Starbucks (SBUX) to Release Quarterly Earnings on Tuesday

Starbucks (NASDAQ:SBUX) is set to release its earnings data after the market closes on Tuesday, July 30th. Analysts expect Starbucks to post earnings of $0.94 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Starbucks (NASDAQ:SBUX) last issued its earnings results on Tuesday, April 30th. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11). The business had revenue of $8.56 billion during the quarter, compared to the consensus estimate of $9.12 billion. Starbucks had a net margin of 11.38% and a negative return on equity of 49.91%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the business posted $0.74 EPS. On average, analysts expect Starbucks to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Starbucks Trading Up 1.0 %

Shares of NASDAQ SBUX opened at $74.05 on Monday. The firm has a market capitalization of $83.88 billion, a PE ratio of 20.40, a price-to-earnings-growth ratio of 1.68 and a beta of 0.94. Starbucks has a 1 year low of $71.55 and a 1 year high of $107.66. The firm’s 50-day moving average is $77.88 and its 200-day moving average is $85.13.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 3.08%. The ex-dividend date of this dividend is Friday, August 16th. Starbucks’s dividend payout ratio (DPR) is presently 62.81%.

Insider Activity

In other news, CFO Rachel Ruggeri sold 3,750 shares of Starbucks 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 sale, the chief financial officer now directly owns 65,431 shares in the company, valued at $5,234,480. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Michael Aaron Conway sold 3,250 shares of the firm’s stock in a transaction 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 directly owns 78,304 shares of the company’s stock, valued at $6,264,320. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Rachel Ruggeri sold 3,750 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer now directly owns 65,431 shares of the company’s stock, valued at $5,234,480. The disclosure for this sale can be found here. Insiders have sold 7,250 shares of company stock worth $579,375 over the last ninety days. Insiders own 1.98% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on SBUX. Wedbush reduced their price objective on shares of Starbucks from $81.00 to $77.00 and set a “neutral” rating on the stock in a research note on Friday, July 19th. Morgan Stanley reduced their price objective on shares of Starbucks from $104.00 to $98.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Oppenheimer reissued a “market perform” rating on shares of Starbucks in a research note on Friday, April 19th. Jefferies Financial Group reduced their price objective on shares of Starbucks from $94.00 to $84.00 and set a “hold” rating on the stock in a research note on Wednesday, May 1st. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Starbucks from $89.00 to $85.00 and set a “hold” rating on the stock in a research note on Tuesday, July 16th. Seventeen equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat.com, Starbucks currently has an average rating of “Hold” and an average target price of $91.71.

About Starbucks

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.