Costco Wholesale (COST) Scheduled to Post Quarterly Earnings on Thursday

Costco Wholesale (NASDAQ:COST) is set to issue its quarterly earnings data after the market closes on Thursday, September 26th. Analysts expect the company to announce earnings of $5.02 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Costco Wholesale Stock Up 1.1 %

Costco Wholesale stock opened at $917.08 on Tuesday. Costco Wholesale has a 12 month low of $540.23 and a 12 month high of $923.83. The stock has a market capitalization of $406.57 billion, a PE ratio of 56.82, a price-to-earnings-growth ratio of 5.51 and a beta of 0.80. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.94 and a quick ratio of 0.45. The business has a 50 day simple moving average of $866.22 and a 200-day simple moving average of $812.45.

Costco Wholesale Dividend Announcement

The company also recently disclosed 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 $4.64 annualized dividend and a yield of 0.51%. The ex-dividend date of this dividend was Friday, July 26th. Costco Wholesale’s payout ratio is 28.75%.

Wall Street Analysts Forecast Growth

COST has been the subject of a number of recent research reports. Roth Mkm reiterated a “neutral” rating and set a $676.00 price objective (up previously from $650.00) on shares of Costco Wholesale in a research report on Friday, May 31st. Truist Financial upped their price objective on shares of Costco Wholesale from $815.00 to $873.00 and gave the company a “buy” rating in a report on Friday, May 31st. Gordon Haskett raised shares of Costco Wholesale from an “accumulate” rating to a “buy” rating and set a $925.00 target price on the stock in a research note on Thursday, August 8th. DA Davidson reissued a “neutral” rating and issued a $780.00 price target on shares of Costco Wholesale in a research note on Friday, September 6th. Finally, Evercore ISI upped their price objective on Costco Wholesale from $915.00 to $925.00 and gave the company an “outperform” rating in a report on Friday, September 6th. Eight investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $857.48.

Insider Transactions at Costco Wholesale

In other Costco Wholesale news, Director Susan L. Decker sold 620 shares of the business’s stock in a transaction on Thursday, August 15th. The shares were sold at an average price of $876.50, for a total transaction of $543,430.00. Following the sale, the director now directly owns 11,775 shares in the company, valued at approximately $10,320,787.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Susan L. Decker sold 620 shares of the firm’s stock in a transaction on Thursday, August 15th. The stock was sold at an average price of $876.50, for a total value of $543,430.00. Following the completion of the transaction, the director now owns 11,775 shares in the company, valued at $10,320,787.50. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Kenneth D. Denman sold 350 shares of the business’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $851.53, for a total transaction of $298,035.50. Following the completion of the sale, the director now owns 5,920 shares in the company, valued at $5,041,057.60. The disclosure for this sale can be found here. In the last quarter, insiders sold 4,974 shares of company stock worth $4,252,856. Company insiders own 0.18% of the company’s stock.

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.