Starbucks (SBUX) Scheduled to Post Quarterly Earnings on Wednesday

Starbucks (NASDAQ:SBUX - Get Free Report) will be announcing its earnings results after the market closes on Wednesday, October 30th. Analysts expect the company to announce earnings of $1.04 per share for the quarter. Individual interested in listening to the company's earnings conference call can do so using this link.

Starbucks (NASDAQ:SBUX - Get Free Report) last released its quarterly earnings results on Tuesday, July 30th. The coffee company reported $0.93 EPS for the quarter, meeting the consensus estimate of $0.93. The business had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.25 billion. Starbucks had a net margin of 11.16% and a negative return on equity of 49.38%. Starbucks's revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.00 earnings per share. On average, analysts expect Starbucks to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Starbucks Trading Down 0.8 %

NASDAQ SBUX traded down $0.82 during trading on Wednesday, reaching $96.00. The company's stock had a trading volume of 3,836,045 shares, compared to its average volume of 11,308,641. Starbucks has a 12 month low of $71.55 and a 12 month high of $107.66. The firm has a 50 day moving average price of $95.31 and a 200 day moving average price of $84.80. The firm has a market capitalization of $108.74 billion, a price-to-earnings ratio of 25.63, a price-to-earnings-growth ratio of 2.14 and a beta of 0.97.

Starbucks Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.61 per share. This represents a $2.44 dividend on an annualized basis and a yield of 2.54%. This is a positive change from Starbucks's previous quarterly dividend of $0.57. Starbucks's dividend payout ratio (DPR) is 62.81%.

Insider Transactions at Starbucks

In other news, Director Jorgen Vig Knudstorp purchased 380 shares of the business's stock in a transaction that occurred on Friday, September 6th. The shares were acquired at an average cost of $91.50 per share, for a total transaction of $34,770.00. Following the completion of the acquisition, the director now owns 36,242 shares in the company, valued at $3,316,143. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CEO Michael Aaron Conway sold 3,250 shares of the business's stock in a transaction dated Thursday, August 15th. The shares were sold at an average price of $94.03, for a total value of $305,597.50. Following the transaction, the chief executive officer now directly owns 75,054 shares of the company's stock, valued at approximately $7,057,327.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Jorgen Vig Knudstorp acquired 380 shares of the firm's stock in a transaction that occurred on Friday, September 6th. The shares were bought at an average price of $91.50 per share, with a total value of $34,770.00. Following the acquisition, the director now directly owns 36,242 shares of the company's stock, valued at $3,316,143. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.98% of the company's stock.

Analysts Set New Price Targets

SBUX has been the topic of several analyst reports. Jefferies Financial Group lowered Starbucks from a "hold" rating to an "underperform" rating and reduced their target price for the stock from $80.00 to $76.00 in a report on Tuesday, September 24th. Morgan Stanley raised their target price on shares of Starbucks from $98.00 to $115.00 and gave the company an "overweight" rating in a report on Wednesday, October 16th. Sanford C. Bernstein raised shares of Starbucks from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $92.00 to $115.00 in a report on Thursday, September 26th. BTIG Research lifted their price objective on shares of Starbucks from $100.00 to $115.00 and gave the company a "buy" rating in a research note on Thursday, October 17th. Finally, Baird R W upgraded Starbucks from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, August 13th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $102.08.

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.