"Today, Starbucks has two powerful, independent but complementary engines driving our global growth, the US and China", president and CEO Kevin Johnson said in a release announcing the quarterly results.
Osher Van De Voorde Investment Management increased its stake in Starbucks Corp (SBUX) by 760.79% based on its latest 2017Q3 regulatory filing with the SEC.
Shares of Starbucks Corp (SBUX) have seen the needle move -0.41% or -0.25 in the most recent session.
Starbucksposted non-GAAP earnings per share of $0.65 (expectations were $0.57) on revenue of $6.1 billion for its first quarter (expectations were $6.2 billion). Nine analysts surveyed by Zacks expected $6.14 billion.
Starbucks expects FY18 EPS of $2.48 to $2.52 vs. $2.48 consensus and $2.30-$2.38 prior guidance.
Starbucks Corporation (NASDAQ:SBUX) has a beta of 0.76, compared to a beta of 1 for the market, which implies that the stock's price movements are less extreme than the market as a whole. The coffee company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55.
"Regarding the China factor, Starbucks has reached over 3,100 company-owned units here, which the analyst anticipates will scale back 'income from equity investees". "We are laser-focused on accelerating growth in China and driving improvement across the USA business as we move into and through the back half of the year, and remain committed to delivering on the long-term targets we announced last quarter". Here's an earnings options strategy that can help you cash in on post-earnings stock gains, while minimizing the risk from a weak quarter. The business's revenue was up 8.1% on a year-over-year basis.
For the first quarter, the analyst is a cent under the Street's forecast, anticipating SBUX will yield $0.56, which would suggest 7% growth. UBS maintained the shares of SBUX in report on Friday, October 30 with "Buy" rating. Consensus earnings estimates are far from flawless, but they are watched by many investors and play an important role in measuring the appropriate valuation for a stock. Stifel Nicolaus upgraded Starbucks Corporation to a "buy" rating in a research report on Saturday, May 13th. Goldman Sachs maintained it with "Buy" rating and $72 target in Wednesday, May 4 report. (NYSE:B). Mason Street Advsrs Limited Liability Corporation holds 12,545 shares or 0.02% of its portfolio. The stock has an average rating of "Buy" and an average target price of $63.88. The stock increased 0.03% or $0.015 during the last trading session, reaching $60.845. The stock had a trading volume of 13,331,459 shares. Their PEG, the ratio used to determine a stock's value while taking into account the earnings' growth, is 2.15. The company has a quick ratio of 0.93, a current ratio of 1.25 and a debt-to-equity ratio of 0.72. The firm also offers financial services and products related to motorcycles, recreational vehicles, and marine vehicles; originates vehicle loans through a Web direct lending program; purchases vehicle retail installment contracts from other lenders; and services automobile, and recreational and marine vehicle portfolios for other lenders. The stock was sold at an average price of $57.61, for a total transaction of $3,627,471.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Paul Mutty sold 3,000 shares of the company's stock in a transaction on Tuesday, November 14th. The shares price has positioned 12.09% over the past quarter while it has directed 3.89% throughout past six months. Following the completion of the sale, the senior vice president now directly owns 10,438 shares in the company, valued at $594,444.10. The disclosure for this sale can be found here. He said the company would reconsider what merchandise it sells in the future. Analysts rating the company a 4 or 5 indicate a Sell recommendation.
For the current quarter, 29 analysts are projecting a mean EPS of $0.57/share. Risk Paradigm Group LLC increased its position in Starbucks by 0.7% during the 2nd quarter. National Pension Service raised its stake in Starbucks by 10.1% in the second quarter. Middleton & Co Inc MA now owns 98,873 shares of the coffee company's stock worth $5,310,000 after buying an additional 10,458 shares in the last quarter. JFS Wealth Advisors LLC now owns 5,827 shares of the coffee company's stock worth $340,000 after purchasing an additional 41 shares in the last quarter.
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Starbucks Corporation's shares may have great momentum, but how has it been performing relative to the market? Starbucks Card reached 42 percent of US and Canada company-operated transactions. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.