Costco Wholesale Co. (COST) Expected to Post Earnings of $2.29 Per Share
Equities analysts forecast that Costco Wholesale Co. (NASDAQ:COST) will post earnings of $2.29 per share for the current fiscal quarter, according to Zacks. Six analysts have provided estimates for Costco Wholesale’s earnings. The highest EPS estimate is $2.34 and the lowest is $2.18. Costco Wholesale reported earnings per share of $2.08 during the same quarter last year, which would suggest a positive year-over-year growth rate of 10.1%. The business is scheduled to announce its next earnings report on Thursday, October 4th.
On average, analysts expect that Costco Wholesale will report full-year earnings of $6.97 per share for the current year, with EPS estimates ranging from $6.74 to $7.07. For the next year, analysts expect that the company will report earnings of $7.66 per share, with EPS estimates ranging from $7.40 to $8.05. Zacks Investment Research’s EPS averages are a mean average based on a survey of sell-side analysts that follow Costco Wholesale.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Thursday, May 31st. The retailer reported $1.70 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.68 by $0.02. Costco Wholesale had a net margin of 2.16% and a return on equity of 24.67%. The firm had revenue of $32.36 billion during the quarter, compared to analysts’ expectations of $31.89 billion. During the same period in the prior year, the company posted $1.40 EPS. The company’s revenue was up 12.1% on a year-over-year basis.
In other Costco Wholesale news, Director John W. Meisenbach sold 3,000 shares of the firm’s stock in a transaction on Monday, July 2nd. The shares were sold at an average price of $208.42, for a total value of $625,260.00. Following the transaction, the director now directly owns 8,654 shares of the company’s stock, valued at $1,803,666.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Timothy L. Rose sold 2,500 shares of the firm’s stock in a transaction on Wednesday, June 13th. The shares were sold at an average price of $205.19, for a total transaction of $512,975.00. Following the completion of the transaction, the vice president now directly owns 20,403 shares in the company, valued at $4,186,491.57. The disclosure for this sale can be found here. Insiders sold 38,884 shares of company stock valued at $7,805,926 over the last 90 days. Corporate insiders own 0.58% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. lifted its position in shares of Costco Wholesale by 137.0% during the fourth quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock valued at $105,000 after purchasing an additional 326 shares in the last quarter. Well Done LLC bought a new position in shares of Costco Wholesale during the first quarter valued at about $109,000. Smart Portfolios LLC bought a new position in shares of Costco Wholesale during the first quarter valued at about $113,000. Trilogy Capital Inc. bought a new position in shares of Costco Wholesale during the first quarter valued at about $116,000. Finally, American Beacon Advisors Inc. bought a new position in shares of Costco Wholesale during the fourth quarter valued at about $120,000. 71.36% of the stock is currently owned by hedge funds and other institutional investors.
NASDAQ COST traded down $0.75 on Friday, hitting $210.95. The company’s stock had a trading volume of 1,465,127 shares, compared to its average volume of 2,280,952. The company has a debt-to-equity ratio of 0.52, a quick ratio of 0.47 and a current ratio of 1.01. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $212.70. The stock has a market cap of $92.51 billion, a P/E ratio of 36.26, a price-to-earnings-growth ratio of 2.80 and a beta of 0.95.
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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