Analysts See $2.01 EPS for Costco Wholesale Corporation (COST)

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16 September, 2017

The Engine segment's products include turbochargers, timing devices and chains, emissions systems and thermal systems. Pennsylvania Trust Co sold 2,345 shares as Costco Whsl Corp New (COST)'s stock rose 1.54%. COST's profit would be $881.52 million giving it 20.20 P/E if the $2.01 EPS is correct.

While looking at the Stock's Performance, Costco Wholesale Corporation now shows a Weekly Performance of 1.94%, where Monthly Performance is 3.5%, Quarterly performance is -9.82%, 6 Months performance is 1.12% and yearly performance percentage is 12.11%. Ameriprise Financial Inc. grew its position in Costco Wholesale Corporation by 62.0% in the first quarter. It has outperformed by 8.44% the S&P500.

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 a market cap of $77.24 billion, a price-to-earnings ratio of 32.09 and a beta of 0.89. As of August 28, 2016, the Company operated 715 warehouses across the world. The company's P/E (price to earnings) ratio is 28.16 and Forward P/E ratio of 25.27. The Company's average warehouse space is approximately 144,000 square feet.

In related news, insider David S. Petterson sold 4,000 shares of the firm's stock in a transaction on Friday, December 9th. Hines Daniel M. had sold 5,000 shares worth $906,598. Rose Timothy L. also sold $667,799 worth of Costco Wholesale Corporation (NASDAQ:COST) on Thursday, March 16. Ancora Advsr Lc invested 0.11% in Costco Wholesale Corporation (NASDAQ:COST). Therefore 67% are positive.

More notable recent Costco Wholesale Corporation (NASDAQ:COST) news were published by: Investorplace.com which released: "Go Long Costco Wholesale Corporation (COST) Stock for Free" on August 17, 2017, also Fool.com with their article: "Costco Wholesale Corporation in 6 Charts" published on August 26, 2017, Investorplace.com published: "Trade of the Day: Costco Wholesale Corporation (COST)" on September 14, 2017. Costco Wholesale Corporation now has a consensus rating of "Buy" and an average price target of $174.85. The firm has "Buy" rating by RBC Capital Markets given on Thursday, June 29. Costco Wholesale Corporation also was the recipient of some unusual options trading on Thursday. The stock has "Buy" rating by Oppenheimer on Thursday, July 6. 10 of them rate its stock a hold. Finally, BidaskClub downgraded shares of Costco Wholesale Corporation from a "strong-buy" rating to a "buy" rating in a report on Tuesday, June 20th. Nomura set a $185.00 price target on Costco Wholesale Corporation and gave the stock a "buy" rating in a research note on Thursday, December 1st. BMO Capital Markets maintained Costco Wholesale Corporation (NASDAQ:COST) on Friday, April 7 with "Outperform" rating. The institutional investor owned 16,143 shares of the retailer's stock after acquiring an additional 1,358 shares during the period. Its up 0.40, from 0.88 in 2016Q3. It increased, as 59 investors sold Costco Wholesale Corporation shares while 405 reduced holdings. 313.68 million shares or 1.52% more from 308.97 million shares in 2016Q3 were reported. Mckinley Carter Wealth Service Incorporated accumulated 3,043 shares. Monroe Retail Bank And Trust Mi, Michigan-based fund reported 100 shares.

ILLEGAL ACTIVITY NOTICE: "Costco Wholesale Corporation (NASDAQ:COST) Stock Rating Reaffirmed by Cowen and Company" was first reported by StockNewsTimes and is the property of of StockNewsTimes. Mirae Asset Investments Limited reported 0.32% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Wellington Mngmt Llp invested 0.72% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). Weik Investment Ser invested 1.26% of its portfolio in Costco Wholesale Corporation (NASDAQ:COST). 3,959 were accumulated by Riverhead Capital Ltd Co. Tompkins holds 9,526 shares. Palisade Capital Management LLC NJ boosted its holdings in Costco Wholesale Corporation by 150.4% in the first quarter. Scopus Asset Limited Partnership stated it has 595,812 shares. The California-based Fundx Grp Llc has invested 0.11% in Costco Wholesale Corporation (NASDAQ:COST). Stephens Invest Management Gp reported 116,642 shares or 0.75% of all its holdings. Joel Isaacson & Communication Ltd reported 0.05% stake. Shares of PRU have sank -5.83% in the past three monthswhile the S&P 500 has dropped -7.6% in that time.

Analysts await Dril-Quip, Inc. (NYSE:CF) to report earnings on November, 1.

Among 27 analysts covering Costco Wholesale (NASDAQ:COST), 18 have Buy rating, 0 Sell and 9 Hold. After $0.10 actual earnings per share reported by CF Industries Holdings, Inc. for the previous quarter, Wall Street now forecasts -660.00% negative EPS growth. Wall Street Assoc holds 0.35% or 2,288 shares in its portfolio. And then on the other side of the spectrum one analyst entrenched in the bullish camp has a target as high as $205.

When it comes to the Analysis of a Stock, Price Target plays a vital role. The company was initiated on Monday, November 9 by Citigroup. (NYSE:DRQ) has "Neutral" rating given on Wednesday, March 1 by Guggenheim. As per Wednesday, June 1, the company rating was upgraded by Goldman Sachs. The stock of Dril-Quip, Inc. (NYSE:BWA) has "Equal Weight" rating given on Friday, February 10 by Barclays Capital. The firm earned "Hold" rating on Tuesday, August 22 by Jefferies. Chicago-based equity research firm Zacks Investment Research has assigned this stock ABR (Average Brokerage Recommendation) of 1.71, indicating analysts in general look favorably on the company's future prospects. Dril-Quip, Inc. (DRQ) has declined 8.80% since September 15, 2016 and is downtrending. It has outperformed by 8.30% the S&P500. The stock increased 0.62% or $0.2 on September 15, reaching $32.68. The company's stock had a trading volume of 1,917,372 shares. Rainier Investment Mngmt Ltd Llc holds 42,180 shares or 0.95% of its portfolio. In the last ninety days, insiders have sold 3,000 shares of company stock worth $477,120.


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