[Business Wire] – Starbucks Corporation will hold its 2014 Annual Meeting of Shareholders on Wednesday, March 19, 2014 at 10:00 a.m. PT. The event will be broadcast live over the Internet and can be accessed at http://investor.starbucks.com.
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Starbucks Corporation (SBUX), valued at $57.17B, started trading this morning at $74.55.
Looking at today’s trading action, the company’s one day range from $74.50 to $75.66 with the price of the stock fluctuating between $55.96 to $82.50 over the last 52 weeks.
SBUX shares are currently priced at 28.21x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 10.35x earnings multiple.
And for dividend hunters, the company pays shareholders $1.04 per share annually in dividends, yielding 1.40%.
According to a consensus of 28 analysts, the earnings estimate of $0.56 per share 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 better 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 $3.94 Billion. If realized, that would be a 10.67% 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 it is $88.12, which is 18.20% above where the stock opened.
Summary (NASDAQ:SBUX) : Starbucks Corporation operates as a roaster, marketer, and retailer of specialty coffee worldwide. Its stores offer coffee and tea beverages, packaged roasted whole bean and ground coffees, single serve products, and juices and bottled water. The companys stores also provide fresh food offerings; ready-to-drink beverages; and various food products, including pastries, and breakfast sandwiches and lunch items, as well as beverage-making equipment and accessories. In addition, it licenses the rights to produce and distribute Starbucks branded products to The North American Coffee Partnership with the Pepsi-Cola Company, as well as licenses its trademarks through licensed stores, grocery, and national foodservice accounts. The company offers its products under the Starbucks, Teavana, Tazo, Seattles Best Coffee, Starbucks VIA, Starbucks Refreshers, Evolution Fresh, La Boulange, and Verismo brand names. As of September 29, 2013, it operated approximately 10,194 company-operated stores and approximately 9,573 licensed stores. Starbucks Corporation 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) .