Zacks: Brokers expect BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) to post earnings per share of $0.74

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Stock analysts expect BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) to post earnings per share of $0.74 for the current fiscal quarter, according to Zacks. Five analysts provided earnings estimates for BJ’s Wholesale Club, with the lowest EPS estimate being $0.66 and the highest estimate being $0.81. BJ’s Wholesale Club reported earnings of $0.70 per share in the same quarter last year, indicating a positive growth rate of 5.7% year-over-year. The company is expected to announce its next quarterly results on Thursday, March 3.

According to Zacks, analysts expect BJ’s Wholesale Club to report annual earnings of $3.18 per share for the current year, with EPS estimates ranging from $2.97 to $3.26. For next year, analysts expect the company to post earnings of $3.40 per share, with EPS estimates ranging from $3.10 to $3.81. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts who provide coverage for BJ’s Wholesale Club.

BJ’s Wholesale Club (NYSE:BJ) last released its quarterly results on Thursday, November 18. The company reported EPS of $0.91 for the quarter, beating consensus analyst estimates of $0.81 by $0.10. The company posted revenue of $4.26 billion for the quarter, versus analyst estimates of $3.93 billion. BJ’s Wholesale Club had a return on equity of 97.54% and a net margin of 2.55%. The company’s quarterly revenue increased by 14.3% compared to the same quarter last year. In the same period a year earlier, the company posted earnings per share of $0.92.

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A number of stock analysts have weighed in on BJ shares. Gordon Haskett upgraded BJ’s Wholesale Club from a “hold” rating to a “buy” rating and set a price target of $70.00 on the stock in a Thursday, November 11 research report. Citigroup raised its price target on BJ’s Wholesale Club from $59.00 to $77.00 and gave the stock a “neutral” rating in a Friday, November 19 research report. MKM Partners raised its price target on BJ’s Wholesale Club from $48.00 to $62.00 and gave the stock a “neutral” rating in a Friday, November 19 research report. Bank of America downgraded BJ’s Wholesale Club from a “buy” rating to a “neutral” rating and raised its target price for the company from $60.00 to $66.00 in a Thursday, October 28 research report. Finally, Goldman Sachs Group downgraded BJ’s Wholesale Club from a “buy conviction” rating to a “buy” rating in a Tuesday, December 14 research report. One analyst rated the stock with a sell rating, nine assigned a hold rating and nine gave the stock a buy rating. According to data from MarketBeat, BJ’s Wholesale Club currently has an average rating of “Hold” and a consensus price target of $65.84.

NYSE BJ traded down $0.59 during Wednesday’s trading, hitting $59.40. 917,664 shares of the company were traded, against an average volume of 1,213,555. The company has a 50-day moving average price of $65.23 and a 200-day moving average price of $58.62. The stock has a market capitalization of $8.08 billion, a P/E ratio of 19.80, a PEG ratio of 1.91 and a beta of 0.43. The company has a debt ratio of 1.32, a current ratio of 0.76 and a quick ratio of 0.16. BJ’s Wholesale Club has a fifty-two week minimum of $37.15 and a fifty-two week maximum of $74.09.

Separately, Executive Vice President Brian Poulliot sold 646 shares of the company in a transaction that took place on Friday, November 5. The stock was sold at an average price of $62.03, for a total value of $40,071.38. The sale was disclosed in a legal filing with the SEC, accessible via this hyperlink. Additionally, director Robert Allan Steele sold 11,812 shares of the company in a trade that took place on Wednesday, December 15. The shares were sold at an average price of $67.13, for a total value of $792,939.56. The disclosure of this sale can be found here. In the past 90 days, insiders have sold 22,694 shares of the company worth $1,451,569. Insiders of the company own 2.10% of the shares of the company.

Several large investors have recently changed their stake in the company. Moors & Cabot Inc. increased its position in shares of BJ’s Wholesale Club by 3.9% during the third quarter. Moors & Cabot Inc. now owns 4,633 shares of the company worth $256,000 after purchasing an additional 175 shares during the period. Fifth Third Bancorp increased its position in BJ’s Wholesale Club shares by 49.2% during the third quarter. Fifth Third Bancorp now owns 573 shares of the company worth $31,000 after purchasing an additional 189 shares during the period. Harbor Investment Advisory LLC increased its position in BJ’s Wholesale Club by 13.9% in Q3. Harbor Investment Advisory LLC now owns 1,644 shares of the company valued at $90,000 after buying 200 more shares in the last quarter. The Florida Retirement System State Board of Directors increased its position in BJ’s Wholesale Club by 0.4% in Q3. The Florida Retirement System State Board of Directors now owns 52,490 shares of the company valued at $2,883,000 after purchasing an additional 210 shares in the last quarter. Finally, Financial Management Professionals Inc. increased its position in BJ’s Wholesale Club by 9.5% in the third quarter. Financial Management Professionals Inc. now owns 2,532 shares of the company valued at $139,000 after buying 219 additional shares in the last quarter.

About BJ’s Wholesale Club

BJ’s Wholesale Club Holdings, Inc is engaged in the operation of a membership warehouse club. Its product categories include groceries; household and pet; television and electronics; furniture; computer and tablets; patio and outdoor living; lawn and garden; baby and children; toys; residence; health and beauty; Appliances; and jewelry.

See also: Quantitative easing

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

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