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Company Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks to Webcast 2016 Annual Meeting of Shareholders

[Business Wire] – Starbucks Corporation will hold its 2016 Annual Meeting of Shareholders on Wednesday, March 23, 2016 at 10:00 a.m. PT. The event will be webcast and can be accessed at http://investor.starbucks.com. Read more on this. Starbucks Corporation (SBUX) , currently valued at $88.20B, started the session at $58.70. A quick look at the market, the company’s stock traded between $58.65 and $59.82 with a trailing 52-week range being $42.05 to $64.00. Starbucks (SBUX) shares are currently priced at 31.03x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 20.75x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.80 per share annually in dividends, yielding 1.39%. According to a consensus of 25 analysts, the earnings estimate of $0.39 per share would be $0.06 better than the year-ago quarter and a $0.01 sequential decrease. Furthermore, our analysis shows the full-year EPS estimate to be $1.89, which would be a $0.31 better when compared to the last year’s annual results. The quarterly earnings estimate is based on a consensus revenue forecast of the current quarter of $5.02 Billion. If realized, that would be a 10.09% increase over the year-ago quarter. More 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 16.29% above than it opened this morning. See more in (NASDAQ:SBUX) Similar Articles: Stock Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks Prices $500 Million of Senior Notes 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
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