Costco Wholesale Corporation (NASDAQ:COST) released its quarterly earnings data on Thursday. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $2.02 by $0.06, reports. The business had revenue of $42.30 billion during the quarter, compared to analysts’ expectations of $41.55 billion. Costco Wholesale Corporation had a return on equity of 20.45% and a net margin of 2.06%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.77 EPS.

Costco Wholesale Corporation (NASDAQ:COST) traded up 1.13% during trading on Thursday, reaching $167.07. The company’s stock had a trading volume of 4,643,275 shares. Costco Wholesale Corporation has a 52 week low of $142.11 and a 52 week high of $183.18. The firm has a 50-day moving average price of $159.79 and a 200-day moving average price of $164.89. The firm has a market capitalization of $73.28 billion, a P/E ratio of 29.01 and a beta of 0.94.

In other Costco Wholesale Corporation news, Director John W. Meisenbach sold 1,000 shares of the business’s stock in a transaction on Monday, October 2nd. The shares were sold at an average price of $164.92, for a total transaction of $164,920.00. Following the sale, the director now directly owns 6,974 shares of the company’s stock, valued at approximately $1,150,152.08. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold 3,000 shares of company stock worth $481,760 in the last ninety days. 0.74% of the stock is owned by corporate insiders.

A number of analysts recently issued reports on the company. Robert W. Baird reissued a “buy” rating and issued a $200.00 target price on shares of Costco Wholesale Corporation in a research report on Wednesday, June 28th. Stifel Nicolaus reaffirmed a “buy” rating and set a $173.00 price objective (down from $191.00) on shares of Costco Wholesale Corporation in a research report on Friday, June 23rd. BidaskClub cut Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, June 20th. Northcoast Research raised Costco Wholesale Corporation from a “neutral” rating to a “buy” rating and set a $190.00 price objective for the company in a research report on Tuesday, June 20th. Finally, Oppenheimer Holdings, Inc. reaffirmed a “buy” rating on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. Ten equities research analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $179.56.

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About Costco Wholesale Corporation

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 Corporation (NASDAQ:COST)

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