Zacks: Brokerages Expect Costco Wholesale Co. (COST) Will Post Earnings of $1.43 Per Share
Wall Street brokerages predict that Costco Wholesale Co. (NASDAQ:COST) will report $1.43 earnings per share for the current quarter, Zacks Investment Research reports. Seven analysts have provided estimates for Costco Wholesale’s earnings, with the highest EPS estimate coming in at $1.49 and the lowest estimate coming in at $1.38. Costco Wholesale posted earnings per share of $1.17 in the same quarter last year, which suggests a positive year over year growth rate of 22.2%. The firm is scheduled to report its next earnings results on Thursday, March 1st.
On average, analysts expect that Costco Wholesale will report full year earnings of $6.61 per share for the current fiscal year, with EPS estimates ranging from $6.45 to $6.96. For the next year, analysts anticipate that the firm will post earnings of $7.32 per share, with EPS estimates ranging from $6.95 to $7.80. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research analysts that cover Costco Wholesale.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.35 by $0.01. Costco Wholesale had a net margin of 2.09% and a return on equity of 23.39%. The firm had revenue of $31.81 billion during the quarter, compared to analysts’ expectations of $31.01 billion. During the same quarter last year, the business earned $1.24 earnings per share. The business’s revenue for the quarter was up 13.2% compared to the same quarter last year.
In other news, VP Timothy L. Rose sold 5,000 shares of Costco Wholesale stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $193.20, for a total transaction of $966,000.00. Following the completion of the sale, the vice president now directly owns 52,529 shares in the company, valued at $10,148,602.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CFO Richard A. Galanti sold 3,000 shares of Costco Wholesale stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $170.95, for a total transaction of $512,850.00. Following the sale, the chief financial officer now owns 35,225 shares of the company’s stock, valued at $6,021,713.75. The disclosure for this sale can be found here. Insiders have sold a total of 87,027 shares of company stock valued at $15,872,935 over the last 90 days. 0.58% of the stock is currently owned by insiders.
Several hedge funds and other institutional investors have recently modified their holdings of COST. Perkins Coie Trust Co grew its holdings in shares of Costco Wholesale by 91.7% during the second quarter. Perkins Coie Trust Co now owns 3,528 shares of the retailer’s stock worth $564,000 after buying an additional 1,688 shares in the last quarter. Country Club Trust Company n.a. boosted its position in shares of Costco Wholesale by 4.5% in the second quarter. Country Club Trust Company n.a. now owns 2,890 shares of the retailer’s stock worth $462,000 after acquiring an additional 125 shares during the last quarter. Koshinski Asset Management Inc. boosted its position in shares of Costco Wholesale by 320.4% in the second quarter. Koshinski Asset Management Inc. now owns 5,507 shares of the retailer’s stock worth $881,000 after acquiring an additional 4,197 shares during the last quarter. Dynamic Advisors Solutions LLC boosted its position in shares of Costco Wholesale by 0.8% in the second quarter. Dynamic Advisors Solutions LLC now owns 8,484 shares of the retailer’s stock worth $1,357,000 after acquiring an additional 66 shares during the last quarter. Finally, Atria Investments LLC boosted its position in shares of Costco Wholesale by 26.1% in the second quarter. Atria Investments LLC now owns 14,080 shares of the retailer’s stock worth $2,252,000 after acquiring an additional 2,912 shares during the last quarter. Institutional investors and hedge funds own 70.98% of the company’s stock.
Shares of Costco Wholesale (NASDAQ:COST) opened at $191.84 on Tuesday. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.57. Costco Wholesale has a 52 week low of $150.00 and a 52 week high of $195.35. The company has a market cap of $84,250.00, a PE ratio of 30.50, a P/E/G ratio of 3.18 and a beta of 0.98.
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.
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