Starbucks Co. (SBUX) Expected to Announce Earnings of $0.45 Per Share

Analysts predict that Starbucks Co. (NASDAQ:SBUX) will announce $0.45 earnings per share (EPS) for the current quarter, Zacks reports. Nine analysts have made estimates for Starbucks’ earnings. The lowest EPS estimate is $0.44 and the highest is $0.45. Starbucks posted earnings per share of $0.39 in the same quarter last year, which indicates a positive year over year growth rate of 15.4%. The company is expected to announce its next quarterly earnings report after the market closes on Thursday, April 27th.

On average, analysts expect that Starbucks will report full year earnings of $2.12 per share for the current financial year, with EPS estimates ranging from $2.06 to $2.14. For the next financial year, analysts forecast that the firm will post earnings of $2.45 per share, with EPS estimates ranging from $2.36 to $2.50. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Starbucks.

Starbucks (NASDAQ:SBUX) last announced its earnings results on Thursday, January 26th. The coffee company reported $0.52 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.52. Starbucks had a net margin of 13.30% and a return on equity of 51.45%. The business earned $5.70 billion during the quarter, compared to analysts’ expectations of $5.85 billion. During the same quarter in the prior year, the company posted $0.46 earnings per share. The firm’s revenue was up 6.7% on a year-over-year basis.

Several research firms have issued reports on SBUX. BMO Capital Markets set a $62.00 price target on shares of Starbucks and gave the stock a “buy” rating in a report on Saturday, January 28th. Piper Jaffray Companies set a $64.00 price objective on shares of Starbucks and gave the company a “buy” rating in a research note on Saturday, January 28th. Wedbush reiterated an “outperform” rating and issued a $65.00 price objective on shares of Starbucks in a research note on Monday, March 13th. Telsey Advisory Group started coverage on shares of Starbucks in a research note on Monday, March 27th. They issued an “outperform” rating and a $66.00 price objective for the company. Finally, Vetr upgraded shares of Starbucks from a “buy” rating to a “strong-buy” rating and set a $64.50 price objective for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, twenty-two have given a buy rating and three have assigned a strong buy rating to the company. Starbucks has an average rating of “Buy” and an average price target of $64.08.

Shares of Starbucks (NASDAQ:SBUX) traded down 0.12% on Thursday, reaching $57.51. 4,871,717 shares of the company traded hands. The company has a market capitalization of $83.82 billion, a PE ratio of 29.49 and a beta of 0.79. The firm has a 50-day moving average price of $56.75 and a 200 day moving average price of $56.04. Starbucks has a one year low of $50.84 and a one year high of $61.43.

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In other news, Director Joshua Cooper Ramo sold 5,868 shares of the company’s stock in a transaction dated Tuesday, January 31st. The stock was sold at an average price of $55.23, for a total transaction of $324,089.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 3.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. Fort Point Capital Partners LLC boosted its stake in shares of Starbucks by 33.1% in the third quarter. Fort Point Capital Partners LLC now owns 13,825 shares of the coffee company’s stock valued at $748,000 after buying an additional 3,441 shares in the last quarter. Empirical Financial Services LLC boosted its stake in shares of Starbucks by 5.7% in the third quarter. Empirical Financial Services LLC now owns 22,688 shares of the coffee company’s stock valued at $1,228,000 after buying an additional 1,216 shares in the last quarter. Intrust Bank NA boosted its stake in shares of Starbucks by 3.3% in the third quarter. Intrust Bank NA now owns 25,837 shares of the coffee company’s stock valued at $1,398,000 after buying an additional 816 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of Starbucks during the fourth quarter valued at $172,717,000. Finally, California State Teachers Retirement System boosted its stake in shares of Starbucks by 0.8% in the third quarter. California State Teachers Retirement System now owns 3,052,444 shares of the coffee company’s stock valued at $165,259,000 after buying an additional 25,600 shares in the last quarter. Hedge funds and other institutional investors own 68.49% of the company’s stock.

About Starbucks

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

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