Starbucks (NASDAQ:SBUX – Get Free Report) posted its quarterly earnings results on Tuesday. The coffee company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.11), Briefing.com reports. Starbucks had a negative return on equity of 49.91% and a net margin of 11.38%. The firm had revenue of $8.56 billion for the quarter, compared to the consensus estimate of $9.12 billion. During the same period last year, the company posted $0.74 earnings per share. The business’s revenue was down 1.8% compared to the same quarter last year.
Starbucks Trading Down 1.7 %
Shares of SBUX traded down $1.28 during mid-day trading on Friday, hitting $73.65. The company’s stock had a trading volume of 14,515,065 shares, compared to its average volume of 9,370,124. The firm has a 50-day simple moving average of $89.34 and a 200 day simple moving average of $93.98. The firm has a market capitalization of $83.42 billion, a P/E ratio of 20.32, a P/E/G ratio of 1.28 and a beta of 0.97. Starbucks has a 1-year low of $72.67 and a 1-year high of $108.12.
Starbucks Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be given a dividend of $0.57 per share. The ex-dividend date of this dividend is Thursday, May 16th. This represents a $2.28 dividend on an annualized basis and a yield of 3.10%. Starbucks’s payout ratio is 62.81%.
Analyst Ratings Changes
Read Our Latest Analysis on SBUX
Insider Activity at Starbucks
In related news, insider Michael Aaron Conway sold 3,250 shares of the company’s stock in a transaction on Thursday, February 15th. The stock was sold at an average price of $94.03, for a total value of $305,597.50. Following the completion of the transaction, the insider now directly owns 84,153 shares in the company, valued at $7,912,906.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold 7,250 shares of company stock valued at $651,738 in the last ninety days. Corporate insiders own 1.98% of the company’s stock.
About Starbucks
Starbucks Corporation, together with its subsidiaries, operates as a roaster, marketer, and retailer of coffee worldwide. The company operates through three segments: North America, International, and Channel Development. Its stores offer coffee and tea beverages, roasted whole beans and ground coffees, single serve products, and ready-to-drink beverages; and various food products, such as pastries, breakfast sandwiches, and lunch items.
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