Equities research analysts expect Costco Wholesale Co. (NASDAQ:COST – Get Rating) to post sales of $50.57 billion for the current fiscal quarter, Zacks reports. Eight analysts have provided estimates for Costco Wholesale’s earnings, with the lowest sales estimate coming in at $48.18 billion and the highest estimate coming in at $52.90 billion. Costco Wholesale posted sales of $45.28 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 11.7%. The business is scheduled to issue its next earnings report on Monday, January 1st.
According to Zacks, analysts expect that Costco Wholesale will report full-year sales of $221.89 billion for the current financial year, with estimates ranging from $216.61 billion to $227.08 billion. For the next fiscal year, analysts forecast that the business will post sales of $240.15 billion, with estimates ranging from $231.14 billion to $250.25 billion. Zacks Investment Research’s sales averages are an average based on a survey of research analysts that that provide coverage for Costco Wholesale.
Costco Wholesale (NASDAQ:COST – Get Rating) last released its earnings results on Thursday, March 3rd. The retailer reported $2.92 EPS for the quarter, topping the Zacks’ consensus estimate of $2.74 by $0.18. Costco Wholesale had a return on equity of 30.10% and a net margin of 2.62%. The firm had revenue of $51.90 billion during the quarter, compared to the consensus estimate of $51.51 billion. During the same quarter in the previous year, the company posted $2.14 earnings per share. The company’s revenue was up 15.9% compared to the same quarter last year.
Costco Wholesale stock opened at $590.39 on Wednesday. The company has a quick ratio of 0.51, a current ratio of 1.03 and a debt-to-equity ratio of 0.33. Costco Wholesale has a 52 week low of $364.27 and a 52 week high of $612.27. The company has a market capitalization of $261.67 billion, a price-to-earnings ratio of 47.57, a price-to-earnings-growth ratio of 4.99 and a beta of 0.68. The stock has a 50-day moving average price of $545.09 and a 200 day moving average price of $523.24.
The business also recently declared a quarterly dividend, which will be paid on Friday, May 13th. Shareholders of record on Friday, April 29th will be given a dividend of $0.90 per share. This is an increase from Costco Wholesale’s previous quarterly dividend of $0.79. The ex-dividend date of this dividend is Thursday, April 28th. This represents a $3.60 annualized dividend and a yield of 0.61%. Costco Wholesale’s dividend payout ratio (DPR) is presently 25.46%.
In other Costco Wholesale news, insider Daniel M. Hines sold 4,498 shares of the firm’s stock in a transaction on Friday, April 8th. The stock was sold at an average price of $603.00, for a total transaction of $2,712,294.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kenneth D. Denman sold 250 shares of the firm’s stock in a transaction on Wednesday, March 23rd. The stock was sold at an average price of $554.67, for a total value of $138,667.50. The disclosure for this sale can be found here. Insiders have sold 12,566 shares of company stock valued at $7,051,086 in the last three months. 0.22% of the stock is currently owned by company insiders.
Several hedge funds have recently bought and sold shares of the company. Ford Financial Group LLC boosted its holdings in Costco Wholesale by 2.4% in the first quarter. Ford Financial Group LLC now owns 821 shares of the retailer’s stock valued at $472,000 after acquiring an additional 19 shares during the last quarter. Magnus Financial Group LLC boosted its holdings in Costco Wholesale by 3.3% in the third quarter. Magnus Financial Group LLC now owns 631 shares of the retailer’s stock valued at $283,000 after acquiring an additional 20 shares during the last quarter. Cranbrook Wealth Management LLC boosted its holdings in Costco Wholesale by 24.4% in the third quarter. Cranbrook Wealth Management LLC now owns 102 shares of the retailer’s stock valued at $46,000 after acquiring an additional 20 shares during the last quarter. Cordasco Financial Network boosted its holdings in Costco Wholesale by 23.8% in the third quarter. Cordasco Financial Network now owns 104 shares of the retailer’s stock valued at $47,000 after acquiring an additional 20 shares during the last quarter. Finally, Tempus Wealth Planning LLC lifted its stake in shares of Costco Wholesale by 1.0% during the fourth quarter. Tempus Wealth Planning LLC now owns 1,962 shares of the retailer’s stock worth $1,114,000 after purchasing an additional 20 shares in the last quarter. Institutional investors and hedge funds own 66.74% of the company’s stock.
About Costco Wholesale (Get Rating)
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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