$2.01 EPS Expected for Costco Wholesale Corporation (COST)

September 17, 2017 - By Peter Erickson

 $2.01 EPS Expected for Costco Wholesale Corporation (COST)
Investors sentiment increased to 1.1 in Q4 2016. Its up 0.16, from 0.94 in 2016Q3. It is positive, as 59 investors sold Costco Wholesale Corporation shares while 405 reduced holdings. 116 funds opened positions while 395 raised stakes. 313.68 million shares or 1.52% more from 308.97 million shares in 2016Q3 were reported.
Argent stated it has 0.26% in Costco Wholesale Corporation (NASDAQ:COST). Hills National Bank & Trust And Co invested 0.2% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Hudson Canyon Counselors Ltd owns 6,219 shares. Cohen Cap Mngmt holds 0.4% or 9,204 shares in its portfolio. Architects has invested 0.08% in Costco Wholesale Corporation (NASDAQ:COST). Fiduciary Fin Of The Southwest Incorporated Tx invested in 0.73% or 13,883 shares. 203,408 were accumulated by Pnc Finance Svcs Group Inc. Stephens Ar owns 43,055 shares. Evercore Wealth Llc reported 144,560 shares. Henderson Group Public Ltd invested in 152,886 shares or 0.18% of the stock. Advsr Asset Mgmt invested in 71,179 shares. Osborne Capital Management stated it has 12,285 shares or 0.29% of all its holdings. West Coast Financial Limited owns 9,538 shares or 0.48% of their US portfolio. Palladium Prtn Lc stated it has 8,148 shares. Mercer Capital Advisers invested in 0.06% or 463 shares.

Since March 16, 2017, it had 0 insider buys, and 4 sales for $18.99 million activity. Another trade for 100,000 shares valued at $16.64M was made by SINEGAL JAMES D on Friday, March 24. Rose Timothy L. sold $667,799 worth of stock or 4,000 shares. Murphy James P. sold $906,504 worth of stock. $906,598 worth of stock was sold by Hines Daniel M. on Tuesday, June 6. Shares for $544,810 were sold by McKay John D on Monday, June 5.

Investors wait Costco Wholesale Corporation (NASDAQ:COST) to report on October, 5 after the close. its quarterly earnings Wall Street analysts expect $2.01 EPS, up $0.24 or 13.56 % from last year’s $1.77 same quarter earnings. This translates into $881.53M profit for COST giving the stock a 20.19 P/E. This is assuming the current $2.01 EPS is accurate. Costco Wholesale Corporation’s Wall Street analysts see 43.57 % EPS growth, taking into account the $1.40 EPS reproted in the previous quarter, The stock decreased 0.04% or $0.07 on September 15, reaching $162.3. About 3.76 million shares traded or 20.51% up from the average. Costco Wholesale Corporation (NASDAQ:COST) has risen 25.14% since September 17, 2016 and is uptrending. It has outperformed by 8.44% the S&P500.

Costco Wholesale Corporation (NASDAQ:COST) Ratings Coverage

Among 27 analysts covering Costco Wholesale (NASDAQ:COST), 18 have Buy rating, 0 Sell and 9 Hold. Therefore 67% are positive. Costco Wholesale had 88 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Cleveland given on Friday, February 26. The firm has “Buy” rating given on Thursday, August 31 by UBS. On Friday, September 30 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Buy” rating on Friday, May 26 by Oppenheimer. Jefferies maintained the stock with “Hold” rating in Monday, July 17 report. Susquehanna initiated the stock with “Positive” rating in Friday, February 10 report. The stock of Costco Wholesale Corporation (NASDAQ:COST) earned “Buy” rating by Deutsche Bank on Monday, December 5. Telsey Advisory Group maintained Costco Wholesale Corporation (NASDAQ:COST) on Thursday, January 5 with “Outperform” rating. The stock of Costco Wholesale Corporation (NASDAQ:COST) has “Buy” rating given on Monday, June 19 by Oppenheimer. On Thursday, December 3 the stock rating was upgraded by Deutsche Bank to “Buy”.

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 $71.18 billion. As of August 28, 2016, the Company operated 715 warehouses across the world. It has a 28.15 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 A Screaming Buy After Thursday’s Ridiculous Selloff” on August 25, 2017, also Seekingalpha.com with their article: “Target-Induced Costco Selloff Is Absurd” published on September 08, 2017, Globenewswire.com published: “Costco Wholesale Corporation Reports August Sales Results” on August 31, 2017. More interesting news about Costco Wholesale Corporation (NASDAQ:COST) were released by: Seekingalpha.com and their article: “Will Costco’s Growth Continue Amid Threat From Amazon?” published on September 04, 2017 as well as Investorplace.com‘s news article titled: “Trade of the Day: Costco Wholesale Corporation (COST)” with publication date: September 14, 2017.

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