NEW YORK (TheStreet) -- Starbucks (SBUX) - Get Report stock is declining by 2.32% to $61.05 in after-hours trading on Thursday, following the release of the company's 2015 fourth quarter financial results.
The specialty coffee retailer reported earnings of 43 cents per share for the most recent quarter, higher by 16.2% from 37 cents per share in the year ago period.
Revenue increased by 18% year over year, to $4.91 billion from $4.18 billion in the 2014 fourth quarter.
Analysts had estimated for earnings of 43 cents per share on $4.9 billion in revenue for the latest quarter.
Starbucks declared a dividend of 20 cents per share, higher by 25%, payable on November 27.
"Starbucks record Q4 financial results, highlighted by stunning comp store sales increases of 8% globally, 9% in the U.S. driven by a 4% increase in global traffic, demonstrate the strength and relevance of the Starbucks brand around the world," CEO Howard Schultz said in a statement.
Separately, TheStreet Ratings team rates STARBUCKS CORP as a Buy with a ratings score of A. TheStreet Ratings Team has this to say about their recommendation:
We rate STARBUCKS CORP (SBUX) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its revenue growth, solid stock price performance, impressive record of earnings per share growth, compelling growth in net income and notable return on equity. We feel its strengths outweigh the fact that the company is trading at a premium valuation based on our review of its current price compared to such things as earnings and book value.
You can view the full analysis from the report here: SBUX