Costco Wholesale (NASDAQ:COST) issued its earnings outcomes on Thursday. The retailer reported $2.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.05 by $0.24, MarketWatch Earnings stories. Costco Wholesale had a internet margin of two.40% and a return on fairness of 22.71%. The enterprise had income of $43.21 billion for the quarter, in comparison with the consensus estimate of $42.26 billion. Throughout the identical quarter within the earlier yr, the agency earned $1.73 earnings per share. The enterprise’s quarterly income was up 16.7% in comparison with the identical quarter final yr.
COST stock opened at $372.79 on Friday. The agency has a market cap of $164.49 billion, a price-to-earnings ratio of 41.33, a PEG ratio of 4.51 and a beta of 0.67. Costco Wholesale has a 1-year low of $271.28 and a 1-year excessive of $393.15. The agency has a fifty day shifting common price of $377.10 and a two-hundred day shifting common price of $343.07. The corporate has a debt-to-equity ratio of 0.40, a present ratio of 1.13 and a fast ratio of 0.64.
The corporate additionally not too long ago disclosed a particular dividend, which will likely be paid on Friday, December 11th. Traders of report on Wednesday, December 2nd will likely be paid a dividend of $10.00 per share. The ex-dividend date of this dividend is Tuesday, December 1st. This can be a increase from Costco Wholesale’s earlier particular dividend of $7.00. Costco Wholesale’s dividend payout ratio (DPR) is 31.64%.
Quite a lot of equities analysis analysts not too long ago commented on COST shares. Barclays upgraded shares of Costco Wholesale from an “equal weight” score to an “chubby” score and set a $400.00 price goal for the corporate in a analysis report on Tuesday, October sixth. Stifel Nicolaus raised their price goal on Costco Wholesale from $360.00 to $375.00 and gave the corporate a “purchase” score in a report on Thursday, September third. Jefferies Monetary Group raised Costco Wholesale from a “maintain” score to a “purchase” score and upped their price goal for the stock from $321.00 to $435.00 in a report on Thursday, October 15th. Credit score Suisse Group raised their goal price on Costco Wholesale from $328.00 to $370.00 and gave the corporate a “impartial” score in a report on Tuesday, October sixth. Lastly, MKM Companions boosted their goal price on shares of Costco Wholesale from $320.00 to $325.00 and gave the stock a “impartial” score in a analysis report on Friday, September 25th. Eleven equities analysis analysts have rated the stock with a maintain score and twenty-one have given a purchase score to the corporate’s stock. Costco Wholesale has a median score of “Purchase” and a median price goal of $384.32.
In different information, Director Susan L. Decker offered 2,500 shares of the enterprise’s stock in a transaction that occurred on Monday, September 28th. The stock was offered at a median price of $347.90, for a complete transaction of $869,750.00. Following the completion of the transaction, the director now straight owns 21,747 shares within the firm, valued at $7,565,781.30. The sale was disclosed in a authorized submitting with the SEC, which is accessible by way of this hyperlink. Additionally, Director Kenneth D. Denman offered 300 shares of the stock in a transaction that occurred on Wednesday, September 30th. The stock was offered at a median price of $355.69, for a complete value of $106,707.00. Following the completion of the transaction, the director now straight owns 4,433 shares of the corporate’s stock, valued at $1,576,773.77. The disclosure for this sale may be discovered right here. Over the past 90 days, insiders offered 8,800 shares of firm stock worth $3,064,457. Insiders personal 0.22% of the corporate’s stock.
About Costco Wholesale
Costco Wholesale Company, along with its subsidiaries, engages within the operation of membership warehouses in the USA, Puerto Rico, Canada, the UK, Mexico, Japan, Korea, Australia, Spain, France, Iceland, China, and Taiwan. It provides branded and private-label merchandise in a spread of merchandise classes.
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