Market Update (NASDAQ:SBUX): Starbucks Announces Q2 FY16 Results Conference Call

[Business Wire] – Starbucks Corporation plans to release its second quarter fiscal year 2016 financial results after the market close on Thursday, April 21, 2016, with a conference call to follow at 2:00 p.m. Read more on this. Starbucks Corporation (SBUX) , valued at $89.91B, started trading this morning at $60.02. Looking at today’s market, SBUX one day range is $59.91 to $60.91 with a one year range of $42.05 to $64.00. Starbucks (SBUX) shares are currently priced at 31.88x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 24.27x earnings multiple for the same period. And for dividend hunters, the company pays shareholders $0.80 per share annually in dividends, yielding 1.31%. Consensus earnings for the current quarter by the 26 sell-side analysts covering the stock is an estimate of $0.39 per share, which would be $0.06 better than the year-ago quarter and a $0.01 sequential decrease. Investors should also note that the full-year EPS estimate of $1.89 is 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 $5.02 Billion. If reported, that would be a 10.09% increase over the year-ago quarter. In terms of ratings, Guggenheim Initiated SBUX at Buy (Apr 16, 2015). Previously, Standpoint Research Initiated SBUX at to Strong Sell. When considering if perhaps the stock is under or overvalued, the average price target is $68.26, which is 13.73% above where the stock opened this morning. See more in (NASDAQ:SBUX) Similar Articles: 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 Market Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks to Present at Morgan Stanley Global Consumer and Retail Conference