Costco Wholesale Corp. (COST) Releases Quarterly Earnings, Misses Expectations By $0.06 EPS
Costco Wholesale Corp. (NASDAQ:COST) issued its quarterly earnings data on Wednesday. The company reported $1.40 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.46 by $0.06, Stock Ratings Network reports. The company had revenue of $31.77 billion for the quarter, compared to the consensus estimate of $32.83 billion. During the same quarter last year, the company posted $1.39 earnings per share.
A number of research firms have recently commented on COST. Analysts at Jefferies Group reiterated a “hold” rating on shares of Costco Wholesale Corp. in a research note to investors on Thursday, October 3rd. They now have a $109.00 price target on the stock. On the ratings front, analysts at Deutsche Bank reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research note to investors on Thursday, October 3rd. They now have a $121.00 price target on the stock, up previously from $120.00. Finally, analysts at Stifel Nicolaus reiterated a “buy” rating on shares of Costco Wholesale Corp. in a research note to investors on Tuesday, October 1st. They now have a $130.00 price target on the stock. Eleven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $117.78.
Costco Wholesale Corp. (NASDAQ:COST) opened at 112.21 on Wednesday. Costco Wholesale Corp. has a 52 week low of $93.51 and a 52 week high of $120.20. The stock’s 50-day moving average is $114. and its 200-day moving average is $112.2. The company has a market cap of $49.000 billion and a price-to-earnings ratio of 24.27.
Costco Wholesale Corporation (NASDAQ:COST) with its subsidiaries is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, and through majority owned subsidiaries in Taiwan and Korea.
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