Zacks: Analysts Anticipate Costco Wholesale Co. (COST) Will Post Earnings of $1.43 Per Share

Equities analysts expect Costco Wholesale Co. (NASDAQ:COST) to post earnings of $1.43 per share for the current quarter, Zacks Investment Research reports. Seven analysts have made estimates for Costco Wholesale’s earnings, with estimates ranging from $1.38 to $1.49. Costco Wholesale posted earnings of $1.17 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 22.2%. The firm is scheduled to announce its next earnings report on Thursday, March 1st.

According to Zacks, analysts expect that Costco Wholesale will report full-year earnings of $6.61 per share for the current fiscal year, with EPS estimates ranging from $6.45 to $6.96. For the next year, analysts anticipate that the business will report earnings of $7.32 per share, with EPS estimates ranging from $6.95 to $7.80. Zacks’ EPS calculations are a mean average based on a survey of research firms that that provide coverage for Costco Wholesale.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings results on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The company had revenue of $31.81 billion during the quarter, compared to the consensus estimate of $31.01 billion. During the same period in the prior year, the company earned $1.24 EPS. Costco Wholesale’s revenue was up 13.2% on a year-over-year basis.

A number of brokerages have weighed in on COST. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $191.00 price target for the company in a report on Friday. Telsey Advisory Group reissued an “outperform” rating and issued a $195.00 price target on shares of Costco Wholesale in a report on Friday. Oppenheimer upped their price target on shares of Costco Wholesale from $180.00 to $210.00 and gave the company an “outperform” rating in a report on Monday, January 8th. Tigress Financial reissued a “buy” rating on shares of Costco Wholesale in a report on Friday, January 5th. Finally, Vetr raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $200.28 price target for the company in a report on Thursday, January 4th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. Costco Wholesale currently has a consensus rating of “Buy” and an average price target of $188.90.

In other news, VP Richard A. Galanti sold 5,000 shares of the company’s stock in a transaction dated Friday, October 20th. The stock was sold at an average price of $160.58, for a total value of $802,900.00. Following the transaction, the vice president now owns 41,396 shares in the company, valued at approximately $6,647,369.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Richard M. Libenson sold 20,000 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $193.03, for a total value of $3,860,600.00. Following the completion of the transaction, the director now owns 3,919 shares in the company, valued at approximately $756,484.57. The disclosure for this sale can be found here. Insiders sold a total of 87,027 shares of company stock worth $15,872,935 in the last quarter. 0.58% of the stock is owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of COST. Perkins Coie Trust Co increased its holdings in shares of Costco Wholesale by 91.7% in the 2nd quarter. Perkins Coie Trust Co now owns 3,528 shares of the retailer’s stock valued at $564,000 after purchasing an additional 1,688 shares during the period. Country Club Trust Company n.a. increased its holdings in shares of Costco Wholesale by 4.5% in the 2nd quarter. Country Club Trust Company n.a. now owns 2,890 shares of the retailer’s stock valued at $462,000 after purchasing an additional 125 shares during the period. Koshinski Asset Management Inc. increased its holdings in Costco Wholesale by 320.4% in the second quarter. Koshinski Asset Management Inc. now owns 5,507 shares of the retailer’s stock worth $881,000 after buying an additional 4,197 shares during the last quarter. Dynamic Advisors Solutions LLC increased its holdings in Costco Wholesale by 0.8% in the second quarter. Dynamic Advisors Solutions LLC now owns 8,484 shares of the retailer’s stock worth $1,357,000 after buying an additional 66 shares during the last quarter. Finally, Atria Investments LLC increased its holdings in Costco Wholesale by 26.1% in the second quarter. Atria Investments LLC now owns 14,080 shares of the retailer’s stock worth $2,252,000 after buying an additional 2,912 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Shares of Costco Wholesale (NASDAQ COST) opened at $191.84 on Tuesday. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $195.35. The company has a debt-to-equity ratio of 0.57, a current ratio of 0.98 and a quick ratio of 0.43. The firm has a market cap of $84,250.00, a PE ratio of 30.50, a price-to-earnings-growth ratio of 3.18 and a beta of 0.98.

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Costco Wholesale Company Profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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Earnings History and Estimates for Costco Wholesale (NASDAQ:COST)

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