News coverage about Starbucks (NASDAQ:SBUX) has been trending somewhat negative on Thursday, Accern Sentiment Analysis reports. Accern identifies positive and negative news coverage by monitoring more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Starbucks earned a news sentiment score of -0.01 on Accern’s scale. Accern also assigned headlines about the coffee company an impact score of 48.2586100826577 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
Get Starbucks alerts: Brokerages Anticipate Starbucks Co. (SBUX) Will Post Quarterly Sales of $6.26 Billion (americanbankingnews.com) Bluestone Lane CEO and key investor explain how Australian coffee chain is taking on Starbucks (cnbc.com) Why Starbucks Stock Has Lost 15% in 2018 (So Far) (finance.yahoo.com) The Starbucks Rally Was Born to Die �� Short It! (investorplace.com) Sippy Cups Are the Future (finance.yahoo.com)Shares of NASDAQ SBUX opened at $50.14 on Thursday. The stock has a market cap of $68.86 billion, a P/E ratio of 24.34, a P/E/G ratio of 1.48 and a beta of 0.65. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.83 and a current ratio of 1.09. Starbucks has a 12-month low of $47.37 and a 12-month high of $61.94.
Starbucks (NASDAQ:SBUX) last announced its quarterly earnings data on Thursday, April 26th. The coffee company reported $0.53 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.53. The firm had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.93 billion. Starbucks had a return on equity of 60.33% and a net margin of 18.71%. The company’s quarterly revenue was up 13.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.45 EPS. sell-side analysts forecast that Starbucks will post 2.4 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 24th. Shareholders of record on Thursday, August 9th will be issued a dividend of $0.36 per share. This is a boost from Starbucks’s previous quarterly dividend of $0.30. This represents a $1.44 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Wednesday, August 8th. Starbucks’s payout ratio is currently 58.25%.
Starbucks announced that its Board of Directors has authorized a stock buyback program on Thursday, April 26th that permits the company to buyback 0 shares. This buyback authorization permits the coffee company to repurchase shares of its stock through open market purchases. Shares buyback programs are often a sign that the company’s management believes its stock is undervalued.
Several equities research analysts have recently commented on SBUX shares. UBS Group set a $66.00 target price on shares of Starbucks and gave the company a “buy” rating in a research note on Thursday, March 15th. Vetr upgraded shares of Starbucks from a “hold” rating to a “buy” rating and set a $59.39 target price on the stock in a research note on Monday, March 26th. Wedbush downgraded shares of Starbucks from an “outperform” rating to a “neutral” rating and reduced their target price for the company from $70.00 to $56.00 in a research note on Thursday, March 29th. BidaskClub upgraded shares of Starbucks from a “hold” rating to a “buy” rating in a research note on Friday, March 30th. Finally, Zacks Investment Research downgraded shares of Starbucks from a “hold” rating to a “sell” rating in a research note on Tuesday, April 3rd. Two equities research analysts have rated the stock with a sell rating, sixteen have assigned a hold rating and sixteen have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $60.90.
Starbucks Company Profile
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of specialty coffee worldwide. The company operates in four segments: Americas; China/Asia Pacific; Europe, Middle East, and Africa; and Channel Development. Its stores offer coffee and tea beverages, roasted whole bean and ground coffees, single-serve and ready-to-drink coffee and tea products, and food and snacks; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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