Costco Wholesale (NASDAQ:COST) Announces Earnings Results, Beats Expectations By $0.15 EPS

Costco Wholesale (NASDAQ:COST) posted its quarterly earnings data on Thursday. The retailer reported $2.69 earnings per share for the quarter, beating the Zacks’ consensus estimate of $2.54 by $0.15, reports. The business had revenue of $47.50 billion during the quarter, compared to the consensus estimate of $47.71 billion. Costco Wholesale had a return on equity of 25.63% and a net margin of 2.40%. Costco Wholesale’s quarterly revenue was up 7.0% on a year-over-year basis. During the same period in the prior year, the business posted $2.36 earnings per share.

COST stock opened at $291.67 on Friday. The stock has a market capitalization of $127.10 billion, a PE ratio of 35.24, a price-to-earnings-growth ratio of 3.74 and a beta of 0.94. The company’s 50-day moving average is $287.59 and its 200-day moving average is $263.95. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.98 and a quick ratio of 0.48. Costco Wholesale has a 1 year low of $189.51 and a 1 year high of $307.34.

The business also recently disclosed a quarterly dividend, which was paid on Friday, September 13th. Stockholders of record on Friday, August 30th were given a dividend of $0.65 per share. The ex-dividend date was Thursday, August 29th. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.89%. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.75%.

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. increased their price objective on Costco Wholesale from $271.00 to $330.00 and gave the company an “overweight” rating in a report on Monday, September 9th. Sanford C. Bernstein downgraded Costco Wholesale from a “market perform” rating to an “underperform” rating and increased their price objective for the company from $220.00 to $230.00 in a report on Wednesday, September 18th. Stifel Nicolaus increased their price target on Costco Wholesale from $289.00 to $310.00 and gave the stock a “buy” rating in a report on Friday, September 6th. BidaskClub downgraded Costco Wholesale from a “strong-buy” rating to a “buy” rating in a report on Thursday, September 12th. Finally, Evercore ISI reiterated a “buy” rating on shares of Costco Wholesale in a report on Sunday, August 11th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and seventeen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $293.13.

About Costco Wholesale

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.

See Also: Fiduciary

Earnings History for Costco Wholesale (NASDAQ:COST)

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