Starbucks (SBUX) to Release Quarterly Earnings on Tuesday

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

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Tuesday, April 30th. The coffee company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.11). The firm 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 company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 earnings per share. On average, analysts expect Starbucks to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Starbucks Stock Up 1.0 %

Shares of NASDAQ:SBUX opened at $74.05 on Monday. The company has a market cap of $83.88 billion, a PE ratio of 20.40, a P/E/G ratio of 1.68 and a beta of 0.94. The company’s 50-day moving average price is $77.88 and its 200 day moving average price is $85.13. Starbucks has a fifty-two week low of $71.55 and a fifty-two week high of $107.66.

Starbucks Announces Dividend

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

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. DZ Bank cut shares of Starbucks from a “buy” rating to a “hold” rating and set a $75.00 target price on the stock. in a research note on Friday, May 3rd. Evercore ISI cut shares of Starbucks from an “outperform” rating to an “inline” rating and lowered their target price for the company from $92.00 to $80.00 in a research note on Tuesday, July 16th. TD Cowen lowered their target price on shares of Starbucks from $85.00 to $81.00 and set a “hold” rating on the stock in a research note on Wednesday, July 17th. Wells Fargo & Company lowered their target price on shares of Starbucks from $105.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 1st. Finally, JPMorgan Chase & Co. lowered their target price on shares of Starbucks from $92.00 to $90.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 10th. Seventeen investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $91.71.

Insider Buying and Selling at Starbucks

In other Starbucks news, CFO Rachel Ruggeri sold 3,750 shares of the company’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 transaction, the chief financial officer now owns 65,431 shares in the company, valued at approximately $5,234,480. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Starbucks news, CEO Michael Aaron Conway sold 3,250 shares of the company’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 transaction, the chief executive officer now owns 78,304 shares in the company, valued at approximately $6,264,320. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CFO Rachel Ruggeri sold 3,750 shares of the company’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 transaction, the chief financial officer now owns 65,431 shares in the company, valued at approximately $5,234,480. The disclosure for this sale can be found here. In the last quarter, insiders have sold 7,250 shares of company stock worth $579,375. 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.