Equities research analysts predict that Costco Wholesale Co. (NASDAQ:COST) will post $32.64 billion in sales for the current quarter, according to Zacks. Seven analysts have made estimates for Costco Wholesale’s earnings, with estimates ranging from $32.20 billion to $33.31 billion. Costco Wholesale posted sales of $29.77 billion during the same quarter last year, which would indicate a positive year-over-year growth rate of 9.6%. The business is expected to issue its next earnings results on Thursday, March 1st.

According to Zacks, analysts expect that Costco Wholesale will report full-year sales of $32.64 billion for the current financial year, with estimates ranging from $136.59 billion to $140.72 billion. For the next fiscal year, analysts expect that the business will post sales of $147.35 billion per share, with estimates ranging from $144.53 billion to $152.76 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of analysts that cover Costco Wholesale.

Costco Wholesale (NASDAQ:COST) last issued its quarterly earnings data on Thursday, December 14th. The retailer reported $1.36 EPS for the quarter, beating analysts’ consensus estimates of $1.35 by $0.01. Costco Wholesale had a return on equity of 23.39% and a net margin of 2.09%. The firm had revenue of $31.81 billion for the quarter, compared to analyst estimates of $31.01 billion. During the same period in the prior year, the firm posted $1.24 EPS. The company’s revenue for the quarter was up 13.2% on a year-over-year basis.

COST has been the topic of several analyst reports. Citigroup increased their target price on Costco Wholesale from $155.00 to $187.00 and gave the stock a “hold” rating in a report on Friday, October 6th. Morgan Stanley lowered Costco Wholesale from an “overweight” rating to an “equal weight” rating and reduced their target price for the stock from $190.00 to $165.00 in a report on Friday, October 6th. Oppenheimer reissued a “buy” rating on shares of Costco Wholesale in a report on Friday, October 20th. Wells Fargo & Co set a $170.00 target price on Costco Wholesale and gave the stock a “hold” rating in a report on Thursday, October 5th. Finally, BMO Capital Markets raised Costco Wholesale from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $192.73 to $215.00 in a report on Monday, December 18th. Nine analysts have rated the stock with a hold rating and twenty-one have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $188.90.

In other Costco Wholesale news, VP Timothy L. Rose sold 5,000 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $193.20, for a total value of $966,000.00. Following the completion of the transaction, the vice president now directly owns 52,529 shares in the company, valued at $10,148,602.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director John W. Meisenbach sold 1,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $161.97, for a total value of $161,970.00. Following the completion of the transaction, the director now owns 8,654 shares of the company’s stock, valued at $1,401,688.38. The disclosure for this sale can be found here. Insiders sold 87,027 shares of company stock valued at $15,872,935 over the last quarter. Corporate insiders own 0.74% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of COST. Almanack Investment Partners LLC. bought a new position in shares of Costco Wholesale during the second quarter worth about $101,000. Wealthcare Advisory Partners LLC bought a new position in shares of Costco Wholesale during the third quarter worth about $102,000. Jacobus Wealth Management Inc. bought a new position in shares of Costco Wholesale during the third quarter worth about $103,000. Northwest Investment Counselors LLC bought a new position in shares of Costco Wholesale during the second quarter worth about $107,000. Finally, Shamrock Asset Management LLC raised its position in shares of Costco Wholesale by 171.3% during the third quarter. Shamrock Asset Management LLC now owns 662 shares of the retailer’s stock worth $109,000 after acquiring an additional 418 shares during the last quarter. Institutional investors own 70.98% of the company’s stock.

Shares of Costco Wholesale (COST) traded down $0.55 during midday trading on Thursday, reaching $191.74. The company’s stock had a trading volume of 254,087 shares, compared to its average volume of 2,950,000. The company has a current ratio of 0.98, a quick ratio of 0.43 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 firm has a market cap of $84,210.00, a price-to-earnings ratio of 30.48, a price-to-earnings-growth ratio of 3.18 and a beta of 0.98.

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

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