Market Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks Customers Get Exclusive Preview of Corinne Bailey Rae Album, The Heart Speaks In Whispers

[Business Wire] – Starbucks Coffee Company today announced its first-ever, exclusive preview of a studio album in Starbucks® stores, which will be played overhead more than a week ahead of its official release. Read more on this. Starbucks Corporation (SBUX) , valued at $82.64B, started the session at $55.98. Today, shares have traded between $55.80 and $56.65 per share with a trailing 52-week range being $42.05 to $64.00. SBUX shares are currently priced at 29.76x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 23.06x earnings multiple. The company pays shareholders $0.80 per share in dividend income per year, for a current yield of 1.42%. According to a consensus of 26 analysts, the earnings estimate of $0.49 per share would be $0.07 better than the year-ago quarter and a $0.00 sequential decrease. What we find to be interesting is that the full-year EPS estimate of $1.89 is a $0.31 improvement 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 $5.33 Billion. If realized, 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. When considering if the stock is under or overvalued, the average price target is $68.13, which is 21.70% above where the stock opened this morning. See more in (NASDAQ:SBUX) Similar Articles: Company Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks to Webcast 2016 Annual Meeting of Shareholders 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