Skip to main content

Company Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks to Seize Multi-Billion Dollar Cold Coffee Market

[Business Wire] – Starbucks Corporation today announced a new line-up of cold beverages that will become the foundation for a new “cold bar” of coffee and espresso products. This new menu focused exclusively on the portfolio of cold coffee affirms the company’s ongoing investment in the category of iced beverages coming off of the highly successful, nationwide launch of Cold Brew last year in all company-owned U.S. Read more on this. Starbucks Corporation (SBUX) , valued at $80.57B, started the session at $55.50. Looking at today’s market, SBUX one day range is $54.97 to $55.50 with its 52-week range being $42.05 to $64.00. SBUX shares are currently priced at 29.18x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 22.92x earnings multiple for the same period. The company pays shareholders $0.80 per share annually in dividends, yielding 1.45%. 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. The full-year EPS estimate is $1.89, which would be a $0.31 better than last year. 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. Recently, Deutsche Bank downgraded SBUX from Buy to Hold (Apr 12, 2016). Previously, Guggenheim Initiated SBUX at to Buy. Given all the information above, we should disclose to readers that the average price target is $68.13, which is 22.76% above than it opened this morning. See more in (NASDAQ:SBUX) Similar Articles: Market Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks Customers Get Exclusive Preview of Corinne Bailey Rae Album, The Heart Speaks In Whispers 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
Data & News supplied by www.cloudquote.io
Stock quotes supplied by Barchart
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms and Conditions.