$1.61 EPS Expected for Costco Wholesale Co. (COST) This Quarter

Analysts predict that Costco Wholesale Co. (NASDAQ:COST) will announce earnings per share (EPS) of $1.61 for the current quarter, according to Zacks. Six analysts have made estimates for Costco Wholesale’s earnings. The lowest EPS estimate is $1.47 and the highest is $1.76. Costco Wholesale posted earnings per share of $1.36 during the same quarter last year, which indicates a positive year-over-year growth rate of 18.4%. The company is scheduled to report its next quarterly earnings results after the market closes on Thursday, December 13th.

According to Zacks, analysts expect that Costco Wholesale will report full-year earnings of $7.68 per share for the current fiscal year, with EPS estimates ranging from $7.35 to $7.89. For the next fiscal year, analysts expect that the company will report earnings of $8.28 per share, with EPS estimates ranging from $7.91 to $8.57. Zacks’ earnings per share calculations are an average based on a survey of sell-side analysts that cover Costco Wholesale.

Costco Wholesale (NASDAQ:COST) last posted its quarterly earnings results on Thursday, October 4th. The retailer reported $2.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $2.34 by $0.02. Costco Wholesale had a net margin of 2.21% and a return on equity of 24.67%. The business had revenue of $44.41 billion for the quarter, compared to the consensus estimate of $44.17 billion. During the same period in the prior year, the business posted $2.08 earnings per share. Costco Wholesale’s revenue for the quarter was up 5.0% compared to the same quarter last year.

A number of brokerages recently issued reports on COST. Oppenheimer upped their price objective on shares of Costco Wholesale from $210.00 to $250.00 and gave the stock an “outperform” rating in a report on Tuesday, August 21st. Zacks Investment Research upgraded shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $270.00 price objective for the company in a report on Tuesday, September 11th. Royal Bank of Canada decreased their price objective on shares of Costco Wholesale from $255.00 to $253.00 and set an “outperform” rating for the company in a report on Friday, October 5th. Argus reiterated a “buy” rating and issued a $255.00 price objective on shares of Costco Wholesale in a report on Thursday, October 11th. Finally, BidaskClub cut shares of Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 19th. Nine research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Costco Wholesale currently has an average rating of “Buy” and a consensus target price of $237.94.

In related news, Director Richard M. Libenson sold 2,049 shares of the stock in a transaction dated Thursday, October 25th. The shares were sold at an average price of $224.00, for a total value of $458,976.00. Following the completion of the sale, the director now owns 3,049 shares in the company, valued at $682,976. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, VP Richard A. Galanti sold 4,163 shares of the stock in a transaction dated Tuesday, October 30th. The shares were sold at an average price of $227.23, for a total transaction of $945,958.49. Following the completion of the sale, the vice president now owns 32,270 shares of the company’s stock, valued at approximately $7,332,712.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 64,312 shares of company stock valued at $14,547,272. 0.58% of the stock is owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in COST. Bank of New York Mellon Corp lifted its stake in shares of Costco Wholesale by 55,048.5% in the third quarter. Bank of New York Mellon Corp now owns 5,504,928 shares of the retailer’s stock valued at $1,292,998,000 after buying an additional 5,494,946 shares during the period. FMR LLC lifted its stake in shares of Costco Wholesale by 13.5% in the second quarter. FMR LLC now owns 10,570,895 shares of the retailer’s stock valued at $2,209,107,000 after buying an additional 1,256,873 shares during the period. BlackRock Inc. lifted its stake in shares of Costco Wholesale by 3.4% in the third quarter. BlackRock Inc. now owns 28,041,444 shares of the retailer’s stock valued at $6,586,376,000 after buying an additional 919,651 shares during the period. Canada Pension Plan Investment Board lifted its stake in shares of Costco Wholesale by 180.4% in the third quarter. Canada Pension Plan Investment Board now owns 629,963 shares of the retailer’s stock valued at $147,966,000 after buying an additional 405,323 shares during the period. Finally, PNC Financial Services Group Inc. lifted its stake in shares of Costco Wholesale by 141.7% in the third quarter. PNC Financial Services Group Inc. now owns 495,820 shares of the retailer’s stock valued at $116,459,000 after buying an additional 290,701 shares during the period. Institutional investors and hedge funds own 71.61% of the company’s stock.

Shares of NASDAQ:COST opened at $234.14 on Friday. The firm has a market capitalization of $102.75 billion, a P/E ratio of 34.28, a price-to-earnings-growth ratio of 2.99 and a beta of 0.91. Costco Wholesale has a 1 year low of $167.05 and a 1 year high of $245.16. The company has a debt-to-equity ratio of 0.50, a current ratio of 1.02 and a quick ratio of 0.46.

The business also recently announced a quarterly dividend, which will be paid on Friday, November 23rd. Investors of record on Friday, November 9th will be paid a $0.57 dividend. This represents a $2.28 annualized dividend and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, November 8th. Costco Wholesale’s payout ratio is presently 33.38%.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

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Earnings History and Estimates for Costco Wholesale (NASDAQ:COST)

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