[at noodls] – From sustainable store designs to generous partner (employee) benefits, Starbucks has created a culture that has helped it lead the global coffee business. Now it’s planning to do the same in the rapidly …
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Starbucks Corporation (SBUX), with a current market cap of $53.64B, began trading this morning at $71.68.
Shares have traded today between $70.50 and $71.93 per share and has traded between $54.00 and $82.50 over the past year.
SBUX shares are currently priced at 27.14x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 13.07x earnings multiple.
And for those looking to make a return holding the stock, 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. Furthermore, our analysis shows the full-year EPS estimate to be $2.66, which would be a $0.40 improvement when compared to the last year’s annual results.
The quarterly earnings estimate is predicated on a consensus revenue forecast of $3.95 Billion. If reported, 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.
When considering if perhaps the stock is under or overvalued, the average price target is $88.28, which is 23.16% 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) .