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

Starbucks (NASDAQ:SBUX) posted its quarterly earnings results on Tuesday. The coffee company reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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%.

Starbucks Price Performance

SBUX traded up $0.44 during trading on Tuesday, reaching $100.46. The company had a trading volume of 13,364,100 shares, compared to its average volume of 7,531,128. The business’s fifty day moving average price is $95.65 and its 200 day moving average price is $92.71. Starbucks has a 12 month low of $71.55 and a 12 month high of $103.32. The company has a market cap of $113.90 billion, a P/E ratio of 30.35, a PEG ratio of 2.91 and a beta of 0.99.

Starbucks Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 28th. Shareholders of record on Friday, February 14th will be issued a dividend of $0.61 per share. The ex-dividend date is Friday, February 14th. This represents a $2.44 annualized dividend and a yield of 2.43%. Starbucks’s dividend payout ratio (DPR) is currently 73.72%.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on SBUX shares. UBS Group increased their target price on Starbucks from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Wednesday, October 23rd. Citigroup increased their price objective on Starbucks from $96.00 to $99.00 and gave the stock a “neutral” rating in a research note on Thursday, October 31st. TD Cowen reiterated a “buy” rating and issued a $110.00 target price on shares of Starbucks in a research note on Monday, November 11th. 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. Finally, Barclays reduced their price objective on Starbucks from $110.00 to $108.00 and set an “overweight” rating on the stock in a research note on Thursday, October 31st. Three investment analysts have rated the stock with a sell rating, seven have issued a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Starbucks has an average rating of “Moderate Buy” and a consensus target price of $104.08.

Insider Buying and Selling

In other news, CFO Rachel Ruggeri sold 1,452 shares of the company’s stock in a transaction dated Friday, November 15th. The stock was sold at an average price of $99.07, for a total transaction of $143,849.64. Following the completion of the transaction, the chief financial officer now directly owns 65,648 shares of the company’s stock, valued at $6,503,747.36. This represents a 2.16 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.98% of the stock is currently owned by company insiders.

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.