[at noodls] – Just in Time for the Holidays, Starbucks Offers Beyoncé’s Self-Titled Album WHAT: Beyoncé’s self-titled album will be available at more than 7,000 Starbucks® stores across the U.S. starting today. Beyoncé, …
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Starbucks Corporation (SBUX), valued at $58.52B, opened this morning at $77.52.
A quick look at the market, the company’s traded between $77.24 to $77.98 with a one year range of $52.39 to $82.50.
SBUX shares are currently priced at 29.11x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 39.83x forward p/e ratio.
And for passive income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 1.30%.
According to a consensus of 28 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. Furthermore, our analysis shows the full-year EPS estimate to be $2.65, which would be a $0.39 better when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $4.29 Billion. If reported, that would be a 12.89% increase over the year-ago quarter.
In terms of ratings, RBC Capital Mkts Initiated SBUX at Outperform (Nov 8, 2013). Previously, Pacific Crest Initiated SBUX at to Outperform.
Investors should keep in mind is that the average price target is $89.00, which is 14.81% 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) .