Starbucks stock price (NASDAQ: SBUX) has been on a strong upward curve over the past month, posting 31% gains to return green on the year. The coffee giant’s stocks reached a high of $98.60 in trading yesterday, gaining 3.1% on the day, as it flirts with the $100 level.
The stock’s recent performance showed improvements compared to historical averages, surpassing the fifty-day moving average price aswell as the two-hundred-day moving average. These figures indicate a bullish trend for the company’s shares in the short to mid-term periods.
In the most recent financial report, Starbucks reported quarterly earnings of $0.93 per share, aligning perfectly with consensus estimates provided by analysts. Revenue figures, however, were just shy of analyst expectations, with the company generating $9.11 billion for the quarter against the $925 billion expected.
This marks a solid improvement on the previous two quarters, where SBUX came in with a miss on both EPS and revenues. The latest quarter’s numbers came in at $0.68 EPS, on revenues of $8.56 billion, so there is clear upward trajectory over the last half year.
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In terms of shareholder returns, Starbucks has announced a quarterly dividend of $0.57 per share. The dividend yield stands at a healthy 2.43%, paired with a payout ratio of 62.81%, signaling a commitment to returning value to its shareholders.
Markets will be keeping an eye on Starbucks’ performance, particularly as the new CEO takes the reigns. Despite the recent operational hurdles, Starbucks remains a staple in the global coffee industry and one that will continue to garner attention.
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