Analysts See $1.31 EPS for Costco Wholesale Corporation (COST)

November 15, 2017 - By Hazel Jackson

 Analysts See $1.31 EPS for Costco Wholesale Corporation (COST)
Investors sentiment increased to 1.28 in 2017 Q2. Its up 0.40, from 0.88 in 2017Q1. It improved, as 64 investors sold Costco Wholesale Corporation shares while 376 reduced holdings. 123 funds opened positions while 438 raised stakes. 311.53 million shares or 2.27% less from 318.75 million shares in 2017Q1 were reported.
Ngam Advsrs Limited Partnership holds 60,824 shares. Daiwa Secs Gru owns 21,450 shares. Rwc Asset Llp, United Kingdom-based fund reported 28,024 shares. Osborne Cap Management Ltd Llc reported 0.28% stake. Gardner Russo & Gardner Llc stated it has 0.01% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Davidson Advisors, Montana-based fund reported 418 shares. Gulf Bankshares (Uk) Ltd holds 136,203 shares or 0.31% of its portfolio. Everence Management holds 8,400 shares or 0.33% of its portfolio. Dimensional Fund Limited Partnership invested in 1.24M shares or 0.09% of the stock. 6,451 are owned by First Foundation Advsr. Fortaleza Asset, a Illinois-based fund reported 2,195 shares. Lloyds Banking Public Ltd Company invested in 1.66% or 1,071 shares. Moreover, Mountain Pacific Inv Advisers Id has 0.28% invested in Costco Wholesale Corporation (NASDAQ:COST) for 15,475 shares. Navellier & Inc stated it has 6,300 shares. Rand Wealth Ltd Limited Liability Company invested in 0.52% or 24,104 shares.

Since June 5, 2017, it had 0 buys, and 3 selling transactions for $2.36 million activity. Another trade for 3,000 shares valued at $544,810 was sold by McKay John D. Another trade for 5,000 shares valued at $906,598 was made by Hines Daniel M. on Tuesday, June 6.

Analysts await Costco Wholesale Corporation (NASDAQ:COST) to report earnings on December, 6. They expect $1.31 EPS, up 11.97 % or $0.14 from last year’s $1.17 per share. COST’s profit will be $572.48M for 32.72 P/E if the $1.31 EPS becomes a reality. After $2.08 actual EPS reported by Costco Wholesale Corporation for the previous quarter, Wall Street now forecasts -37.02 % negative EPS growth. The stock decreased 0.01% or $0.02 during the last trading session, reaching $171.44. About 1.77 million shares traded. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since November 15, 2016 and is uptrending. It has outperformed by 8.44% the S&P500.

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Among 28 analysts covering Costco Wholesale (NASDAQ:COST), 18 have Buy rating, 0 Sell and 10 Hold. Therefore 64% are positive. Costco Wholesale had 101 analyst reports since August 24, 2015 according to SRatingsIntel. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Hold” rating by Jefferies on Friday, May 26. The rating was maintained by Deutsche Bank on Monday, December 5 with “Buy”. The rating was maintained by UBS on Thursday, August 31 with “Buy”. Cowen & Co maintained the shares of COST in report on Monday, June 19 with “Buy” rating. The firm earned “Hold” rating on Friday, October 6 by BMO Capital Markets. BMO Capital Markets maintained Costco Wholesale Corporation (NASDAQ:COST) rating on Friday, April 7. BMO Capital Markets has “Outperform” rating and $195 target. Cowen & Co maintained Costco Wholesale Corporation (NASDAQ:COST) on Friday, October 6 with “Buy” rating. The stock has “Buy” rating by Stifel Nicolaus on Friday, May 26. The firm has “Hold” rating by Goldman Sachs given on Friday, June 16. Williams Capital Group maintained the shares of COST in report on Friday, October 23 with “Hold” rating.

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. The company has market cap of $74.92 billion. As of August 28, 2016, the Company operated 715 warehouses across the world. It has a 28.19 P/E ratio. The Company’s average warehouse space is approximately 144,000 square feet.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Seekingalpha.com which released: “Costco Posts Great October Numbers” on November 06, 2017, also Investorplace.com with their article: “Costco Wholesale Corporation (COST) Is a Great Buy, Post Rally” published on October 27, 2017, Globenewswire.com published: “Costco Wholesale Corporation Announces Quarterly Cash Dividend” on October 30, 2017. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Investorplace.com and their article: “Costco Wholesale Corporation Stock Isn’t Cheap Enough, Yet” published on October 19, 2017 as well as Seekingalpha.com‘s news article titled: “Costco Remains An Above-Average Operation” with publication date: November 08, 2017.

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