UBS AG Cuts Starbucks EPS Estimates (SBUX)
Equities researchers at UBS AG (NYSE: UBS) cut their earnings per share (EPS) estimates on shares of Starbucks (NASDAQ: SBUX) in a report issued on Friday. The firm currently has a “buy” rating and a $61.00 target price on the company’s shares.
Starbucks traded down 0.12% on Friday, hitting $57.36. Starbucks has a 52-week low of $33.72 and a 52-week high of $62.00. The company has a market cap of $43.215 billion and a price-to-earnings ratio of 34.39.
The company last announced its quarterly results on Thursday, April 26th. It reported $0.40 earnings per share (EPS) for the previous quarter, beating the Thomson Reuters consensus estimate of $0.39 EPS by $0.01. The company’s quarterly revenue was up 14.7% on a year-over-year basis. Analysts expect that Starbucks will post $0.49 EPS next quarter.
A number of other analysts have also recently weighed in on SBUX. Analysts at Deutsche Bank (NYSE: DB) raised their price target on shares of Starbucks from $61.00 to $64.00 in a research note to investors on Friday. Separately, analysts at Goldman Sachs (NYSE: GS) reiterated a “buy” rating on shares of Starbucks in a research note to investors on Thursday. They now have a $66.00 price target on the stock. Finally, analysts at Credit Suisse (NYSE: CS) raised their price target on shares of Starbucks to $67.00 in a research note to investors on Wednesday, April 18th. They now have an “outperform” rating on the stock.
Starbucks Corporation (Starbucks) is a roaster, marketer and retailer of specialty coffee in the world, operating in more than 50 countries.