$0.79 EPS Expected for BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ) This Quarter

Equities analysts forecast that BJ’s Wholesale Club Holdings, Inc. (NYSE:BJ – Get Rating) will announce $0.79 earnings per share (EPS) for the current fiscal quarter, according to Zacks Investment Research. Six analysts have provided estimates for BJ’s Wholesale Club’s earnings, with the lowest EPS estimate coming in at $0.74 and the highest estimate coming in at $0.86. BJ’s Wholesale Club posted earnings of $0.82 per share in the same quarter last year, which suggests a negative year-over-year growth rate of 3.7%. The business is scheduled to report its next quarterly earnings results on Monday, January 1st.

On average, analysts expect that BJ’s Wholesale Club will report full year earnings of $3.27 per share for the current fiscal year, with EPS estimates ranging from $3.19 to $3.40. For the next fiscal year, analysts forecast that the business will report earnings of $3.58 per share, with EPS estimates ranging from $3.49 to $3.75. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that cover BJ’s Wholesale Club.

BJ’s Wholesale Club (NYSE:BJ – Get Rating) last released its earnings results on Thursday, May 19th. The company reported $0.87 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.15. BJ’s Wholesale Club had a net margin of 2.65% and a return on equity of 77.13%. The business had revenue of $4.50 billion during the quarter, compared to the consensus estimate of $4.24 billion. During the same quarter last year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 16.2% compared to the same quarter last year.

Several equities analysts have recently commented on the stock. Credit Suisse Group dropped their target price on shares of BJ’s Wholesale Club from $80.00 to $70.00 and set an “outperform” rating for the company in a research report on Friday, March 4th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of BJ’s Wholesale Club from $70.00 to $74.00 in a research report on Friday. Finally, Citigroup lifted their price target on shares of BJ’s Wholesale Club from $58.00 to $63.00 and gave the company a “neutral” rating in a report on Friday. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and ten have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $66.83.

In other news, Director Kenneth M. Parent sold 35,004 shares of the business’s stock in a transaction that occurred on Tuesday, April 5th. The shares were sold at an average price of $67.42, for a total value of $2,359,969.68. Following the transaction, the director now owns 14,143 shares in the company, valued at approximately $953,521.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 2.10% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in BJ. Allspring Global Investments Holdings LLC acquired a new position in shares of BJ’s Wholesale Club during the 4th quarter valued at $256,944,000. Goldman Sachs Group Inc. lifted its position in shares of BJ’s Wholesale Club by 145.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,422,594 shares of the company’s stock valued at $163,792,000 after acquiring an additional 1,436,785 shares during the period. Eaton Vance Management lifted its position in shares of BJ’s Wholesale Club by 323.5% during the 1st quarter. Eaton Vance Management now owns 1,719,134 shares of the company’s stock valued at $116,230,000 after acquiring an additional 1,313,206 shares during the period. Morgan Stanley raised its holdings in BJ’s Wholesale Club by 679.9% during the second quarter. Morgan Stanley now owns 1,061,319 shares of the company’s stock worth $50,499,000 after buying an additional 925,238 shares during the last quarter. Finally, FIL Ltd raised its holdings in BJ’s Wholesale Club by 13,280.3% during the third quarter. FIL Ltd now owns 782,746 shares of the company’s stock worth $42,988,000 after buying an additional 776,896 shares during the last quarter. Institutional investors own 99.98% of the company’s stock.

NYSE BJ opened at $52.29 on Monday. BJ’s Wholesale Club has a 52-week low of $43.81 and a 52-week high of $74.09. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.14 and a current ratio of 0.80. The firm has a 50-day moving average of $65.22 and a 200-day moving average of $64.17. The stock has a market cap of $7.07 billion, a PE ratio of 15.75, a P/E/G ratio of 2.25 and a beta of 0.51.

BJ’s Wholesale Club Company Profile (Get Rating)

BJ's Wholesale Club Holdings, Inc, together with its subsidiaries, operates warehouse clubs on the east coast of the United States. It provides perishable, general merchandise, gasoline, and other ancillary services. The company sells its products through the websites BJs.com, BerkleyJensen.com, Wellsleyfarms.com, and Delivery.bjs.com as well as the mobile app.

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