Costco Wholesale (NASDAQ:COST) Posts Earnings, Beats Expectations with $0.10 EPS

Costco Wholesale ( NASDAQ:COST – Get Your Free Report ) announced its earnings results on Thursday. The retailer reported $5.15 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $5.05 by $0.10, Briefing.com reports. The firm had revenue of $79.70 billion during 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% year over year. During the same period in the previous year, the firm earned $4.86 EPS.

Costco’s wholesale inventory fell 0.8%

COST opened at $901.44 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.45, and a current ratio of 0.94. The company has a market cap of $399.64 billion, a price-to-earnings ratio of 55.85, a PEG ratio of 5.57 and a beta of 0.80. Costco Wholesale has a one year low of $540.23 and a one year high of $923.83. The company’s fifty day moving average is $869.72 and its two hundred day moving average is $814.95.

Costco Wholesale Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, August 9th. Investors of record on Friday, July 26th were issued a $1.16 dividend. This represents a dividend of $4.64 on an annualized basis and a dividend yield of 0.51%. The ex-dividend date of this dividend was Friday, July 26. Costco Wholesale’s dividend payout ratio is currently 28.75%.

Indoor activity

In related news, insider Daniel M. Hines sold 1,500 shares of the company’s stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $844.20, for a total value of $1,266,300.00. Following the sale, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available via this link. In related news, insider Daniel M. Hines sold 1,500 shares of Costco Wholesale stock in a transaction that occurred on Friday, July 12th. The shares were sold at an average price of $844.20, for a total transaction of $1,266,300.00. Following the completion of the transaction, the insider now directly owns 12,492 shares in the company, valued at approximately $10,545,746.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Also, Director Susan L. Decker sold 620 shares of the stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total value of $543,430.00. Following the sale, the director now owns 11,775 shares in the company, valued at approximately $10,320,787.50. The disclosure for this sale can be found here. Insiders have sold a total of 4,974 shares of company stock worth $4,252,856 over the last 90 days. 0.18% of shares are currently held by corporate insiders.

Analyst upgrades and downgrades

A number of equities analysts recently issued reports on the stock. Morgan Stanley boosted their price target on shares of Costco Wholesale from $855.00 to $950.00 and gave the stock an “overweight” rating in a research report on Monday, September 9th. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 price objective on the stock in a research report on Thursday, August 8th. Truist Financial cut shares of Costco Wholesale from a “buy” rating to a “hold” rating and set a $873.00 target price for the company. in a report on Tuesday. Citigroup lifted their price target on Costco Wholesale from $710.00 to $800.00 and gave the stock a “neutral” rating in a report on Friday, May 31st. Finally, Deutsche Bank Aktiengesellschaft boosted their price objective on Costco Wholesale from $925.00 to $927.00 and gave the company a “buy” rating in a research note on Thursday, August 8th. . Nine equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Costco Wholesale presently has a consensus rating of “Moderate Buy” and an average price target of $861.37, according to MarketBeat .

Check out our latest inventory report on COST

About Costco Wholesale

(Get a free report)

Costco Wholesale Corporation, together with its subsidiaries, engages in the operation of member 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 wide range of merchandise categories.

Featured stories

Get news and reviews for Costco Wholesale Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Costco Wholesale and related companies with MarketBeat.com’s FREE daily email newsletter.