Market Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks Opens in Ferguson, Missouri, Advancing its Commitment to Support Local Economic Development and Opportunity

[Business Wire] – Starbucks today unveiled its first store in Ferguson, Missouri, as part of a national plan to provide local jobs, create training opportunities for youth, and support efforts to rebuild and revitalize communities. Read more on this. Starbucks Corporation (SBUX) , valued at $82.28B, ended session yesterday at $56.42. Looking at today’s market, SBUX one day range is $55.66 to $56.06 and has traded between $42.05 and $64.00 over the past year. SBUX shares are currently priced at 29.85x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 23.06x earnings multiple for the same period. And for income investors, the company pays shareholders $0.80 per share annually in dividends, yielding 1.38%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.49 per share, which would be $0.07 better than the year-ago quarter and a $0.00 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.89, which would be a $0.31 improvement when compared to the last year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.33 Billion. If reported, that would be a 9.22% increase over the year-ago quarter. In terms of ratings, Deutsche Bank downgraded SBUX from Buy to Hold (Apr 12, 2016). Previously, Guggenheim Initiated SBUX at to Buy. The average price target for SBUX shares by the analysts covering the stock is $68.13, which is 20.76% above where the stock opened this morning. See more in (NASDAQ:SBUX) Similar Articles: Market Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks Statement on Attacks in Jakarta, Indonesia Stock Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks expects China to surpass US Market Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks steps up UK corporation tax payments
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