Starbucks (SBUX) Set to Announce Earnings on Tuesday

Starbucks (NASDAQ:SBUX) will be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Starbucks to post earnings of $0.81 per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.02). The business had revenue of $9.43 billion for the quarter, compared to analysts’ expectations of $9.60 billion. Starbucks had a net margin of 11.70% and a negative return on equity of 50.76%. The business’s revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the business posted $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 Price Performance

Shares of NASDAQ:SBUX opened at $88.18 on Tuesday. Starbucks has a 1 year low of $84.29 and a 1 year high of $115.48. The company has a market capitalization of $99.84 billion, a PE ratio of 23.58, a price-to-earnings-growth ratio of 1.42 and a beta of 0.98. The business has a fifty day moving average price of $90.80 and a two-hundred day moving average price of $94.42.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date is Thursday, May 16th. This represents a $2.28 annualized dividend and a yield of 2.59%. Starbucks’s payout ratio is currently 60.96%.

Analyst Ratings Changes

Several analysts have commented on the stock. Wedbush reaffirmed a “neutral” rating and issued a $95.00 price objective on shares of Starbucks in a research report on Wednesday, January 31st. Stephens reiterated an “equal weight” rating and issued a $110.00 price objective on shares of Starbucks in a research note on Wednesday, January 31st. Guggenheim decreased their target price on Starbucks from $100.00 to $91.00 and set a “buy” rating for the company in a research report on Friday. Gordon Haskett downgraded Starbucks from a “buy” rating to a “hold” rating and set a $100.00 price target for the company. in a research note on Tuesday, January 16th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $102.00 price objective on shares of Starbucks in a research note on Wednesday, January 31st. Fourteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. According to MarketBeat, Starbucks presently has a consensus rating of “Hold” and an average target price of $106.68.

Insider Activity

In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred 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 in the company, valued at $6,933,582.61. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last three months, insiders have sold 7,000 shares of company stock valued at $629,738. 1.98% of the stock is currently owned by insiders.

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.