Costco Wholesale (COST) to Release Quarterly Earnings on Thursday

Costco Wholesale (NASDAQ:COST) is scheduled to issue its quarterly earnings data after the market closes on Thursday, December 14th. Analysts expect the company to announce earnings of $1.31 per share for the quarter.

Costco Wholesale (NASDAQ:COST) last released its earnings results on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $2.02 by $0.06. The company had revenue of $42.30 billion for the quarter, compared to analyst estimates of $41.55 billion. Costco Wholesale had a net margin of 2.08% and a return on equity of 22.21%. The firm’s quarterly revenue was up 15.7% on a year-over-year basis. During the same period in the prior year, the firm earned $1.77 EPS. On average, analysts expect Costco Wholesale to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Costco Wholesale (COST) opened at $187.22 on Thursday. The stock has a market cap of $82,835.75, a PE ratio of 32.57, a price-to-earnings-growth ratio of 3.02 and a beta of 0.98. The company has a quick ratio of 0.43, a current ratio of 0.99 and a debt-to-equity ratio of 0.59. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $191.22.

The company also recently announced a quarterly dividend, which was paid on Friday, December 1st. Shareholders of record on Friday, November 17th were issued a $0.50 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.00 dividend on an annualized basis and a yield of 1.07%. Costco Wholesale’s dividend payout ratio (DPR) is 32.89%.

In related news, Director John W. Meisenbach sold 3,000 shares of the stock in a transaction that occurred on Friday, December 1st. The shares were sold at an average price of $183.26, for a total transaction of $549,780.00. Following the completion of the sale, the director now owns 8,654 shares of the company’s stock, valued at approximately $1,585,932.04. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider John D. Mckay sold 8,111 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was sold at an average price of $172.78, for a total transaction of $1,401,418.58. Following the sale, the insider now directly owns 66,751 shares of the company’s stock, valued at approximately $11,533,237.78. The disclosure for this sale can be found here. In the last three months, insiders have sold 32,842 shares of company stock valued at $5,520,848. Corporate insiders own 0.74% of the company’s stock.

COST has been the topic of a number of recent research reports. TheStreet upgraded shares of Costco Wholesale from a “c” rating to a “b” rating in a report on Monday, October 9th. Robert W. Baird restated a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale in a report on Friday, August 25th. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a report on Thursday, August 24th. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $176.00 price objective for the company in a research note on Tuesday, September 12th. Finally, UBS reaffirmed a “buy” rating and set a $190.00 price objective on shares of Costco Wholesale in a research note on Thursday, August 31st. One analyst has rated the stock with a sell rating, eleven have given a hold rating and seventeen have given a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $179.50.

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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.

Earnings History for Costco Wholesale (NASDAQ:COST)

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