Analysts forecast that Costco Wholesale Corporation (NASDAQ:COST) will report earnings of $1.32 per share for the current quarter, according to Zacks. Seven analysts have issued estimates for Costco Wholesale Corporation’s earnings, with estimates ranging from $1.24 to $1.40. Costco Wholesale Corporation reported earnings of $1.17 per share in the same quarter last year, which indicates a positive year-over-year growth rate of 12.8%. The company is expected to announce its next earnings results on Wednesday, December 6th.

According to Zacks, analysts expect that Costco Wholesale Corporation will report full year earnings of $6.45 per share for the current financial year, with EPS estimates ranging from $6.30 to $6.65. For the next fiscal year, analysts expect that the business will post earnings of $7.00 per share, with EPS estimates ranging from $6.80 to $7.26. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research analysts that that provide coverage for Costco Wholesale Corporation.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share for the quarter, beating analysts’ consensus estimates of $2.02 by $0.06. The company had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.21%. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.77 EPS.

A number of research firms have weighed in on COST. Wells Fargo & Company set a $170.00 price objective on shares of Costco Wholesale Corporation and gave the company a “hold” rating in a research report on Thursday, October 5th. Citigroup Inc. upped their price objective on shares of Costco Wholesale Corporation from $155.00 to $187.00 and gave the company a “hold” rating in a research report on Friday, October 6th. UBS AG reissued a “buy” rating and issued a $190.00 price objective on shares of Costco Wholesale Corporation in a research report on Friday, October 6th. Oppenheimer Holdings, Inc. set a $185.00 price objective on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research report on Friday, October 6th. Finally, Morgan Stanley cut shares of Costco Wholesale Corporation from an “overweight” rating to an “equal weight” rating and decreased their price objective for the company from $190.00 to $165.00 in a research report on Friday, October 6th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $178.34.

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Costco Wholesale Corporation (NASDAQ:COST) traded up $2.25 during trading hours on Monday, reaching $171.36. 2,673,000 shares of the company’s stock were exchanged, compared to its average volume of 3,103,734. The company has a current ratio of 0.99, a quick ratio of 0.43 and a debt-to-equity ratio of 0.59. The stock has a market cap of $73,899.31, a PE ratio of 29.06, a P/E/G ratio of 2.70 and a beta of 0.93. Costco Wholesale Corporation has a one year low of $145.38 and a one year high of $183.18.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 1st. Stockholders of record on Friday, November 17th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.17%. The ex-dividend date of this dividend is Thursday, November 16th. Costco Wholesale Corporation’s dividend payout ratio (DPR) is presently 32.89%.

In other news, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction that occurred on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total value of $164,920.00. Following the completion of the transaction, the director now directly owns 6,974 shares in the company, valued at $1,150,152.08. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Richard A. Galanti sold 5,000 shares of the stock in a transaction that occurred on Friday, October 20th. The shares were sold at an average price of $160.58, for a total transaction of $802,900.00. Following the completion of the transaction, the vice president now owns 41,396 shares of the company’s stock, valued at $6,647,369.68. The disclosure for this sale can be found here. Insiders sold 19,731 shares of company stock valued at $3,214,389 over the last quarter. Insiders own 0.74% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Westside Investment Management Inc. boosted its holdings in Costco Wholesale Corporation by 0.3% during the second quarter. Westside Investment Management Inc. now owns 1,114 shares of the retailer’s stock worth $168,000 after buying an additional 3 shares in the last quarter. Brightworth boosted its holdings in Costco Wholesale Corporation by 0.3% during the second quarter. Brightworth now owns 1,334 shares of the retailer’s stock worth $213,000 after buying an additional 4 shares in the last quarter. Pioneer Trust Bank N A OR boosted its holdings in Costco Wholesale Corporation by 0.4% during the second quarter. Pioneer Trust Bank N A OR now owns 1,659 shares of the retailer’s stock worth $266,000 after buying an additional 7 shares in the last quarter. SVA Plumb Wealth Management LLC boosted its holdings in Costco Wholesale Corporation by 0.3% during the second quarter. SVA Plumb Wealth Management LLC now owns 2,527 shares of the retailer’s stock worth $404,000 after buying an additional 7 shares in the last quarter. Finally, Cetera Investment Advisers boosted its holdings in Costco Wholesale Corporation by 0.5% during the second quarter. Cetera Investment Advisers now owns 1,390 shares of the retailer’s stock worth $223,000 after buying an additional 7 shares in the last quarter. Institutional investors and hedge funds own 72.57% of the company’s stock.

Costco Wholesale Corporation 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 Corporation (NASDAQ:COST)

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