Starbucks (SBUX) Earning Somewhat Positive Media Coverage, Study Shows
News stories about Starbucks (NASDAQ:SBUX) have trended somewhat positive recently, according to Accern Sentiment. The research group identifies positive and negative media coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Starbucks earned a news sentiment score of 0.07 on Accern’s scale. Accern also gave news articles about the coffee company an impact score of 44.4626627104529 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment Analysis’s rankings:
- Earnings Calendar, Week of Dec. 11-15, 2017 (COST, ADBE, ORCL) (finance.yahoo.com)
- Starbucks Opens Its Second Roastery as It Aims to Move Upmarket (fool.com)
- Another Look: Curious Shanghai Fans Still Lining Up At World’s Biggest Starbucks (finance.yahoo.com)
- Hark! How The Christmas Tree Frappuccino Ranks In Starbucks’ Gimmicky Lineup (finance.yahoo.com)
- ETFs with exposure to Starbucks Corp. : December 8, 2017 (finance.yahoo.com)
Starbucks (NASDAQ SBUX) traded down $0.53 during trading hours on Friday, reaching $58.61. Starbucks has a 12-month low of $52.58 and a 12-month high of $64.87. The company has a debt-to-equity ratio of 0.72, a current ratio of 1.25 and a quick ratio of 0.93. The company has a market cap of $83,390.00, a price-to-earnings ratio of 28.31, a price-to-earnings-growth ratio of 1.60 and a beta of 0.76.
Starbucks (NASDAQ:SBUX) last posted its quarterly earnings data on Thursday, November 2nd. The coffee company reported $0.55 EPS for the quarter, hitting the consensus estimate of $0.55. Starbucks had a net margin of 12.89% and a return on equity of 53.34%. The business had revenue of $5.70 billion for the quarter, compared to analyst estimates of $5.81 billion. During the same quarter in the previous year, the firm posted $0.56 earnings per share. Starbucks’s quarterly revenue was down .2% on a year-over-year basis. equities research analysts anticipate that Starbucks will post 2.31 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 1st. Investors of record on Thursday, November 16th were paid a dividend of $0.30 per share. The ex-dividend date of this dividend was Wednesday, November 15th. This represents a $1.20 annualized dividend and a yield of 2.05%. This is a positive change from Starbucks’s previous quarterly dividend of $0.25. Starbucks’s payout ratio is presently 60.91%.
A number of equities analysts have issued reports on the stock. UBS cut their target price on shares of Starbucks from $67.00 to $64.00 and set a “buy” rating on the stock in a research note on Friday, November 3rd. Cowen reaffirmed a “buy” rating and set a $63.00 target price on shares of Starbucks in a research note on Friday, September 1st. Mizuho set a $75.00 target price on shares of Starbucks and gave the company a “buy” rating in a research note on Wednesday, November 1st. Morgan Stanley lifted their target price on shares of Starbucks from $62.00 to $67.00 and gave the company an “overweight” rating in a research note on Friday, November 10th. Finally, Vetr lowered shares of Starbucks from a “strong-buy” rating to a “buy” rating and set a $60.91 target price on the stock. in a research note on Thursday, November 2nd. One analyst has rated the stock with a sell rating, eleven have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. Starbucks has an average rating of “Buy” and a consensus target price of $63.26.
In other news, Director Craig Weatherup sold 56,666 shares of the company’s stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $56.73, for a total value of $3,214,662.18. Following the transaction, the director now owns 56,666 shares in the company, valued at $3,214,662.18. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Howard D. Schultz sold 290,176 shares of the company’s stock in a transaction that occurred on Wednesday, November 15th. The stock was sold at an average price of $57.03, for a total transaction of $16,548,737.28. Following the completion of the transaction, the insider now owns 29,872,564 shares in the company, valued at approximately $1,703,632,324.92. The disclosure for this sale can be found here. Insiders have sold 497,808 shares of company stock worth $28,559,521 in the last three months. 3.40% of the stock is currently owned by insiders.
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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.
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