Wall Street brokerages forecast that Costco Wholesale Co. (NASDAQ:COST) will announce sales of $47.18 billion for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for Costco Wholesale’s earnings, with estimates ranging from $45.49 billion to $48.18 billion. Costco Wholesale posted sales of $44.41 billion in the same quarter last year, which suggests a positive year over year growth rate of 6.2%. The business is expected to report its next earnings results on Thursday, October 3rd.

On average, analysts expect that Costco Wholesale will report full-year sales of $152.45 billion for the current financial year, with estimates ranging from $150.74 billion to $153.38 billion. For the next financial year, analysts expect that the firm will post sales of $162.61 billion, with estimates ranging from $160.89 billion to $165.35 billion. Zacks’ sales averages are a mean average based on a survey of sell-side research firms that that provide coverage for Costco Wholesale.

Costco Wholesale (NASDAQ:COST) last posted its earnings results on Thursday, May 30th. The retailer reported $1.89 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.83 by $0.06. Costco Wholesale had a net margin of 2.41% and a return on equity of 25.03%. The firm had revenue of $34.74 billion for the quarter, compared to analysts’ expectations of $34.72 billion. During the same quarter last year, the firm earned $1.70 EPS. The company’s quarterly revenue was up 7.4% compared to the same quarter last year.

COST has been the topic of several recent analyst reports. Robert W. Baird lifted their target price on shares of Costco Wholesale from $270.00 to $290.00 and gave the stock an “outperform” rating in a research report on Thursday, July 11th. Nomura lifted their price target on shares of Costco Wholesale from $235.00 to $256.00 and gave the stock a “neutral” rating in a report on Thursday, July 11th. Zacks Investment Research raised shares of Costco Wholesale from a “hold” rating to a “buy” rating and set a $272.00 price target on the stock in a report on Tuesday, June 11th. Tigress Financial reaffirmed a “buy” rating on shares of Costco Wholesale in a report on Friday, June 28th. Finally, BMO Capital Markets set a $275.00 price target on shares of Costco Wholesale and gave the stock a “buy” rating in a report on Friday, May 31st. Seven analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Costco Wholesale presently has a consensus rating of “Buy” and a consensus target price of $266.04.

In other Costco Wholesale news, Director Susan L. Decker sold 2,790 shares of the business’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $254.62, for a total transaction of $710,389.80. Following the sale, the director now owns 45,405 shares of the company’s stock, valued at approximately $11,561,021.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Susan L. Decker sold 1,646 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were sold at an average price of $268.25, for a total transaction of $441,539.50. Following the sale, the director now directly owns 41,803 shares in the company, valued at approximately $11,213,654.75. The disclosure for this sale can be found here. Insiders have sold a total of 28,136 shares of company stock worth $7,380,374 in the last three months. Insiders own 0.21% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in COST. Horan Capital Advisors LLC. purchased a new position in shares of Costco Wholesale during the 1st quarter valued at $26,000. Krane Funds Advisors LLC purchased a new stake in Costco Wholesale during the second quarter valued at about $26,000. Massey Quick Simon & CO. LLC purchased a new stake in Costco Wholesale during the second quarter valued at about $27,000. Thor Advisors LLC purchased a new stake in Costco Wholesale during the first quarter valued at about $35,000. Finally, C J Advisory Inc purchased a new stake in Costco Wholesale during the first quarter valued at about $36,000. Hedge funds and other institutional investors own 71.21% of the company’s stock.

Shares of Costco Wholesale stock traded up $4.24 during mid-day trading on Thursday, hitting $279.92. 2,057,893 shares of the stock were exchanged, compared to its average volume of 1,885,373. Costco Wholesale has a 12 month low of $189.51 and a 12 month high of $284.31. The company has a 50-day simple moving average of $275.67 and a 200 day simple moving average of $248.93. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.48 and a current ratio of 0.98. The company has a market capitalization of $123.11 billion, a P/E ratio of 40.98, a P/E/G ratio of 3.86 and a beta of 0.95.

Costco Wholesale announced that its Board of Directors has initiated a share repurchase plan on Friday, April 26th that allows the company to buyback $4.00 billion in outstanding shares. This buyback authorization allows the retailer to reacquire up to 3.8% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Friday, August 30th will be issued a dividend of $0.65 per share. The ex-dividend date is Thursday, August 29th. This represents a $2.60 dividend on an annualized basis and a yield of 0.93%. Costco Wholesale’s payout ratio is 38.07%.

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

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