Starbucks (SBUX) Scheduled to Post Quarterly Earnings on Thursday

Starbucks (NASDAQ:SBUX) is scheduled to issue its quarterly earnings data after the market closes on Thursday, November 1st. Analysts expect the company to announce earnings of $0.59 per share for the quarter.

Shares of Starbucks stock opened at $58.59 on Wednesday. The stock has a market cap of $78.34 billion, a PE ratio of 28.44, a PEG ratio of 1.58 and a beta of 0.60. The company has a quick ratio of 0.76, a current ratio of 1.01 and a debt-to-equity ratio of 1.54. Starbucks has a twelve month low of $47.37 and a twelve month high of $61.94.

SBUX has been the subject of a number of research analyst reports. Barclays cut their price objective on Starbucks from $60.00 to $57.00 and set a “$51.15” rating for the company in a research report on Wednesday, July 18th. BidaskClub upgraded Starbucks from a “hold” rating to a “buy” rating in a research report on Wednesday, September 12th. KeyCorp restated a “buy” rating on shares of Starbucks in a research report on Thursday, October 4th. Bank of America raised their price objective on Starbucks from $57.00 to $64.00 and gave the company a “buy” rating in a research report on Wednesday, October 10th. Finally, ValuEngine upgraded Starbucks from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $60.62.



In related news, Director Myron E. Ullman III sold 99,166 shares of the stock in a transaction dated Wednesday, September 12th. The shares were sold at an average price of $55.05, for a total value of $5,459,088.30. Following the completion of the transaction, the director now owns 29,000 shares of the company’s stock, valued at approximately $1,596,450. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Myron E. Ullman III sold 15,000 shares of the firm’s stock in a transaction dated Friday, August 3rd. The stock was sold at an average price of $52.13, for a total transaction of $781,950.00. Following the completion of the sale, the director now directly owns 29,000 shares of the company’s stock, valued at approximately $1,511,770. The disclosure for this sale can be found here. In the last ninety days, insiders sold 295,832 shares of company stock valued at $15,834,037. 3.48% of the stock is owned by insiders.

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.

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Earnings History for Starbucks (NASDAQ:SBUX)

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