Starbucks (SBUX) to Release Earnings on Tuesday

Starbucks (NASDAQ:SBUX - Get Free Report) will be releasing its earnings data after the market closes on Tuesday, April 30th. Analysts expect Starbucks to post earnings of $0.81 per share for the quarter. Parties interested in listening to the company's conference call can do so using this link.

Starbucks (NASDAQ:SBUX - Get Free Report) last issued its quarterly earnings results on Wednesday, January 31st. The coffee company reported $0.90 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.02). The company had revenue of $9.43 billion during the quarter, compared to analysts' expectations of $9.60 billion. Starbucks had a negative return on equity of 50.76% and a net margin of 11.70%. Starbucks's revenue was up 8.2% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.75 EPS. On average, analysts expect Starbucks to post $4 EPS for the current fiscal year and $5 EPS for the next fiscal year.

Starbucks Price Performance

NASDAQ SBUX traded down $0.31 on Tuesday, hitting $87.87. The company had a trading volume of 5,662,674 shares, compared to its average volume of 8,423,798. The company has a market capitalization of $99.49 billion, a PE ratio of 23.49, a PEG ratio of 1.42 and a beta of 0.98. The company's fifty day moving average price is $90.68 and its 200-day moving average price is $94.39. Starbucks has a 12-month low of $84.29 and a 12-month high of $115.48.

Starbucks Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be issued a dividend of $0.57 per share. This represents a $2.28 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Thursday, May 16th. Starbucks's payout ratio is 60.96%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on the stock. Citigroup dropped their target price on shares of Starbucks from $102.00 to $95.00 and set a "neutral" rating for the company in a report on Friday, April 12th. Royal Bank of Canada reissued a "sector perform" rating and issued a $102.00 price objective on shares of Starbucks in a report on Wednesday, January 31st. Barclays dropped their price objective on shares of Starbucks from $116.00 to $112.00 and set an "overweight" rating for the company in a report on Wednesday, January 31st. Morgan Stanley dropped their price objective on shares of Starbucks from $120.00 to $115.00 and set an "overweight" rating for the company in a report on Friday, April 12th. Finally, Oppenheimer reissued a "market perform" rating on shares of Starbucks in a report on Friday. Fourteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company's stock. According to MarketBeat, Starbucks has a consensus rating of "Hold" and a consensus price target of $106.68.

Insider Transactions at Starbucks

In related news, CEO Michael Aaron Conway sold 3,250 shares of Starbucks stock in a transaction dated Monday, April 15th. The stock was sold at an average price of $85.39, for a total transaction of $277,517.50. Following the completion of the sale, the chief executive officer now owns 81,199 shares in the company, valued at approximately $6,933,582.61. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders sold 7,000 shares of company stock valued at $629,738 in the last 90 days. 1.98% of the stock is currently owned by 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.