Market Update: Starbucks Corporation (NASDAQ:SBUX) – 100,000 Opportunities Initiative to Bring National Youth Hiring Movement to Los Angeles on Feb. 11

[Business Wire] – The 100,000 Opportunities Initiative, a coalition of more than 30 top U.S. companies including FedEx, HMS Host, Nordstrom, Papa John’s, Pizza Hut, Starbucks, Sprinkles, Taco Bell, Target, TOMS, Walmart and more, will kick off a long-term effort to connect Los Angeles County’s more than 200,000 Opportunity Youth – 16-24 year olds who are disconnected from school and employment – to meaningful job opportunities … Read more on this. Starbucks Corporation (SBUX) , with a current value of $87.63B, began trading this morning at $58.22. Looking at the stock, its one day range is $58.00 to $59.42 with a trailing 52-week range being $42.05 to $64.00. SBUX shares are currently priced at 31.01x this year’s forecasted earnings, which makes them relatively expensive compared to the industry ’s 14.33x earnings multiple. The company pays shareholders $0.80 per share annually in dividends, yielding 1.39%. Consensus earnings for the current quarter by the 24 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. The full-year EPS estimate is $1.89 which would be a $0.31 improvement than last year’s full-year earnings. 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. Recently, Guggenheim Initiated SBUX at Buy (Apr 16, 2015). Previously, Standpoint Research Initiated SBUX at to Strong Sell. The average price target for SBUX shares by the analysts covering the stock is $68.23, which is 17.19% above where the stock opened this morning. See more in (NASDAQ:SBUX) Similar Articles: 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 Market Update: Starbucks Corporation (NASDAQ:SBUX) – Starbucks steps up UK corporation tax payments