Equities research analysts expect that Starbucks Co. (NASDAQ:SBUX) will report $0.72 earnings per share (EPS) for the current fiscal quarter, Zacks Investment Research reports. Ten analysts have issued estimates for Starbucks’ earnings, with estimates ranging from $0.70 to $0.75. Starbucks reported earnings per share of $0.62 during the same quarter last year, which suggests a positive year over year growth rate of 16.1%. The firm is scheduled to issue its next quarterly earnings results on Thursday, July 25th.
According to Zacks, analysts expect that Starbucks will report full year earnings of $2.75 per share for the current year, with EPS estimates ranging from $2.70 to $2.80. For the next year, analysts anticipate that the firm will report earnings of $3.07 per share, with EPS estimates ranging from $3.01 to $3.14. Zacks Investment Research’s EPS averages are an average based on a survey of research analysts that that provide coverage for Starbucks.
Starbucks (NASDAQ:SBUX) last posted its earnings results on Thursday, April 25th. The coffee company reported $0.60 EPS for the quarter, topping the Zacks’ consensus estimate of $0.56 by $0.04. The business had revenue of $6.31 billion for the quarter, compared to analysts’ expectations of $6.33 billion. Starbucks had a return on equity of 443.38% and a net margin of 11.87%. The business’s revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.53 earnings per share.
In other Starbucks news, EVP Vivek C. Varma sold 50,000 shares of Starbucks stock in a transaction that occurred on Wednesday, February 6th. The stock was sold at an average price of $69.13, for a total value of $3,456,500.00. Following the sale, the executive vice president now owns 117,640 shares of the company’s stock, valued at approximately $8,132,453.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Clifford Burrows sold 152,634 shares of Starbucks stock in a transaction that occurred on Tuesday, January 29th. The shares were sold at an average price of $67.22, for a total value of $10,260,057.48. Following the completion of the sale, the insider now directly owns 311,083 shares in the company, valued at approximately $20,910,999.26. The disclosure for this sale can be found here. Insiders sold a total of 565,806 shares of company stock worth $38,789,988 in the last ninety days. 3.98% of the stock is owned by corporate insiders.
Several large investors have recently made changes to their positions in the company. Lake Point Wealth Management purchased a new stake in Starbucks in the 4th quarter valued at approximately $25,000. Highwater Wealth Management LLC purchased a new stake in Starbucks in the 4th quarter valued at approximately $28,000. Veritas Investment Management LLP purchased a new stake in Starbucks in the 4th quarter valued at approximately $28,000. Paragon Capital Management LLC purchased a new stake in Starbucks in the 1st quarter valued at approximately $29,000. Finally, Mark Sheptoff Financial Planning LLC purchased a new stake in Starbucks in the 4th quarter valued at approximately $32,000. 73.44% of the stock is currently owned by institutional investors and hedge funds.
Shares of SBUX stock opened at $77.45 on Thursday. The stock has a market capitalization of $96.32 billion, a P/E ratio of 32.00, a P/E/G ratio of 2.21 and a beta of 0.51. Starbucks has a 52-week low of $47.37 and a 52-week high of $77.52. The company has a debt-to-equity ratio of 7.73, a quick ratio of 1.16 and a current ratio of 1.41.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 24th. Shareholders of record on Thursday, May 9th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 1.86%. Starbucks’s dividend payout ratio is presently 59.50%.
Starbucks Company Profile
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink beverages, iced tea, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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