Company Update: Starbucks Corporation (NASDAQ:SBUX) – A Starbucks on every corner: A guide to the SBUX business model

Starbucks Corporation (NASDAQ:SBUX) [Market Realist] – This business model has allowed Starbucks to be the first coffee firm to put retail locations in each of the BRIC nations and many more.
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Starbucks Corporation (SBUX), with a current value of $56.16B, opened at $75.11.
 
During the trading session, SBUX traded between $74.36 to $75.23 with a one year range of $52.52 to $82.50.
 
SBUX shares are currently priced at 28.19x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 45.65x forward p/e ratio.
 
The company pays shareholders $1.04 per share annually in dividends, yielding 1.40%.
 
Consensus earnings for the current quarter by the 30 sell-side analysts covering the stock is an estimate of $0.56 per share, which would be $0.05 better than the year-ago quarter and a $0.05 sequential decrease. The full-year EPS estimate is $2.66 which would be a $0.40 better than last year’s full-year earnings.
 
The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.96 Billion. If reported, that would be a 11.24% 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.
 
Given all the information above, we should disclose to readers that the average price target is $87.93, which is 17.07% above than it 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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