Q3 2018 Earnings Forecast for Starbucks Co. (SBUX) Issued By Wedbush

Starbucks Co. (NASDAQ:SBUX) – Equities research analysts at Wedbush upped their Q3 2018 earnings per share estimates for Starbucks in a research report issued to clients and investors on Monday. Wedbush analyst N. Setyan now expects that the coffee company will post earnings of $0.66 per share for the quarter, up from their prior estimate of $0.63. Wedbush currently has a “Buy” rating and a $70.00 price target on the stock. Wedbush also issued estimates for Starbucks’ Q4 2018 earnings at $0.68 EPS, Q1 2019 earnings at $0.67 EPS, Q2 2019 earnings at $0.60 EPS, Q3 2019 earnings at $0.74 EPS, Q4 2019 earnings at $0.75 EPS and FY2019 earnings at $2.75 EPS.

A number of other equities analysts have also commented on the stock. Oppenheimer reissued a “buy” rating and issued a $66.00 price target on shares of Starbucks in a research report on Friday. Telsey Advisory Group reissued an “outperform” rating and issued a $70.00 price target (up previously from $66.00) on shares of Starbucks in a research report on Friday. Barclays reissued an “equal weight” rating and issued a $65.00 price target (up previously from $58.00) on shares of Starbucks in a research report on Tuesday, January 16th. Vetr lowered shares of Starbucks from a “buy” rating to a “hold” rating and set a $61.72 price target on the stock. in a research report on Monday, January 8th. Finally, Piper Jaffray Companies reissued a “buy” rating and issued a $70.00 price target on shares of Starbucks in a research report on Friday, January 5th. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $63.88.

Starbucks (SBUX) traded up $0.15 during trading hours on Tuesday, hitting $61.41. 11,945,700 shares of the stock were exchanged, compared to its average volume of 7,535,043. Starbucks has a 12 month low of $52.58 and a 12 month high of $64.87. The company has a market capitalization of $87,910.00, a price-to-earnings ratio of 31.17, a price-to-earnings-growth ratio of 1.66 and a beta of 0.76. The company has a debt-to-equity ratio of 0.72, a quick ratio of 0.93 and a current ratio of 1.25.

Starbucks (NASDAQ:SBUX) last issued its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 earnings per share for the quarter, meeting the consensus estimate of $0.55. The firm had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.81 billion. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $0.56 earnings per share.

In other news, insider Howard D. Schultz sold 290,176 shares of the business’s stock in a transaction on Wednesday, November 15th. The shares were sold at an average price of $57.03, for a total value of $16,548,737.28. Following the sale, the insider now owns 29,872,564 shares in the company, valued at approximately $1,703,632,324.92. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Javier G. Teruel sold 62,966 shares of the business’s stock in a transaction on Wednesday, November 8th. The shares were sold at an average price of $57.61, for a total transaction of $3,627,471.26. The disclosure for this sale can be found here. Insiders sold a total of 497,808 shares of company stock worth $28,559,521 in the last 90 days. 3.40% of the stock is owned by corporate insiders.

Large investors have recently modified their holdings of the company. Middleton & Co Inc MA raised its holdings in shares of Starbucks by 11.8% in the third quarter. Middleton & Co Inc MA now owns 98,873 shares of the coffee company’s stock valued at $5,310,000 after buying an additional 10,458 shares during the last quarter. WINTON GROUP Ltd raised its holdings in shares of Starbucks by 29.7% in the second quarter. WINTON GROUP Ltd now owns 27,191 shares of the coffee company’s stock valued at $1,586,000 after buying an additional 6,225 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. raised its holdings in shares of Starbucks by 12.5% in the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 92,401 shares of the coffee company’s stock valued at $5,388,000 after buying an additional 10,250 shares during the last quarter. Geneva Advisors LLC raised its holdings in shares of Starbucks by 2.3% in the second quarter. Geneva Advisors LLC now owns 2,750,639 shares of the coffee company’s stock valued at $160,390,000 after buying an additional 63,041 shares during the last quarter. Finally, Janus Henderson Group PLC raised its holdings in shares of Starbucks by 3,076.5% in the second quarter. Janus Henderson Group PLC now owns 13,889,820 shares of the coffee company’s stock valued at $809,917,000 after buying an additional 13,452,551 shares during the last quarter. Institutional investors own 70.76% of the company’s stock.

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Starbucks Company Profile

Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of coffee. As of October 2, 2016, the Company operated in 75 countries. The Company operates through four segments: Americas, which is inclusive of the United States, Canada, and Latin America; China/Asia Pacific (CAP); Europe, Middle East, and Africa (EMEA), and Channel Development.

Earnings History and Estimates for Starbucks (NASDAQ:SBUX)

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