.21% of the stock is owned by hedge funds and other institutional investors.

Starbucks Company Profile

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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.

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Earnings History for Starbucks (NASDAQ:SBUX)

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