Starbucks (NASDAQ:SBUX – Get Free Report) issued its quarterly earnings data on Tuesday. The coffee company reported $0.93 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.93, Briefing.com reports. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The company had revenue of $9.11 billion for the quarter, compared to the consensus estimate of $9.25 billion. During the same period last year, the firm posted $1.00 EPS. Starbucks’s revenue for the quarter was down .6% on a year-over-year basis.
Starbucks Stock Up 4.4 %
Shares of NASDAQ:SBUX traded up $3.32 during trading on Wednesday, reaching $79.26. The stock had a trading volume of 6,180,993 shares, compared to its average volume of 10,703,205. The business has a fifty day moving average price of $77.79 and a 200-day moving average price of $84.89. The stock has a market cap of $89.78 billion, a P/E ratio of 21.74, a PEG ratio of 1.70 and a beta of 0.94. Starbucks has a fifty-two week low of $71.55 and a fifty-two week high of $107.66.
Starbucks Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Friday, August 16th will be given a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a yield of 2.88%. The ex-dividend date of this dividend is Friday, August 16th. Starbucks’s payout ratio is currently 62.81%.
Wall Street Analyst Weigh In
Check Out Our Latest Research Report on Starbucks
Insider Activity
In other news, CFO Rachel Ruggeri sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total value of $300,000.00. Following the completion of the transaction, the chief financial officer now owns 65,431 shares of the company’s stock, valued at $5,234,480. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Michael Aaron Conway sold 3,250 shares of the business’s stock in a transaction that occurred on Friday, June 14th. The shares were sold at an average price of $80.00, for a total value of $260,000.00. Following the completion of the transaction, the chief executive officer now owns 78,304 shares of the company’s stock, valued at $6,264,320. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO Rachel Ruggeri sold 3,750 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $80.00, for a total transaction of $300,000.00. Following the completion of the sale, the chief financial officer now owns 65,431 shares of the company’s stock, valued at $5,234,480. The disclosure for this sale can be found here. Insiders sold a total of 7,250 shares of company stock valued at $579,375 over the last 90 days. Insiders own 1.98% of the company’s stock.
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.
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