Costco Wholesale (NASDAQ:COST) Issues Earnings Results

Costco Wholesale (NASDAQ:COST) released its quarterly earnings data on Thursday. The retailer reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02, reports. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The company had revenue of $37.04 billion for the quarter, compared to the consensus estimate of $37.40 billion. During the same period in the previous year, the business earned $1.61 earnings per share. The company’s quarterly revenue was up 5.6% on a year-over-year basis.

NASDAQ COST opened at $297.34 on Friday. The stock has a 50-day simple moving average of $298.92 and a 200 day simple moving average of $282.70. The company has a market capitalization of $130.46 billion, a PE ratio of 36.31, a P/E/G ratio of 4.06 and a beta of 0.91. The company has a current ratio of 1.01, a quick ratio of 0.52 and a debt-to-equity ratio of 0.33. Costco Wholesale has a 12 month low of $189.51 and a 12 month high of $307.34.

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 15th. Investors of record on Friday, November 1st were paid a dividend of $0.65 per share. The ex-dividend date of this dividend was Thursday, October 31st. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.87%. Costco Wholesale’s dividend payout ratio (DPR) is presently 31.75%.

In related news, VP Joseph P. Portera sold 14,095 shares of Costco Wholesale stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $299.52, for a total transaction of $4,221,734.40. Following the transaction, the vice president now owns 6,211 shares of the company’s stock, valued at approximately $1,860,318.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Paul G. Moulton sold 3,978 shares of Costco Wholesale stock in a transaction that occurred on Friday, November 8th. The stock was sold at an average price of $303.05, for a total transaction of $1,205,532.90. Following the transaction, the vice president now directly owns 29,565 shares in the company, valued at approximately $8,959,673.25. The disclosure for this sale can be found here. Insiders sold 36,780 shares of company stock valued at $11,032,292 in the last quarter. 0.21% of the stock is currently owned by corporate insiders.

A number of equities analysts have recently issued reports on COST shares. Nomura assumed coverage on Costco Wholesale in a report on Friday, November 8th. They issued a “neutral” rating and a $300.00 target price for the company. BidaskClub downgraded Costco Wholesale from a “hold” rating to a “sell” rating in a research report on Thursday, November 28th. Telsey Advisory Group boosted their price target on Costco Wholesale from $305.00 to $315.00 and gave the company an “outperform” rating in a research note on Friday, October 4th. Gordon Haskett upgraded Costco Wholesale from a “hold” rating to an “accumulate” rating and upped their price target for the company from $255.00 to $330.00 in a research report on Friday, September 20th. Finally, Guggenheim reiterated a “hold” rating on shares of Costco Wholesale in a research report on Thursday, October 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have assigned a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $295.65.

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 for Costco Wholesale (NASDAQ:COST)

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