Market Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks Statement on Attacks in Jakarta, Indonesia

[Business Wire] – SEATTLE–(BUSINESSWIRE)– We are deeply saddened by the senseless acts that have taken place in Jakarta today; our hearts are with the people of Indonesia. Amidst reports of attacks targeting police posts … Read more on this. Starbucks Corporation (SBUX) , valued at $86.86B, began trading this morning at $57.50. Looking at the stock, its one day range is $56.92 to $58.51 with a one year range of $39.50 to $64.00. Priced at 30.62x this year’s forecasted earnings, SBUX shares are relatively expensive compared to the industry’s 16.02x forward p/e ratio. The company pays shareholders $0.80 per share in dividend income per year, for a current yield of 1.38%. In a review of the consensus earnings estimate this quarter, 25 sell-side analysts are looking at $0.45 per share, which would be $0.05 better than the year-ago quarter and a $0.02 sequential decrease. In looking at the bigger picture, the full-year EPS estimate of $1.89 would be a $0.31 improvement when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $5.39 Billion. If reported, that would be a 12.29% increase over the year-ago quarter. Recently, Guggenheim Initiated SBUX at Buy (Apr 16, 2015). Previously, Standpoint Research Initiated SBUX at to Strong Sell. Given all the information above, we should disclose to readers that the average price target is $68.26, which is 18.71% above than it opened this morning. See more in (NASDAQ:SBUX) Similar Articles: 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 Company Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks Enters its 15th Market in Latin America with New Flagship Store in Panama
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