[at Seeking Alpha] – I’m sitting here in my local Starbucks ( SBUX ) doing what I like to do in the AM – enjoying a great cup of coffee. One reason I love Starbucks is that it is not a hamburger chain that also sells coffee …
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Starbucks Corporation (SBUX), currently valued at $61.36B, started the session at $81.50.
A quick look at the market, the company’s traded between $81.14 to $81.69 with a one year range of $49.56 to $82.50.
SBUX shares are currently priced at 30.70x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 27.23x earnings multiple.
And for those looking to make a return holding the stock, the company pays shareholders $1.04 per share annually in dividends, yielding 1.30%.
According to a consensus of 29 analysts, the earnings estimate of $0.69 per share would be $0.12 better than the year-ago quarter and a $0.00 sequential decrease. Investors should also note that the full-year EPS estimate of $2.65 is a $0.39 better when compared to the previous year’s annual results.
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $4.28 Billion. If realized, that would be a 12.63% increase over the year-ago quarter.
Recently, RBC Capital Mkts Initiated SBUX at Outperform (Nov 8, 2013). Previously, Pacific Crest Initiated SBUX at to Outperform.
The average price target for SBUX shares by the analysts covering it is $89.35, which is 9.63% above where the stock opened.
Starbucks Corporation (NASDAQ:SBUX), operates as a roaster, marketer and retailer of specialty coffee worldwide. As of September 30, 2012, the company operated 9,405 company-operated stores and 8,661 licensed stores. The company was founded in 1985 and is based in Seattle, Washington.
Tag Helper ~ Stock Code: SBUX | Common Company name: Starbucks | Full Company name: Starbucks Corporation (NASDAQ:SBUX) .