Q2 2018 EPS Estimates for Costco Wholesale Co. Raised by Jefferies Group (COST)

Costco Wholesale Co. (NASDAQ:COST) – Investment analysts at Jefferies Group increased their Q2 2018 EPS estimates for shares of Costco Wholesale in a report issued on Thursday. Jefferies Group analyst D. Binder now anticipates that the retailer will earn $1.44 per share for the quarter, up from their previous forecast of $1.42. Jefferies Group currently has a “Hold” rating on the stock. Jefferies Group also issued estimates for Costco Wholesale’s FY2019 earnings at $7.10 EPS, FY2020 earnings at $7.65 EPS, FY2021 earnings at $8.34 EPS and FY2022 earnings at $9.16 EPS.

Costco Wholesale (NASDAQ:COST) last released its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.35 by $0.01. The firm had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.41%. The business’s quarterly revenue was up 13.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.24 earnings per share.

Several other analysts have also commented on COST. Vetr upgraded shares of Costco Wholesale from a “buy” rating to a “strong-buy” rating and set a $182.22 price target on the stock in a research report on Monday, August 21st. Oppenheimer restated a “buy” rating on shares of Costco Wholesale in a research report on Thursday, August 24th. Robert W. Baird restated a “buy” rating and set a $200.00 price target on shares of Costco Wholesale in a research report on Friday, August 25th. Cowen restated an “outperform” rating and set a $182.00 price target (up previously from $180.00) on shares of Costco Wholesale in a research report on Tuesday, August 29th. Finally, BMO Capital Markets set a $160.00 price target on shares of Costco Wholesale and gave the company a “hold” rating in a research report on Tuesday, August 29th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and eighteen have assigned a buy rating to the company’s stock. Costco Wholesale has an average rating of “Buy” and an average price target of $184.20.

Shares of Costco Wholesale (COST) opened at $192.73 on Monday. The company has a market cap of $84,221.08, a price-to-earnings ratio of 32.07, a P/E/G ratio of 3.12 and a beta of 0.98. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. Costco Wholesale has a 52-week low of $150.00 and a 52-week high of $195.35.

The business also recently announced a quarterly dividend, which was paid on Friday, December 1st. Stockholders of record on Friday, November 17th were given a $0.50 dividend. The ex-dividend date was Thursday, November 16th. This represents a $2.00 annualized dividend and a dividend yield of 1.04%. Costco Wholesale’s dividend payout ratio (DPR) is 31.80%.

In other news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale stock in a transaction dated Monday, October 2nd. The shares were sold at an average price of $164.92, for a total value of $164,920.00. Following the sale, the director now owns 6,974 shares in the company, valued at $1,150,152.08. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Dennis R. Zook sold 5,000 shares of Costco Wholesale stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $161.92, for a total transaction of $809,600.00. Following the completion of the sale, the vice president now owns 626 shares in the company, valued at approximately $101,361.92. The disclosure for this sale can be found here. In the last quarter, insiders sold 32,842 shares of company stock worth $5,520,848. Company insiders own 0.74% of the company’s stock.

Large investors have recently bought and sold shares of the company. Almanack Investment Partners LLC. purchased a new position in shares of Costco Wholesale in the second quarter worth about $101,000. Wealthcare Advisory Partners LLC purchased a new position in shares of Costco Wholesale in the third quarter worth about $102,000. Jacobus Wealth Management Inc. purchased a new position in shares of Costco Wholesale in the third quarter worth about $103,000. Northwest Investment Counselors LLC purchased a new position in shares of Costco Wholesale in the second quarter worth about $107,000. Finally, Shamrock Asset Management LLC lifted its stake in shares of Costco Wholesale by 171.3% in the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after buying an additional 418 shares in the last quarter. 71.49% of the stock is currently owned by hedge funds and other institutional investors.

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About Costco Wholesale

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 and Estimates for Costco Wholesale (NASDAQ:COST)

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