Starbucks (SBUX) Expected to Earn FY2018 Earnings of $2.49 Per Share

Starbucks (NASDAQ:SBUX) – Research analysts at Oppenheimer boosted their FY2018 EPS estimates for Starbucks in a note issued to investors on Tuesday, April 24th. Oppenheimer analyst B. Bittner now forecasts that the coffee company will post earnings per share of $2.49 for the year, up from their previous forecast of $2.48. Oppenheimer currently has a “Buy” rating and a $66.00 price target on the stock.

Starbucks (NASDAQ:SBUX) last released its quarterly earnings results on Thursday, January 25th. The coffee company reported $0.58 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.57 by $0.01. Starbucks had a net margin of 19.28% and a return on equity of 56.35%. The company had revenue of $6.07 billion for the quarter, compared to analysts’ expectations of $6.19 billion. During the same period last year, the company earned $0.52 EPS. The firm’s revenue for the quarter was up 5.9% compared to the same quarter last year.

Several other equities research analysts have also recently issued reports on SBUX. Piper Jaffray reissued a “buy” rating and issued a $70.00 target price on shares of Starbucks in a research report on Friday, January 26th. Deutsche Bank reissued a “buy” rating and issued a $63.00 target price on shares of Starbucks in a research report on Friday, January 26th. BTIG Research reissued a “buy” rating and issued a $64.00 target price on shares of Starbucks in a research report on Friday, January 26th. Goldman Sachs cut shares of Starbucks from a “conviction-buy” rating to a “buy” rating and decreased their target price for the stock from $73.00 to $68.00 in a research report on Friday, January 26th. Finally, Wedbush reissued a “buy” rating and issued a $70.00 target price on shares of Starbucks in a research report on Monday, January 22nd. They noted that the move was a valuation call. Thirteen equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Starbucks currently has a consensus rating of “Buy” and a consensus price target of $64.17.

Starbucks stock opened at $57.71 on Wednesday. Starbucks has a 12-month low of $52.58 and a 12-month high of $64.87. The stock has a market cap of $81,749.70, a price-to-earnings ratio of 28.01, a PEG ratio of 1.61 and a beta of 0.64. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.81 and a current ratio of 1.01.

In related news, Director Myron E. Ullman III sold 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 8th. The shares were sold at an average price of $54.52, for a total value of $1,363,000.00. Following the transaction, the director now owns 39,000 shares in the company, valued at $2,126,280. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Craig Weatherup sold 59,838 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $60.10, for a total transaction of $3,596,263.80. Following the completion of the transaction, the director now owns 26,500 shares in the company, valued at approximately $1,592,650. The disclosure for this sale can be found here. Insiders sold 247,664 shares of company stock worth $14,243,602 in the last 90 days. 3.48% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of SBUX. Taylor Hoffman Wealth Management purchased a new stake in shares of Starbucks during the fourth quarter valued at approximately $107,000. Prime Capital Investment Advisors LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at approximately $113,000. Sumitomo Mitsui Financial Group Inc. purchased a new stake in shares of Starbucks during the third quarter valued at approximately $111,000. Gradient Investments LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at approximately $117,000. Finally, Front Row Advisors LLC purchased a new stake in shares of Starbucks during the fourth quarter valued at approximately $136,000. Hedge funds and other institutional investors own 73.55% of the company’s stock.

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Starbucks Company Profile

Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.

Earnings History and Estimates for Starbucks (NASDAQ:SBUX)

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