Costco Wholesale (NASDAQ:COST) Issues Quarterly Earnings Results, Beats Expectations By $0.02 EPS

Costco Wholesale (NASDAQ:COST) announced its earnings results on Thursday. The retailer reported $1.73 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.71 by $0.02, Briefing.com reports. Costco Wholesale had a return on equity of 25.00% and a net margin of 2.40%. The business had revenue of $37.04 billion for the quarter, compared to analysts’ expectations of $37.40 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The firm’s revenue was up 5.6% on a year-over-year basis.

Costco Wholesale stock opened at $291.87 on Friday. The stock has a market capitalization of $130.46 billion, a price-to-earnings ratio of 36.01, a PEG ratio of 4.06 and a beta of 0.91. Costco Wholesale has a 52-week low of $189.51 and a 52-week high of $307.34. The stock’s 50 day moving average price is $298.81 and its two-hundred day moving average price is $282.92. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.52 and a current ratio of 1.01.

The firm also recently declared a quarterly dividend, which was paid on Friday, November 15th. Shareholders of record on Friday, November 1st were issued a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a dividend yield of 0.89%. The ex-dividend date of this dividend was Thursday, October 31st. Costco Wholesale’s payout ratio is 31.75%.

In other news, Director Susan L. Decker sold 333 shares of the company’s stock in a transaction that occurred on Friday, October 11th. The stock was sold at an average price of $297.50, for a total transaction of $99,067.50. Following the transaction, the director now directly owns 41,470 shares of the company’s stock, valued at $12,337,325. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Susan L. Decker sold 1,703 shares of the company’s stock in a transaction that occurred on Friday, November 15th. The stock was sold at an average price of $303.01, for a total value of $516,026.03. Following the transaction, the director now directly owns 38,432 shares in the company, valued at $11,645,280.32. The disclosure for this sale can be found here. Insiders have sold a total of 36,780 shares of company stock worth $11,032,292 over the last 90 days. Company insiders own 0.21% of the company’s stock.

Several analysts recently commented on the company. Nomura assumed coverage on Costco Wholesale in a report on Friday, November 8th. They issued a “neutral” rating and a $300.00 target price on the stock. Telsey Advisory Group upped their target price on Costco Wholesale from $305.00 to $315.00 and gave the company an “outperform” rating in a report on Friday, October 4th. Sanford C. Bernstein cut Costco Wholesale from a “market perform” rating to an “underperform” rating and upped their target price for the company from $220.00 to $230.00 in a report on Wednesday, September 18th. Royal Bank of Canada upped their target price on Costco Wholesale from $329.00 to $334.00 and gave the company an “outperform” rating in a report on Friday. Finally, Oppenheimer cut Costco Wholesale from an “outperform” rating to a “market perform” rating and upped their target price for the company from $295.00 to $300.00 in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, twelve have given a hold rating and fifteen have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $297.61.

Costco Wholesale Company Profile

Costco Wholesale Corporation, together with its subsidiaries, operates membership warehouses. It offers branded and private-label products in a range of merchandise categories. The company provides dry and packaged foods, and groceries; snack foods, candies, alcoholic and nonalcoholic beverages, and cleaning supplies; appliances, electronics, health and beauty aids, hardware, and garden and patio products; meat, bakery, deli, and produces; and apparel and small appliances.

Featured Story: What is a conference call?

Earnings History for Costco Wholesale (NASDAQ:COST)

Receive News & Ratings for Costco Wholesale Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Costco Wholesale and related companies with MarketBeat.com's FREE daily email newsletter.