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

Costco Wholesale (NASDAQ:COST) is expected 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. Investors that are interested in registering for the company’s conference call can do so using this link.

Costco Wholesale Stock Performance

Shares of COST stock opened at $1,031.97 on Thursday. The firm has a market cap of $458.09 billion, a price-to-earnings ratio of 60.60, a PEG ratio of 6.15 and a beta of 0.84. Costco Wholesale has a 52-week low of $697.27 and a 52-week high of $1,078.23. The company has a quick ratio of 0.43, a current ratio of 0.98 and a debt-to-equity ratio of 0.23. The company’s 50 day moving average is $979.28 and its 200 day moving average is $935.71.

Costco Wholesale Announces Dividend

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

Analysts Set New Price Targets

Several research firms have recently commented on COST. Citigroup lifted their price objective on shares of Costco Wholesale from $800.00 to $1,060.00 and gave the stock a “neutral” rating in a research note on Wednesday, December 18th. TD Cowen lifted their price objective on shares of Costco Wholesale from $975.00 to $1,090.00 and gave the stock a “buy” rating in a research note on Friday, December 13th. Wells Fargo & Company lifted their price objective on shares of Costco Wholesale from $950.00 to $1,000.00 and gave the stock an “equal weight” rating in a research note on Friday, December 13th. BMO Capital Markets lifted their price objective on shares of Costco Wholesale from $1,075.00 to $1,175.00 and gave the stock an “outperform” rating in a research note on Friday, December 13th. Finally, Stifel Nicolaus lifted their price objective on shares of Costco Wholesale from $1,000.00 to $1,075.00 and gave the stock a “buy” rating in a research note on Thursday, February 6th. Ten research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average 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.