Starbucks Corporation (NASDAQ:SBUX) Given Price Target Of $66.437


As per Starbucks Corporation (NASDAQ:SBUX)’s news release on 2016-07-22, its shareholders will get cash dividend of $0.2 per share. The recent press release updated on the record date and payout date, which stands at 2016-08-04 and 2016-08-19, respectively.

The stock will commence trading ex-dividend from 2016-08-02, until, which the shareholders are compelled to keep the holdings so as to qualify for the dividend. Evaluating the dividend distribution mode, it was noted that last year Starbucks Corporation (NASDAQ:SBUX) disbursed $0.2 in dividend compared to distribution of $0.2, a year ago.

It highlights a sharp difference in cash payouts of the two years. This shows a major deviation of 23.0769%.

Analyst Perspective

The sell-side market professionals who track the firm’s financial and technical parameters have estimated Starbucks Corporation (NASDAQ:SBUX) to attain a price target of $66.437. It is an average estimate figure given by 16 analysts tracking the stock. The estimates disclosed that the stock can move up on the chart and hit a high of $72. The low price range is set at $58 for next year while the arithmetic mean is seen at 1.58.

Eyeing Earnings Starbucks Corporation (NASDAQ:SBUX) is likely to post quarterly numbers around 2016-11-03 for the quarter ending 2016-09-30. The quarterly EPS projection is set at $0.55 for the period ending on 2016-09-30.

In last quarter ended 2015-09-30, Starbucks Corporation (NASDAQ:SBUX) earnings came at $0.49 suggesting a deviation of $0. The brokerages targeted EPS of $0.49 for the quarter.

Shares of the Starbucks Corporation (NASDAQ:SBUX) traded in the range of $55.23 to $55.74 and closed the last trading session at $55.47 on a volume of ((Volume:238}}.

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