Starbucks Corporation (NASDAQ:SBUX) | Evolution Fresh Brings More Cold-Pressed Juice to the U.S. Midwest

Starbucks Corporation (NASDAQ:SBUX) [at noodls] – Evolution Fresh customers in the Midwest now have more access to delicious and nutritious, cold-pressed juice in more than 360 Chicagoland company-operated Starbucks (NASDAQ:SBUX) stores. This expansion …
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Starbucks Corporation (SBUX), valued at $54.44B, opened this morning at $72.50.
 
Shares have traded today between $71.92 and $72.66 per share and has traded between $52.85 and $82.50 over the past year.
 
SBUX shares are currently priced at 27.28x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 15.75x earnings multiple.
 
And for income investors, the company pays shareholders $1.04 per share annually in dividends, yielding 1.40%.
 
Consensus earnings for the current quarter by the 27 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. Investors should also note that the full-year EPS estimate of $2.66 is a $0.40 improvement when compared to the previous year’s annual results.
 
The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $3.95 Billion. If realized, that would be a 10.96% 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 $88.28, which is 21.77% 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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