During the same quarter in the previous year, the firm posted $0.45 EPS. Closing price generally refers to the last price at which a stock trades during a regular trading session. About 3,709 shares traded.
The Dow Jones Industrial Average rose 196.75 points, or 0.8 percent, to 24,739.29, the S&P 500 gained 25.25 points, or 0.94 percent, to 2,723.04, and the Nasdaq Composite added 65.07 points, or 0.89 percent, to 7,404.98. SBUX underperformed the S&P500 by 11.15%.
The Company was able to keep Return on assets (ROA) at 27.00% in the trailing twelve month.
Starbucks announced that its Board of Directors has authorized a stock repurchase plan on Thursday, April 26th that allows the company to buyback 0 outstanding shares. The firm had revenue of $6.03 billion for the quarter, compared to analyst estimates of $5.93 billion. Now it has a market worth of $79.66B. It closed at $57.65 lastly. Johnson & Johnson (NYSE:JNJ) has risen 1.12% since May 12, 2017 and is uptrending. It has underperformed by 11.15% the S&P500.
Starbucks said in a statement to Nation's Restaurant News on Friday that the company is reviewing all polices following the Philadelphia incident. Therefore 62% are positive. Zacks Investment Research upgraded shares of Starbucks from a "sell" rating to a "hold" rating in a research note on Friday, April 20th. On Monday, May 15 the stock rating was upgraded by Deutsche Bank to "Buy".
Thousands in Indonesia protest United States embassy move to Jerusalem
Israel says it has a right to defend its border and has accused Hamas of using the protests as a cover for attacking the border. The protests will culminate on May 14 and 15, when the Palestinians mourn the 70th anniversary of Israel's creation.
Starbucks Corporation (SBUX) stock moved down -1.48% in contrast to its 20 day moving average displaying short-term negative movement of stock. 162,826 shares valued at $9.28M were sold by BURROWS CLIFFORD on Wednesday, January 31.
In related news, Director Craig Weatherup sold 59,838 shares of the stock in a transaction dated Tuesday, March 13th. Taylor Hoffman Wealth Management purchased a new position in Starbucks in the 4th quarter valued at about $107,000.
More interesting news about Starbucks Corporation (NASDAQ:SBUX) were released by: Seekingalpha.com and their article: "Starbucks: Buy Or Hold?" published on May 08, 2018 as well as 247Wallst.com's news article titled: "Nestle and Starbucks Set Deal to Expand Their Coffee Empires" with publication date: May 07, 2018. Its up 0.08, from 0.97 in 2017Q3. It increased, as 63 investors sold SBUX shares while 449 reduced holdings. 114 funds acquired positions and 423 increased positions. Bernstein maintained the stock with "Buy" rating in Friday, June 16 report. Capital International Investors grew its stake in shares of Starbucks by 28.3% in the third quarter. Impax Asset Management Limited holds 0.58% or 369,130 shares in its portfolio. Aqr Cap Mgmt Ltd Liability, a Connecticut-based fund reported 2.37M shares. 4,641 are held by Ftb Advsrs. Shareholders of record on Thursday, May 10th will be given a $0.30 dividend. This's net activity of $13.62 million.
Presently, Starbucks Corporation (SBUX) has a RSI reading of 45.41. Pensionfund Dsm Netherlands has 82,000 shares. Sterling Capital Mgmt Limited Company stated it has 0.01% in Starbucks Corporation (NASDAQ:SBUX). The 50-day moving average is perceived to be the dividing line between a stock that is technically healthy and one that is not.
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