Equities research analysts forecast that Costco Wholesale Co. (NASDAQ:COST) will announce $44.81 billion in sales for the current fiscal quarter, Zacks Investment Research reports. Six analysts have made estimates for Costco Wholesale’s earnings, with the highest sales estimate coming in at $47.04 billion and the lowest estimate coming in at $43.10 billion. Costco Wholesale posted sales of $37.27 billion in the same quarter last year, which suggests a positive year-over-year growth rate of 20.2%. The business is expected to announce its next quarterly earnings results after the market closes on Thursday, May 27th.
According to Zacks, analysts expect that Costco Wholesale will report full year sales of $190.41 billion for the current financial year, with estimates ranging from $186.13 billion to $194.90 billion. For the next financial year, analysts expect that the firm will report sales of $203.25 billion, with estimates ranging from $198.25 billion to $207.62 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research firms that that provide coverage for Costco Wholesale.
Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings results on Wednesday, March 3rd. The retailer reported $2.14 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $2.45 by ($0.31). The firm had revenue of $44.77 billion for the quarter, compared to analyst estimates of $43.71 billion. Costco Wholesale had a net margin of 2.50% and a return on equity of 24.50%. The firm’s quarterly revenue was up 14.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.10 earnings per share.
COST stock opened at $384.42 on Thursday. The firm has a 50 day moving average of $367.28 and a two-hundred day moving average of $362.10. Costco Wholesale has a 12 month low of $293.84 and a 12 month high of $393.15. The company has a market capitalization of $170.12 billion, a price-to-earnings ratio of 39.47, a P/E/G ratio of 4.17 and a beta of 0.66. The company has a quick ratio of 0.53, a current ratio of 0.98 and a debt-to-equity ratio of 0.49.
The company also recently announced a quarterly dividend, which was paid on Friday, May 14th. Investors of record on Friday, April 30th were given a $0.79 dividend. This is a boost from Costco Wholesale’s previous quarterly dividend of $0.70. This represents a $3.16 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend was Thursday, April 29th. Costco Wholesale’s dividend payout ratio (DPR) is 35.71%.
In other news, CFO Richard A. Galanti sold 2,230 shares of the firm’s stock in a transaction dated Thursday, April 29th. The shares were sold at an average price of $372.06, for a total transaction of $829,693.80. Following the completion of the transaction, the chief financial officer now directly owns 22,871 shares of the company’s stock, valued at approximately $8,509,384.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, VP Roland Michael Vachris sold 4,300 shares of Costco Wholesale stock in a transaction dated Monday, March 22nd. The shares were sold at an average price of $334.30, for a total transaction of $1,437,490.00. Following the sale, the vice president now owns 15,602 shares in the company, valued at $5,215,748.60. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
Hedge funds have recently added to or reduced their stakes in the company. Granite Investment Advisors LLC bought a new stake in shares of Costco Wholesale in the 4th quarter worth about $205,000. Brookstone Capital Management grew its stake in Costco Wholesale by 7.5% during the fourth quarter. Brookstone Capital Management now owns 3,659 shares of the retailer’s stock worth $1,379,000 after buying an additional 254 shares during the last quarter. Bath Savings Trust Co increased its holdings in shares of Costco Wholesale by 21.6% during the fourth quarter. Bath Savings Trust Co now owns 7,927 shares of the retailer’s stock worth $2,987,000 after buying an additional 1,410 shares in the last quarter. Barton Investment Management acquired a new stake in shares of Costco Wholesale during the fourth quarter worth approximately $283,000. Finally, Arlington Partners LLC raised its stake in shares of Costco Wholesale by 20.2% in the fourth quarter. Arlington Partners LLC now owns 280 shares of the retailer’s stock valued at $105,000 after acquiring an additional 47 shares during the last quarter. Institutional investors own 67.21% of the company’s stock.
Costco Wholesale Company Profile
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It offers branded and private-label products in a range of merchandise categories.
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