Starbucks (NASDAQ:SBUX) Issues Earnings Results, Beats Expectations By $0.01 EPS

Starbucks (NASDAQ:SBUX) issued its earnings results on Tuesday. The coffee company reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01, Zacks reports. Starbucks had a net margin of 10.40% and a negative return on equity of 46.39%. During the same quarter last year, the firm earned $0.90 EPS.

Starbucks Stock Up 0.6 %

SBUX opened at $109.23 on Thursday. The firm’s fifty day simple moving average is $95.90 and its two-hundred day simple moving average is $93.00. Starbucks has a 52-week low of $71.55 and a 52-week high of $110.08. The company has a market cap of $123.85 billion, a price-to-earnings ratio of 33.07, a PEG ratio of 2.91 and a beta of 0.99.

Starbucks Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, February 28th. Investors of record on Friday, February 14th will be issued a $0.61 dividend. This represents a $2.44 annualized dividend and a yield of 2.23%. The ex-dividend date is Friday, February 14th. Starbucks’s payout ratio is presently 73.72%.

Insider Transactions at Starbucks

In related news, CFO Rachel Ruggeri sold 1,491 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were sold at an average price of $99.54, for a total transaction of $148,414.14. Following the completion of the sale, the chief financial officer now owns 80,124 shares of the company’s stock, valued at approximately $7,975,542.96. This represents a 1.83 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on SBUX. Wells Fargo & Company increased their price target on Starbucks from $110.00 to $115.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Citigroup boosted their price objective on shares of Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. Stifel Nicolaus increased their target price on Starbucks from $110.00 to $114.00 and gave the company a “buy” rating in a research report on Monday. Barclays boosted their price target on Starbucks from $119.00 to $124.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, Bank of America dropped their price objective on Starbucks from $118.00 to $117.00 and set a “buy” rating on the stock in a research report on Tuesday, October 22nd. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $105.52.

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.