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

Costco Wholesale (NASDAQ:COST) is projected to announce its earnings results after the market closes on Thursday, March 6th. Analysts expect the company to announce earnings of $4.09 per share and revenue of $63.02 billion for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

Costco Wholesale Price Performance

Shares of COST opened at $1,031.97 on Thursday. Costco Wholesale has a fifty-two week low of $697.27 and a fifty-two week high of $1,078.23. The firm’s 50 day moving average price is $979.28 and its 200 day moving average price is $935.71. The company has a market cap of $458.09 billion, a P/E ratio of 60.60, a PEG ratio of 6.15 and a beta of 0.84. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23.

Costco Wholesale Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 21st. Shareholders of record on Friday, February 7th were given a $1.16 dividend. This represents a $4.64 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Friday, February 7th. Costco Wholesale’s dividend payout ratio is presently 27.25%.

Analyst Ratings Changes

A number of research analysts recently commented on the stock. Jefferies Financial Group increased their target price on shares of Costco Wholesale from $1,050.00 to $1,145.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Citigroup increased their target price on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the company a “neutral” rating in a research report on Wednesday, December 18th. Telsey Advisory Group reaffirmed an “outperform” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Evercore ISI reaffirmed a “hold” rating on shares of Costco Wholesale in a research report on Friday, February 14th. Finally, Barclays increased their price target on shares of Costco Wholesale from $850.00 to $940.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. Ten equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $1,021.93.

Costco Wholesale Company Profile

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.