Stock Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks Southeast Asia Growth Momentum Continues with Significant Milestones in Brunei and Singapore

Starbucks Corporation (NASDAQ:SBUX) [Business Wire] – Starbucks Coffee Company today announced two significant milestones in Southeast Asia, opening its first store in Brunei – the company’s 64th global market – and its
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Starbucks Corporation (SBUX), valued at $56.13B, began trading this morning at $74.34.
 
During the trading session, SBUX traded between $74.01 to $74.62 with its 52-week range being $52.52 to $82.50.
 
SBUX shares are currently priced at 28.08x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 22.64x earnings multiple.
 
The company pays shareholders $1.04 per share annually in dividends, yielding 1.40%.
 
Consensus earnings for the current quarter by the 28 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 $0.00 sequential decrease. The full-year EPS estimate is $2.66, which would be a $0.40 better than last year.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.96 Billion. If realized, that would be a 11.24% increase over the year-ago quarter.
 
More 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 $88.38, which is 18.89% 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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