Brokerages forecast that Costco Wholesale Co. (NASDAQ:COST – Get Rating) will announce earnings of $3.01 per share for the current quarter, according to Zacks. Eight analysts have issued estimates for Costco Wholesale’s earnings. The lowest EPS estimate is $2.80 and the highest is $3.25. Costco Wholesale posted earnings per share of $2.75 during the same quarter last year, which suggests a positive year over year growth rate of 9.5%. The business is expected to report its next quarterly earnings report after the market closes on Monday, January 1st.
According to Zacks, analysts expect that Costco Wholesale will report full year earnings of $13.00 per share for the current financial year, with EPS estimates ranging from $12.72 to $13.32. For the next year, analysts expect that the company will post earnings of $14.27 per share, with EPS estimates ranging from $13.75 to $15.08. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research analysts that follow Costco Wholesale.
Costco Wholesale (NASDAQ:COST – Get Rating) last announced its earnings results on Thursday, March 3rd. The retailer reported $2.92 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $51.90 billion for the quarter, compared to analysts’ expectations of $51.51 billion. During the same period last year, the firm posted $2.14 earnings per share. The business’s revenue for the quarter was up 15.9% on a year-over-year basis.
In other news, Director Kenneth D. Denman sold 250 shares of the firm’s stock in a transaction dated Wednesday, March 23rd. The shares were sold at an average price of $554.67, for a total value of $138,667.50. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Claudine Adamo sold 500 shares of the business’s stock in a transaction that occurred on Friday, April 8th. The stock was sold at an average price of $602.03, for a total transaction of $301,015.00. Following the sale, the executive vice president now directly owns 9,939 shares in the company, valued at approximately $5,983,576.17. The disclosure for this sale can be found here. Insiders sold a total of 9,248 shares of company stock valued at $5,417,137 over the last quarter. Company insiders own 0.22% of the company’s stock.
A number of institutional investors have recently bought and sold shares of the business. Contravisory Investment Management Inc. acquired a new stake in shares of Costco Wholesale in the first quarter worth $26,000. Evolution Advisers Inc. acquired a new stake in Costco Wholesale during the 4th quarter worth about $28,000. Comprehensive Financial Consultants Institutional Inc. purchased a new position in shares of Costco Wholesale during the 4th quarter valued at about $30,000. Lansing Street Advisors purchased a new position in shares of Costco Wholesale during the 1st quarter valued at about $41,000. Finally, Mystic Asset Management Inc. purchased a new stake in shares of Costco Wholesale in the fourth quarter worth about $40,000. Institutional investors and hedge funds own 67.52% of the company’s stock.
NASDAQ COST traded up $10.64 during trading hours on Monday, hitting $427.07. 114,135 shares of the company’s stock traded hands, compared to its average volume of 2,690,394. Costco Wholesale has a 52 week low of $375.50 and a 52 week high of $612.27. The firm has a market capitalization of $189.29 billion, a P/E ratio of 34.41, a P/E/G ratio of 3.56 and a beta of 0.70. The company has a current ratio of 1.03, a quick ratio of 0.51 and a debt-to-equity ratio of 0.33. The business’s fifty day moving average price is $547.00 and its two-hundred day moving average price is $533.57.
The company also recently announced a quarterly dividend, which was paid on Friday, May 13th. Shareholders of record on Friday, April 29th were given a dividend of $0.90 per share. The ex-dividend date was Thursday, April 28th. This is a positive change from Costco Wholesale’s previous quarterly dividend of $0.79. This represents a $3.60 dividend on an annualized basis and a yield of 0.84%. Costco Wholesale’s payout ratio is 29.01%.
Costco Wholesale Company Profile (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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