Brokers expect Costco Wholesale Co. (NASDAQ:COST – Get Rating) to report earnings per share (EPS) of $2.97 for the current quarter, according to Zacks. Eight analysts have released earnings estimates for Costco Wholesale, with the lowest EPS estimate at $2.85 and the highest at $3.35. Costco Wholesale posted earnings per share of $2.75 in the same quarter last year, suggesting a positive year-over-year growth rate of 8%. The company is due to release its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect Costco Wholesale to report annual earnings of $12.96 per share for the current fiscal year, with EPS estimates ranging from $12.64 to $13.15. For next year, analysts expect the company to post earnings of $14.17 per share, with EPS estimates ranging from $13.65 to $14.83. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side analysts who cover Costco Wholesale.
Costco Wholesale (NASDAQ:COST – Get Rating) last released quarterly earnings data on Thursday, March 3. The retailer reported earnings per share of $2.92 for the quarter, beating the Zacks consensus estimate of $2.74 by $0.18. Costco Wholesale had a net margin of 2.62% and a return on equity of 30.10%. The company posted revenue of $51.90 billion in the quarter, versus $51.51 billion expected by analysts. During the same period last year, the company posted EPS of $2.14. The company’s revenue increased 15.9% year over year.
Several analysts have commented on the title. BMO Capital Markets raised its price target on Costco Wholesale shares from $560.00 to $580.00 and gave the stock an “outperform” rating in a Friday, March 4 research note. Citigroup raised its price target on Costco Wholesale shares from $550.00 to $555.00 in a Thursday, Jan. 6 research note. Deutsche Bank Aktiengesellschaft raised its price target on Costco Wholesale shares from $482.00 to $491.00 and gave the stock a “holding” rating in a Monday, March 7 research note. Cowen raised his price target on Costco Wholesale shares from $520.00 to $630.00 and gave the stock an “outperform” rating in a Thursday, Jan. 6, research note. Finally, Morgan Stanley raised its price target on Costco Wholesale shares from $510.00 to $560.00 and gave the stock an “overweight” rating in a Friday, Dec. 10 research note. They noted that the move was a review call. Six equity research analysts gave the stock a hold rating and twenty-two gave the company’s stock a buy rating. According to MarketBeat, Costco Wholesale has a consensus rating of “Buy” and an average price target of $551.89.
Separately, Vice President Roland Michael Vachris sold 3,318 shares of the company in a transaction dated Thursday, January 27. The shares were sold at an average price of $492.45, for a total value of $1,633,949.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, accessible via this hyperlink. 0.22% of the shares are currently held by insiders.
Several institutional investors and hedge funds have recently increased or reduced their stake in the company. Core Alternative Capital purchased a new stake in Costco Wholesale stock during Q3 worth approximately $25,000. Evolution Advisers Inc. purchased a new stake in shares of Costco Wholesale during Q4 valued at approximately $28,000. Comprehensive Financial Consultants Institutional Inc. purchased a new stake in Costco Wholesale stock during Q4, valued at approximately $30,000. PSI Advisors LLC purchased a new stake in shares of Costco Wholesale during Q3, valued at approximately $37,000. Finally, Canton Hathaway LLC purchased a new stake in Costco Wholesale stock during Q3 valued at approximately $38,000. 66.74% of the shares are held by institutional investors.
Shares of COST opened at $555.53 on Tuesday. The company has a debt ratio of 0.33, a current ratio of 1.03 and a quick ratio of 0.51. The company has a 50-day simple moving average of $515.84 and a 200-day simple moving average of $508.31. Costco Wholesale has a 1-year minimum of $328.19 and a 1-year maximum of $571.49. The stock has a market capitalization of $246.22 billion, a price-to-earnings ratio of 44.76, a growth price-to-earnings ratio of 4.87 and a beta of 0.67.
The company also recently announced a quarterly dividend, which was paid on Friday, February 18. Shareholders of record on Friday, February 4 received a dividend of $0.79. This represents an annualized dividend of $3.16 and a dividend yield of 0.57%. The ex-dividend date was Thursday, February 3. Costco Wholesale’s payout ratio is currently 25.46%.
About Costco Wholesale (Get an evaluation)
Costco Wholesale Corp. operates membership warehouses. The Company’s product categories include Food and Sundries, Hard Foods, Fresh Foods, Non-Alcoholic Products and Ancillary Products. It operates through the following segments: United States Operations, Canadian Operations and Other International Operations.
Get a Free Copy of Zacks Research Report on Costco Wholesale (COST)
For more information on Zacks Investment Research’s research offerings, visit Zacks.com
This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]
Should you invest $1,000 in Costco Wholesale right now?
Before you consider Costco Wholesale, you’ll want to hear this.
MarketBeat tracks Wall Street’s top-rated, top-performing research analysts daily and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market ripples…and Costco Wholesale wasn’t on the list.
While Costco Wholesale currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.
See the 5 actions here