Dividend Stock Buzz: Costco Wholesale Corporation (COST)
- Author: Zachary Reyes Mar 03, 2017,
Mar 03, 2017, 1:14
Costco Wholesale Corporation (NASDAQ:COST) is scheduled to be issuing its quarterly earnings data on Thursday, March 2nd.
In terms of earnings per share, 10 analysts have a 1.33 EPS mean target for the quarter ending Nov-17, for the quarter ending Feb-17, 28 analysts have a 1.36 EPS mean target and for the quarter ending Feb-17 there are 21 estimates of 5.90 EPS.
Many analysts are providing their Estimated Earnings analysis for Costco Wholesale Corporation and for the current quarter 28 analysts have projected that the stock could give an Average Earnings estimate of $1.36/share. Analysts expect the company to announce earnings of $1.36 per share for the quarter. The company had revenue of $28099.00 million for the quarter, compared to analysts expectations of $28317.39 million. (UAL) have shown a high EPS growth of 26.80% in the last 5 years and has earnings decline of -33.80% yoy. -Earnings Decline (Y-o-Y): -5.7% -EPS (Q2): $1.17 vs. $1.24 past year.
Meanwhile, revenue rose to $29.77 billion, up 5.7%, the highest increase since November 2014.
The firm also recently declared a quarterly dividend, which was paid on Friday, February 24th. Costco Wholesale Corporation has an average rating of "Buy" and an average target price of $175.59. The overall volume in the last trading session was 3 million shares. Seven analysts surveyed by Zacks expected $29.99 billion. Shareholders of record on Friday, February 10th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Wednesday, February 8th. Deutsche Bank AG decreased their price objective on Costco Wholesale Corporation from $195.00 to $194.00 and set a "buy" rating for the company in a report on Monday, December 5th. BMO Capital Markets set a $180.00 price objective on Costco Wholesale Corporation and gave the stock a "buy" rating in a report on Thursday, October 20th. Costco Wholesale Corporation's dividend payout ratio (DPR) is now 32.79%. Guggenheim reissued a "neutral" rating on shares of Costco Wholesale Corporation in a research note on Wednesday, November 30th. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, insider John D. Mckay sold 4,948 shares of Costco Wholesale Corporation stock in a transaction that occurred on Friday, February 3rd. There are now 16 brokerage firms covering Costco Wholesale Corporation, offering earnings per share estimates as well as future price target projections. The shares were sold at an average price of $151.12, for a total transaction of $604,480.00.
Several other research firms have also weighed in on COST. Insiders sold a total of 47,292 shares of company stock worth $7,631,776 in the last ninety days. Following the completion of the transaction, the vice president now directly owns 51,045 shares of the company's stock, valued at approximately $7,713,920.40. The disclosure for this sale can be found here. Its share price has risen 16.97% in three months and is up 0.14% for the last five trades.
Costco Wholesale Corp. operates membership warehouses based on the concept that offering members very low prices on a limited selection of nationally branded and selected private label products in a wide range of merchandise categories will produce high sales volumes and rapid inventory turnover.
The retailer notified Wall Street of the planned increases while reporting its fiscal second-quarter results. As of August 28, 2016, the Company operated 715 warehouses across the world.