Stock Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks Strengthens Senior Leadership Team

Starbucks Corporation (NASDAQ:SBUX) [Business Wire] – Building on record performance in FY 2013 and Q1 FY 2014, Starbucks Coffee Company today announced a new leadership structure that positions the company to leverage its assets and operations, and gain maximum benefit from the retail, consumer, mobile and digital shifts currently underway in the global marketplace.
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Starbucks Corporation (SBUX), with a current market cap of $53.93B, began trading this morning at $73.50.
 
Looking at today’s market, SBUX one day range is $71.46 to $73.66 with the price of the stock fluctuating between $52.52 to $82.50 over the last 52 weeks.
 
SBUX shares are currently priced at 27.78x this year’s forecasted earnings, which makes them relatively inexpensive compared to the industry’s 46.64x forward p/e ratio.
 
The company pays shareholders $1.04 per share annually in dividends, yielding 1.40%.
 
In a review of the consensus earnings estimate this quarter, 30 sell-side analysts are looking at $0.56 per share, which would be $0.05 better than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $2.66 is a $0.40 better when compared to the previous year’s annual results.
 
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.
 
The average price target for SBUX shares by the analysts covering it is $87.93, which is 19.63% 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) .

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