Costco Wholesale (NASDAQ:COST – Get Free Report) released its quarterly earnings results on Thursday. The retailer reported $5.15 earnings per share for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10, Briefing.com reports. The business had revenue of $79.70 billion for the quarter, compared to analysts’ expectations of $79.91 billion. Costco Wholesale had a return on equity of 30.02% and a net margin of 2.83%. The company’s revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $4.86 EPS.
Costco Wholesale Price Performance
COST opened at $885.62 on Friday. Costco Wholesale has a 52-week low of $540.23 and a 52-week high of $923.83. The company has a 50 day moving average of $870.67 and a two-hundred day moving average of $816.70. The company has a market cap of $392.62 billion, a P/E ratio of 54.87, a P/E/G ratio of 5.47 and a beta of 0.80. The company has a quick ratio of 0.45, a current ratio of 0.94 and a debt-to-equity ratio of 0.27.
Costco Wholesale Dividend Announcement
The firm also recently declared a quarterly dividend, which was paid on Friday, August 9th. Shareholders of record on Friday, July 26th were given a dividend of $1.16 per share. The ex-dividend date was Friday, July 26th. This represents a $4.64 dividend on an annualized basis and a yield of 0.52%. Costco Wholesale’s dividend payout ratio (DPR) is 28.75%.
Insider Activity
Wall Street Analysts Forecast Growth
Several analysts have weighed in on COST shares. Telsey Advisory Group upped their target price on Costco Wholesale from $925.00 to $1,000.00 and gave the company an “outperform” rating in a report on Friday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Costco Wholesale from $925.00 to $927.00 and gave the stock a “buy” rating in a research report on Thursday, August 8th. Barclays raised their target price on shares of Costco Wholesale from $830.00 to $850.00 and gave the company an “equal weight” rating in a report on Friday. Bank of America upped their price target on shares of Costco Wholesale from $874.00 to $962.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Finally, StockNews.com lowered shares of Costco Wholesale from a “buy” rating to a “hold” rating in a research report on Friday. Ten research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $881.19.
Read Our Latest Report on Costco Wholesale
About Costco Wholesale
Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of membership warehouses in the United States, Puerto Rico, Canada, Mexico, Japan, the United Kingdom, Korea, Australia, Taiwan, China, Spain, France, Iceland, New Zealand, and Sweden. The company offers branded and private-label products in a range of merchandise categories.
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