Equities research analysts predict that Costco Wholesale Co. (NASDAQ:COST) will post sales of $43.04 billion for the current quarter, according to Zacks Investment Research. Six analysts have issued estimates for Costco Wholesale’s earnings, with estimates ranging from $42.00 billion to $44.38 billion. Costco Wholesale posted sales of $42.30 billion in the same quarter last year, which would indicate a positive year-over-year growth rate of 1.7%. The business is expected to issue its next earnings results on Thursday, October 4th.

On average, analysts expect that Costco Wholesale will report full year sales of $140.37 billion for the current year, with estimates ranging from $138.70 billion to $142.34 billion. For the next fiscal year, analysts expect that the company will post sales of $149.75 billion per share, with estimates ranging from $147.83 billion to $153.43 billion. Zacks Investment Research’s sales calculations are a mean average based on a survey of research analysts that cover Costco Wholesale.

Costco Wholesale (NASDAQ:COST) last announced its quarterly earnings data on Thursday, May 31st. The retailer reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.68 by $0.02. Costco Wholesale had a return on equity of 24.67% and a net margin of 2.16%. The company had revenue of $32.36 billion for the quarter, compared to analysts’ expectations of $31.89 billion. During the same quarter in the prior year, the business posted $1.40 EPS. The business’s revenue was up 12.1% compared to the same quarter last year.

A number of research firms recently weighed in on COST. JPMorgan Chase & Co. increased their price target on Costco Wholesale from $206.00 to $212.00 and gave the company an “overweight” rating in a research note on Friday, June 1st. Telsey Advisory Group increased their price target on Costco Wholesale from $210.00 to $220.00 and gave the company an “outperform” rating in a research note on Friday, June 1st. Susquehanna Bancshares restated a “positive” rating on shares of Costco Wholesale in a research note on Thursday, June 7th. Robert W. Baird increased their price target on Costco Wholesale from $215.00 to $230.00 and gave the company an “outperform” rating in a research note on Thursday, June 7th. Finally, Loop Capital assumed coverage on Costco Wholesale in a research report on Wednesday, May 16th. They set a “buy” rating and a $224.00 price objective on the stock. Seven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $200.29.

In other news, Director John W. Meisenbach sold 3,000 shares of Costco Wholesale stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $208.42, for a total transaction of $625,260.00. Following the sale, the director now directly owns 8,654 shares of the company’s stock, valued at $1,803,666.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Daniel M. Hines sold 7,000 shares of Costco Wholesale stock in a transaction dated Wednesday, June 13th. The shares were sold at an average price of $204.67, for a total value of $1,432,690.00. Following the sale, the insider now directly owns 23,853 shares in the company, valued at $4,881,993.51. The disclosure for this sale can be found here. Insiders have sold 38,884 shares of company stock worth $7,805,926 over the last three months. Insiders own 0.74% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Assetmark Inc. boosted its stake in shares of Costco Wholesale by 137.0% during the fourth quarter. Assetmark Inc. now owns 564 shares of the retailer’s stock valued at $105,000 after purchasing an additional 326 shares in the last quarter. Well Done LLC acquired a new stake in shares of Costco Wholesale during the first quarter valued at about $109,000. Smart Portfolios LLC acquired a new stake in shares of Costco Wholesale during the first quarter valued at about $113,000. Trilogy Capital Inc. bought a new position in shares of Costco Wholesale during the first quarter worth about $116,000. Finally, American Beacon Advisors Inc. bought a new position in shares of Costco Wholesale during the fourth quarter worth about $120,000. 71.36% of the stock is currently owned by hedge funds and other institutional investors.

COST opened at $209.62 on Friday. Costco Wholesale has a 1-year low of $150.00 and a 1-year high of $212.46. The company has a current ratio of 1.01, a quick ratio of 0.47 and a debt-to-equity ratio of 0.52. The firm has a market capitalization of $91.72 billion, a P/E ratio of 36.02, a price-to-earnings-growth ratio of 2.78 and a beta of 0.95.

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.

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

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