Starbucks (SBUX) Projected to Post Earnings on Tuesday

Starbucks (NASDAQ:SBUX - Get Free Report) is projected to release its earnings data after the market closes on Tuesday, January 28th. Analysts expect Starbucks to post earnings of $0.68 per share and revenue of $9,323,994.84 billion 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 - Get Free Report) last released its earnings results on Wednesday, October 30th. The coffee company reported $0.80 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.80. Starbucks had a negative return on equity of 46.39% and a net margin of 10.40%. The business had revenue of $9.07 billion for the quarter, compared to analyst estimates of $9.60 billion. During the same quarter in the prior year, the company posted $1.06 earnings per share. Starbucks's revenue was down 3.2% on a year-over-year basis. On average, analysts expect Starbucks to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Starbucks Trading Up 0.8 %

Shares of SBUX traded up $0.82 during midday trading on Friday, reaching $98.81. The stock had a trading volume of 6,954,897 shares, compared to its average volume of 5,972,189. The firm has a 50 day simple moving average of $95.66 and a 200-day simple moving average of $92.39. The firm has a market cap of $112.03 billion, a PE ratio of 29.85, a P/E/G ratio of 2.91 and a beta of 0.99. Starbucks has a one year low of $71.55 and a one year high of $103.32.

Starbucks Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be paid a $0.61 dividend. The ex-dividend date is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.47%. Starbucks's dividend payout ratio is 73.72%.

Insider Activity at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of the stock in a transaction on Thursday, November 21st. The stock was sold at an average price of $99.54, for a total value of $148,414.14. Following the transaction, the chief financial officer now directly owns 80,124 shares in the company, valued at $7,975,542.96. This trade represents a 1.83 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.98% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

SBUX has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on Starbucks from $105.00 to $110.00 and gave the company a "buy" rating in a research note on Thursday, October 31st. UBS Group lifted their target price on shares of Starbucks from $85.00 to $95.00 and gave the stock a "neutral" rating in a report on Wednesday, October 23rd. JPMorgan Chase & Co. increased their price target on shares of Starbucks from $90.00 to $105.00 and gave the company an "overweight" rating in a report on Monday, September 30th. Morgan Stanley boosted their price objective on Starbucks from $98.00 to $115.00 and gave the stock an "overweight" rating in a report on Wednesday, October 16th. Finally, BTIG Research increased their target price on Starbucks from $100.00 to $115.00 and gave the stock a "buy" rating in a research note on Thursday, October 17th. Three research analysts have rated the stock with a sell rating, seven have assigned a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Starbucks has a consensus rating of "Moderate Buy" and a consensus target price of $103.92.

Starbucks Company Profile

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.