3. Costco Wholesale (COST), operates membership warehouses that offers low prices to its members on a limited selection of branded and selected private-label products in a range of merchandise categories. The company will announce its fourth-quarter results on Oct. 5.
Net income for the quarter is seen increasing to $486.09 million from $433.95 million in the year-ago quarter. Earnings per share are estimated to increase by 13% to $1.10 from the year-ago period. Sales are seen rising by 15% to $27.7 billion from $24.1 billion in the year-ago period. Operating profit for the quarter is seen at $748.9 million as compared to $691 million in the prior-year period.
In mid-August, the company paid a quarterly cash dividend of 24 cents per common share. Currently, the company has a dividend yield of 1%. A dividend per share for the quarter is forecast at 67 cents as compared to 21 cents in the year-ago period, as per analysts polled by Bloomberg.Of the 27 analysts covering the stock, 52% recommends a buy, while 41% suggest a hold.
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