Company Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks Billionaire Howard Schultz To Oprah: It’s OK For Men To Cry (Even CEOs)

Starbucks Corporation (NASDAQ:SBUX) [at Forbes] – Starbucks CEO Howard Schultz cried when he returned to the helm of Starbucks in 2008, during a tough period of store closures and layoffs. He tells talk show billionaire Oprah Winfrey why it’s ok to be vulnerable, even as the CEO of a major public company.
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Starbucks Corporation (SBUX), with a current market cap of $60.36B, started the session at $80.03.
 
Looking at today’s market, SBUX one day range is $79.74 to $80.72 and has traded between $49.56 and $82.50 over the past 12 months.
 
Starbucks (SBUX) shares are currently priced at 32.37x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 25.15x earnings multiple for the same period.
 
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%.
 
In a review of the consensus earnings estimate this quarter, 26 sell-side analysts are looking at $0.59 per share, which would be $0.13 better than the year-ago quarter and a $0.02 sequential increase. The full-year EPS estimate is $2.23, which would be a $0.44 better than last year.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.80 Billion. If reported, that would be a 13.10% 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 the stock is $89.35, which is 11.65% above where the stock opened this morning.
 
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) .

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