BJ’s Wholesale Club Holdings, Inc. (NYSE: BJ) is expected to report earnings of $0.79 per share

0

Wall Street analysts expect BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) to report earnings of $0.79 per share for the current quarter, according to Zacks. Six analysts have released earnings estimates for BJ’s Wholesale Club. The lowest EPS estimate is $0.74 and the highest is $0.86. BJ’s Wholesale Club reported earnings per share of $0.82 in the same quarter last year, indicating a negative 3.7% year-over-year growth rate. The company is expected to release its next earnings report on Monday, January 1.

On average, analysts expect BJ’s Wholesale Club to report annual earnings of $3.27 per share for the current year, with EPS estimates ranging from $3.19 to $3.40. For the next fiscal year, analysts expect the company to report earnings of $3.58 per share, with EPS estimates ranging from $3.49 to $3.75. Zacks Investment Research’s earnings per share calculations are an average average based on a survey of analysts who cover BJ’s Wholesale Club.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last released quarterly earnings data on Thursday, May 19. The company reported earnings per share of $0.87 for the quarter, beating analyst consensus estimates of $0.72 by $0.15. BJ’s Wholesale Club achieved a return on equity of 77.13% and a net margin of 2.65%. The company posted revenue of $4.50 billion in the quarter, compared to $4.24 billion expected by analysts. During the same period a year earlier, the company posted EPS of $0.72. The company’s quarterly revenue increased 16.2% year over year.

(A d)

Whether you’re looking to learn the basics of futures or you’re a seasoned veteran looking to hone your trading skills, our technical analysis guide has everything you need to succeed in today’s futures markets. today!

Several brokerages have recently released reports on BJ. Credit Suisse Group reduced its price target on BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating for the company in a Friday, March 4 research note. Deutsche Bank Aktiengesellschaft raised its price target on BJ’s Wholesale Club from $70.00 to $74.00 in a research note on Friday. Finally, Citigroup raised its price target on BJ’s Wholesale Club from $58.00 to $63.00 and gave the stock a “neutral” rating in a research note on Friday. One financial analyst has assigned the stock a sell rating, seven have assigned a hold rating and ten have assigned the stock a buy rating. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $66.83.

BJ’s Wholesale Club stock opened at $52.29 on Monday. The stock has a 50-day moving average of $65.22 and a two-hundred-day moving average of $64.17. The company has a debt ratio of 1.04, a quick ratio of 0.14 and a current ratio of 0.80. BJ’s Wholesale Club has a one-year minimum of $43.81 and a one-year maximum of $74.09. The stock has a market capitalization of $7.07 billion, a PE ratio of 15.75, a growth price-earnings ratio of 2.25 and a beta of 0.51.

Separately, director Kenneth M. Parent sold 35,004 shares of BJ’s Wholesale Club in a trade that took place on Tuesday, April 5. The stock was sold at an average price of $67.42, for a total transaction of $2,359,969.68. Following the transaction, the administrator now owns 14,143 shares of the company, valued at $953,521.06. The sale was disclosed in a document filed with the SEC, accessible via this link. Insiders of the company own 2.10% of the shares of the company.

A number of institutional investors and hedge funds have recently increased or reduced their stakes in BJ. Pacer Advisors Inc. increased its holdings of BJ’s Wholesale Club stock by 1.2% in the 4th quarter. Pacer Advisors Inc. now owns 14,285 shares of the company valued at $957,000 after buying 174 additional shares in the last quarter. Moors & Cabot Inc. increased its stake in BJ’s Wholesale Club by 3.9% during the 3rd quarter. Moors & Cabot Inc. now owns 4,633 shares of the company valued at $256,000 after acquiring 175 additional shares in the last quarter. CIBC Asset Management Inc. increased its stake in BJ’s Wholesale Club by 3.8% during the 4th quarter. CIBC Asset Management Inc. now owns 5,754 shares of the company valued at $385,000 after acquiring 209 additional shares in the last quarter. BTC Capital Management Inc. increased its stake in BJ’s Wholesale Club by 3.2% during Q1. BTC Capital Management Inc. now owns 7,018 shares of the company valued at $470,000 after acquiring 218 additional shares in the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its stake in BJ’s Wholesale Club by 5.3% during the 4th quarter. Vestmark Advisory Solutions Inc. now owns 4,614 shares of the company valued at $309,000 after acquiring 232 additional shares in the last quarter. 99.98% of the shares are held by hedge funds and other institutional investors.

About BJ’s Wholesale Club (Get an assessment)

BJ’s Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the East Coast of the United States. It provides perishables, general merchandise, gasoline and other ancillary services. The Company sells its products through the BJs.com, BerkleyJensen.com, Wellsleyfarms.com and Delivery.bjs.com websites and mobile application.

Recommended Stories

Get a Free Copy of Zacks Research Report on BJ’s Wholesale Club (BJ)

For more information on Zacks Investment Research’s research offerings, visit Zacks.com

Earnings history and estimates for BJ's Wholesale Club (NYSE:BJ)

This instant alert was powered by MarketBeat’s narrative science technology and financial data to provide readers with the fastest and most accurate reports. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send questions or comments about this story to [email protected]

Should you invest $1,000 in BJ’s Wholesale Club right now?

Before you consider BJ’s Wholesale Club, you’ll want to hear this.

MarketBeat tracks daily the highest rated and most successful research analysts on Wall Street and the stocks they recommend to their clients. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the market takes off…and BJ’s Wholesale Club didn’t make the list.

While BJ’s Wholesale Club currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

See the 5 actions here

Share.

Comments are closed.