Analysts Set Expectations for Costco Wholesale Corporation’s Q1 2018 Earnings (COST)

Costco Wholesale Corporation (NASDAQ:COST) – Northcoast Research issued their Q1 2018 earnings estimates for shares of Costco Wholesale Corporation in a research report issued on Friday. Northcoast Research analyst C. Cerankosky expects that the retailer will post earnings per share of $1.40 for the quarter. Northcoast Research currently has a “Buy” rating and a $190.00 price target on the stock. Northcoast Research also issued estimates for Costco Wholesale Corporation’s Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.65 EPS, Q4 2018 earnings at $2.05 EPS and FY2018 earnings at $6.60 EPS.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. The company had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.33%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.77 earnings per share.

TRADEMARK VIOLATION WARNING: This report was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/17/analysts-set-expectations-for-costco-wholesale-corporations-q1-2018-earnings-cost.html.

Several other research firms have also commented on COST. Cowen and Company restated an “outperform” rating and issued a $190.00 price objective on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. Deutsche Bank AG lowered Costco Wholesale Corporation from a “buy” rating to a “hold” rating and upped their price objective for the stock from $142.11 to $167.11 in a research report on Monday, June 19th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. Wells Fargo & Company set a $170.00 price objective on Costco Wholesale Corporation and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, Citigroup Inc. upped their price objective on Costco Wholesale Corporation from $155.00 to $187.00 and gave the stock a “hold” rating in a research report on Friday, October 6th. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Costco Wholesale Corporation currently has a consensus rating of “Buy” and a consensus price target of $178.50.

Costco Wholesale Corporation (NASDAQ:COST) traded down 0.28% during trading on Monday, hitting $158.37. 671,924 shares of the company were exchanged. The stock has a market capitalization of $69.24 billion, a PE ratio of 26.05 and a beta of 0.94. The firm’s 50 day moving average price is $160.27 and its 200-day moving average price is $164.46. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18.

In related news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $157.59, for a total transaction of $157,590.00. Following the completion of the transaction, the director now directly owns 6,974 shares in the company, valued at approximately $1,099,032.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $481,760 over the last 90 days. 0.74% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in COST. Janus Henderson Group PLC boosted its stake in shares of Costco Wholesale Corporation by 3,005.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after buying an additional 4,046,164 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Costco Wholesale Corporation by 62.0% in the 1st quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after buying an additional 1,753,741 shares during the period. Harbour Capital Advisors LLC boosted its stake in shares of Costco Wholesale Corporation by 15,937.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock valued at $9,058,000 after buying an additional 1,439,613 shares during the period. Capital World Investors boosted its stake in shares of Costco Wholesale Corporation by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after buying an additional 1,007,720 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Costco Wholesale Corporation by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after buying an additional 937,121 shares during the period. Institutional investors and hedge funds own 72.49% of the company’s stock.

Costco Wholesale Corporation Company Profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of Augus

Costco Wholesale Corporation (NASDAQ:COST) – Northcoast Research issued their Q1 2018 earnings estimates for shares of Costco Wholesale Corporation in a research report issued on Friday. Northcoast Research analyst C. Cerankosky expects that the retailer will post earnings per share of $1.40 for the quarter. Northcoast Research currently has a “Buy” rating and a $190.00 price target on the stock. Northcoast Research also issued estimates for Costco Wholesale Corporation’s Q2 2018 earnings at $1.50 EPS, Q3 2018 earnings at $1.65 EPS, Q4 2018 earnings at $2.05 EPS and FY2018 earnings at $6.60 EPS.

Costco Wholesale Corporation (NASDAQ:COST) last posted its quarterly earnings data on Thursday, October 5th. The retailer reported $2.08 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.02 by $0.06. The company had revenue of $42.30 billion for the quarter, compared to the consensus estimate of $41.55 billion. Costco Wholesale Corporation had a net margin of 2.08% and a return on equity of 22.33%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $1.77 earnings per share.

TRADEMARK VIOLATION WARNING: This report was originally published by The Ledger Gazette and is owned by of The Ledger Gazette. If you are viewing this report on another website, it was illegally stolen and republished in violation of US and international trademark & copyright laws. The original version of this report can be accessed at https://ledgergazette.com/2017/10/17/analysts-set-expectations-for-costco-wholesale-corporations-q1-2018-earnings-cost.html.

Several other research firms have also commented on COST. Cowen and Company restated an “outperform” rating and issued a $190.00 price objective on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. Deutsche Bank AG lowered Costco Wholesale Corporation from a “buy” rating to a “hold” rating and upped their price objective for the stock from $142.11 to $167.11 in a research report on Monday, June 19th. Oppenheimer Holdings, Inc. restated a “buy” rating on shares of Costco Wholesale Corporation in a research report on Monday, June 19th. Wells Fargo & Company set a $170.00 price objective on Costco Wholesale Corporation and gave the stock a “hold” rating in a research report on Thursday, October 5th. Finally, Citigroup Inc. upped their price objective on Costco Wholesale Corporation from $155.00 to $187.00 and gave the stock a “hold” rating in a research report on Friday, October 6th. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Costco Wholesale Corporation currently has a consensus rating of “Buy” and a consensus price target of $178.50.

Costco Wholesale Corporation (NASDAQ:COST) traded down 0.28% during trading on Monday, hitting $158.37. 671,924 shares of the company were exchanged. The stock has a market capitalization of $69.24 billion, a PE ratio of 26.05 and a beta of 0.94. The firm’s 50 day moving average price is $160.27 and its 200-day moving average price is $164.46. Costco Wholesale Corporation has a 1-year low of $142.11 and a 1-year high of $183.18.

In related news, Director John W. Meisenbach sold 1,000 shares of the firm’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $157.59, for a total transaction of $157,590.00. Following the completion of the transaction, the director now directly owns 6,974 shares in the company, valued at approximately $1,099,032.66. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have sold a total of 3,000 shares of company stock valued at $481,760 over the last 90 days. 0.74% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently made changes to their positions in COST. Janus Henderson Group PLC boosted its stake in shares of Costco Wholesale Corporation by 3,005.9% in the 2nd quarter. Janus Henderson Group PLC now owns 4,180,770 shares of the retailer’s stock valued at $668,630,000 after buying an additional 4,046,164 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Costco Wholesale Corporation by 62.0% in the 1st quarter. Ameriprise Financial Inc. now owns 4,583,281 shares of the retailer’s stock valued at $768,568,000 after buying an additional 1,753,741 shares during the period. Harbour Capital Advisors LLC boosted its stake in shares of Costco Wholesale Corporation by 15,937.3% in the 2nd quarter. Harbour Capital Advisors LLC now owns 1,448,646 shares of the retailer’s stock valued at $9,058,000 after buying an additional 1,439,613 shares during the period. Capital World Investors boosted its stake in shares of Costco Wholesale Corporation by 6.0% in the 2nd quarter. Capital World Investors now owns 17,777,162 shares of the retailer’s stock valued at $2,843,102,000 after buying an additional 1,007,720 shares during the period. Finally, Vanguard Group Inc. boosted its stake in shares of Costco Wholesale Corporation by 2.9% in the 2nd quarter. Vanguard Group Inc. now owns 33,640,766 shares of the retailer’s stock valued at $5,380,168,000 after buying an additional 937,121 shares during the period. Institutional investors and hedge funds own 72.49% of the company’s stock.

Costco Wholesale Corporation Company Profile

Costco Wholesale Corporation is engaged in the operation of membership warehouses in the United States and Puerto Rico, Canada, the United Kingdom, Mexico, Japan, Australia, Spain, and through its subsidiaries in Taiwan and Korea. As of August 28, 2016, the Company operated 715 warehouses across the world.

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

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