Costco Wholesale Corp. Expected to Earn Q1 2017 Earnings of $1.25 Per Share (COST)
Costco Wholesale Corp. (NASDAQ:COST) – Stock analysts at Jefferies Group issued their Q1 2017 earnings per share estimates for Costco Wholesale Corp. in a research note issued on Friday. Jefferies Group analyst D. Binder anticipates that the brokerage will post earnings per share of $1.25 for the quarter. Jefferies Group currently has a “Hold” rating and a $135.00 target price on the stock. Jefferies Group also issued estimates for Costco Wholesale Corp.’s Q2 2017 earnings at $1.40 EPS, Q3 2017 earnings at $1.34 EPS, Q4 2017 earnings at $1.89 EPS, FY2017 earnings at $5.87 EPS and FY2018 earnings at $6.64 EPS.
COST has been the topic of a number of other research reports. Zacks Investment Research raised shares of Costco Wholesale Corp. from a “sell” rating to a “hold” rating in a report on Tuesday, July 5th. JPMorgan Chase & Co. reissued a “buy” rating on shares of Costco Wholesale Corp. in a report on Saturday, July 9th. RBC Capital Markets reissued an “outperform” rating and issued a $178.00 price objective (up previously from $177.00) on shares of Costco Wholesale Corp. in a report on Friday. Robert W. Baird set a $175.00 price objective on shares of Costco Wholesale Corp. and gave the stock a “buy” rating in a report on Friday, September 23rd. Finally, Argus reissued a “buy” rating and issued a $175.00 price objective on shares of Costco Wholesale Corp. in a report on Tuesday, July 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $172.74.
Costco Wholesale Corp. (NASDAQ:COST) opened at 151.01 on Monday. Costco Wholesale Corp. has a 1-year low of $138.57 and a 1-year high of $169.73. The stock has a market cap of $66.07 billion, a PE ratio of 28.33 and a beta of 0.71. The firm has a 50-day moving average of $157.58 and a 200-day moving average of $156.32.
Costco Wholesale Corp. (NASDAQ:COST) last released its quarterly earnings results on Thursday, September 29th. The retailer reported $1.77 EPS for the quarter, topping the Zacks’ consensus estimate of $1.73 by $0.04. Costco Wholesale Corp. had a net margin of 1.98% and a return on equity of 20.26%. The business earned $35.73 billion during the quarter. During the same period in the prior year, the firm earned $1.73 EPS. Costco Wholesale Corp.’s quarterly revenue was up 2.2% on a year-over-year basis.
Hedge funds and other institutional investors have recently bought and sold shares of the company. FCM Investments TX purchased a new position in Costco Wholesale Corp. during the second quarter valued at approximately $133,000. Zions Bancorporation raised its position in Costco Wholesale Corp. by 88.2% in the first quarter. Zions Bancorporation now owns 890 shares of the retailer’s stock valued at $139,000 after buying an additional 417 shares during the last quarter. Global X Management Co. LLC raised its position in Costco Wholesale Corp. by 276.6% in the second quarter. Global X Management Co. LLC now owns 983 shares of the retailer’s stock valued at $154,000 after buying an additional 722 shares during the last quarter. PineBridge Investments L.P. raised its position in Costco Wholesale Corp. by 11.5% in the second quarter. PineBridge Investments L.P. now owns 1,078 shares of the retailer’s stock valued at $169,000 after buying an additional 111 shares during the last quarter. Finally, Signaturefd LLC raised its position in Costco Wholesale Corp. by 81.4% in the second quarter. Signaturefd LLC now owns 1,094 shares of the retailer’s stock valued at $172,000 after buying an additional 491 shares during the last quarter. 73.02% of the stock is owned by institutional investors.
In other Costco Wholesale Corp. news, VP Douglas W. Schutt sold 14,656 shares of Costco Wholesale Corp. stock in a transaction on Monday, July 11th. The shares were sold at an average price of $166.76, for a total transaction of $2,444,034.56. Following the completion of the transaction, the vice president now directly owns 40,184 shares of the company’s stock, valued at $6,701,083.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jill S. Ruckelshaus sold 6,180 shares of Costco Wholesale Corp. stock in a transaction on Wednesday, July 13th. The stock was sold at an average price of $166.03, for a total transaction of $1,026,065.40. Following the transaction, the director now directly owns 26,008 shares of the company’s stock, valued at $4,318,108.24. The disclosure for this sale can be found here. Company insiders own 0.78% of the company’s stock.
About Costco Wholesale Corp.
Costco Wholesale Corporation (Costco) is engaged in the operation of membership warehouses in the United States (U.S.) and Puerto Rico, Canada, United Kingdom (U.K.), Mexico, Japan, Australia, Spain, and through majority-owned subsidiaries in Taiwan and Korea. The Company operated 663 membership warehouses and an average warehouse is approximately 144,000 square feet.
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