Costco Wholesale Corporation (COST) Set to Announce Quarterly Earnings on Thursday
Costco Wholesale Corporation (NASDAQ:COST) will announce its earnings results after the market closes on Thursday, October 5th. Analysts expect the company to announce earnings of $1.99 per share for the quarter.
Costco Wholesale Corporation (COST) opened at 165.89 on Tuesday. The company’s 50 day moving average price is $159.35 and its 200 day moving average price is $164.91. The firm has a market capitalization of $72.76 billion, a P/E ratio of 28.80 and a beta of 0.94. Costco Wholesale Corporation has a 12 month low of $142.11 and a 12 month high of $183.18.
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In related news, Director John W. Meisenbach sold 1,000 shares of Costco Wholesale Corporation stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $159.25, for a total value of $159,250.00. Following the completion of the sale, the director now directly owns 4,974 shares in the company, valued at $792,109.50. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold 3,000 shares of company stock worth $481,760 in the last ninety days. 0.74% of the stock is currently owned by insiders.
Several research analysts have recently issued reports on COST shares. Vetr upgraded shares of Costco Wholesale Corporation from a “buy” rating to a “strong-buy” rating and set a $182.22 price objective on the stock in a report on Monday, August 21st. Deutsche Bank AG reiterated a “hold” rating and issued a $172.00 target price on shares of Costco Wholesale Corporation in a research note on Tuesday, September 5th. Robert W. Baird set a $200.00 target price on shares of Costco Wholesale Corporation and gave the company a “buy” rating in a research note on Thursday, July 27th. BidaskClub cut shares of Costco Wholesale Corporation from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, BMO Capital Markets set a $160.00 target price on Costco Wholesale Corporation and gave the stock a “hold” rating in a research report on Tuesday, August 29th. Ten investment analysts have rated the stock with a hold rating and twenty-two have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $179.40.
About Costco Wholesale Corporation
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.
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