Starbucks (SBUX) to Release Earnings on Tuesday

Starbucks (NASDAQ:SBUX) is scheduled to be posting its quarterly earnings results after the market closes on Tuesday, April 30th. Analysts expect Starbucks to post earnings of $0.81 per share for the quarter. Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Starbucks (NASDAQ:SBUX) last posted its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The business had revenue of $9.43 billion during the quarter, compared to analyst estimates of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The firm’s quarterly revenue was up 8.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.75 earnings per share. On average, analysts expect Starbucks to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Starbucks Stock Performance

Shares of SBUX stock opened at $88.25 on Friday. The stock has a fifty day moving average price of $90.36 and a 200 day moving average price of $94.28. The stock has a market cap of $99.92 billion, a PE ratio of 23.60, a P/E/G ratio of 1.48 and a beta of 0.97. Starbucks has a 1 year low of $84.29 and a 1 year high of $115.48.

Starbucks Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 2.58%. Starbucks’s dividend payout ratio is presently 60.96%.

Insider Activity

In other news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction on Monday, April 15th. The stock was sold at an average price of $85.39, for a total value of $277,517.50. Following the completion of the sale, the chief executive officer now owns 81,199 shares of the company’s stock, valued at $6,933,582.61. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 7,250 shares of company stock valued at $651,738 over the last quarter. Company insiders own 1.98% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. Stephens reaffirmed an “equal weight” rating and set a $110.00 price objective on shares of Starbucks in a report on Wednesday, January 31st. Jefferies Financial Group reduced their price objective on Starbucks from $100.00 to $94.00 and set a “hold” rating for the company in a report on Tuesday, April 16th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $105.00 price objective on shares of Starbucks in a report on Monday, April 1st. Oppenheimer reaffirmed a “market perform” rating on shares of Starbucks in a report on Friday, April 19th. Finally, Guggenheim dropped their price target on Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a research report on Friday, April 19th. Fourteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $106.55.

About Starbucks

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of 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.