Wall Street analysts expect Costco Wholesale Corporation (NASDAQ:COST) to post $1.32 earnings per share for the current fiscal quarter, according to Zacks. Seven analysts have made estimates for Costco Wholesale Corporation’s earnings, with the lowest EPS estimate coming in at $1.24 and the highest estimate coming in at $1.40. Costco Wholesale Corporation reported earnings of $1.17 per share during the same quarter last year, which would indicate a positive year over year growth rate of 12.8%. The business is expected to issue its next earnings report on Wednesday, December 6th.
According to Zacks, analysts expect that Costco Wholesale Corporation will report full year earnings of $6.44 per share for the current financial year, with EPS estimates ranging from $6.30 to $6.65. For the next fiscal year, analysts expect that the firm will report earnings of $7.01 per share, with EPS estimates ranging from $6.75 to $7.26. Zacks’ earnings per share averages are an average based on a survey of research firms that that provide coverage for Costco Wholesale Corporation.
Costco Wholesale Corporation (NASDAQ:COST) last announced its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06. The business had revenue of $42.30 billion during the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a return on equity of 22.33% and a net margin of 2.08%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 EPS.
A number of equities analysts have recently weighed in on the company. UBS AG raised Costco Wholesale Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, June 26th. Sanford C. Bernstein reissued a “hold” rating on shares of Costco Wholesale Corporation in a report on Thursday, July 6th. Vetr cut Costco Wholesale Corporation from a “buy” rating to a “sell” rating and set a $158.38 price target for the company. in a report on Monday, June 19th. Cowen and Company reissued an “outperform” rating on shares of Costco Wholesale Corporation in a report on Monday, July 24th. Finally, Stifel Nicolaus set a $173.00 price target on Costco Wholesale Corporation and gave the stock a “buy” rating in a report on Thursday, August 3rd. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $178.50.
In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction on Monday, October 2nd. The stock was sold at an average price of $164.92, for a total value of $164,920.00. Following the completion of the sale, the director now owns 6,974 shares in the company, valued at $1,150,152.08. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 3,000 shares of company stock valued at $481,760 in the last 90 days. Corporate insiders own 0.74% of the company’s stock.
Several large investors have recently made changes to their positions in COST. Waldron LP purchased a new stake in shares of Costco Wholesale Corporation during the first quarter worth $223,000. State Treasurer State of Michigan raised its holdings in shares of Costco Wholesale Corporation by 0.8% during the first quarter. State Treasurer State of Michigan now owns 144,136 shares of the retailer’s stock worth $24,170,000 after acquiring an additional 1,200 shares in the last quarter. Pillar Pacific Capital Management LLC raised its holdings in shares of Costco Wholesale Corporation by 0.4% during the first quarter. Pillar Pacific Capital Management LLC now owns 40,047 shares of the retailer’s stock worth $6,715,000 after acquiring an additional 175 shares in the last quarter. Wrapmanager Inc. raised its holdings in shares of Costco Wholesale Corporation by 7.7% during the first quarter. Wrapmanager Inc. now owns 1,935 shares of the retailer’s stock worth $324,000 after acquiring an additional 139 shares in the last quarter. Finally, Signature Estate & Investment Advisors LLC raised its holdings in shares of Costco Wholesale Corporation by 60.4% during the first quarter. Signature Estate & Investment Advisors LLC now owns 1,890 shares of the retailer’s stock worth $317,000 after acquiring an additional 712 shares in the last quarter. Institutional investors and hedge funds own 72.49% of the company’s stock.
Shares of Costco Wholesale Corporation (COST) traded down 0.27% on Tuesday, hitting $158.38. The stock had a trading volume of 2,426,824 shares. The company has a market cap of $69.24 billion, a price-to-earnings ratio of 26.05 and a beta of 0.94. The firm’s 50-day moving average is $160.27 and its 200-day moving average is $164.46. Costco Wholesale Corporation has a one year low of $142.11 and a one year high of $183.18.
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About Costco Wholesale Corporation
Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.
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