SBUX is trading at 28.7X forward 12-month earnings estimates. This marks a premium compared to its industry's 24.8X and its own three-year low of 18.6X. But investors have been willing to pay more for Starbucks for nearly all of the last decade and it has traded as high as 32.2X as recently as July 2019. Meanwhile, the company returned $12 billion to shareholders in fiscal 2019 through buybacks and dividends. The firm also raised its quarterly dividend by 14% to $0.41 per share for 2020 to help its yield rest at 1.82% at the moment, which roughly matches the 10-year U.S. Treasury and Walmart ( WMT - Free Report ). Outlook Looking ahead, our Zacks estimates call for Starbucks' Q1 fiscal 2020 revenue to jump 6.8% to reach $7.08 billion. The firm's full-year sales are projected to pop 7.1% to $28.38 billion, with 2021 expected to come in another 7.7% higher. These would both roughly match 2019's 7.2% top-line growth. On top of that, our Key Company Metrics call for its comps to pop 3.6%.