$0.37 Earnings Per Share Expected for Ollie’s Bargain Outlet (OLLI) This Quarter

Equities analysts expect that Ollie’s Bargain Outlet (NASDAQ:OLLI) will report earnings of $0.37 per share for the current quarter, according to Zacks. Four analysts have issued estimates for Ollie’s Bargain Outlet’s earnings. The lowest EPS estimate is $0.35 and the highest is $0.39. Ollie’s Bargain Outlet posted earnings per share of $0.25 during the same quarter last year, which would indicate a positive year over year growth rate of 48%. The firm is scheduled to announce its next quarterly earnings report on Wednesday, May 30th.

On average, analysts expect that Ollie’s Bargain Outlet will report full-year earnings of $1.65 per share for the current financial year, with EPS estimates ranging from $1.44 to $1.69. For the next financial year, analysts expect that the company will report earnings of $1.98 per share, with EPS estimates ranging from $1.94 to $2.02. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Ollie’s Bargain Outlet.

Ollie’s Bargain Outlet (NASDAQ:OLLI) last issued its quarterly earnings data on Wednesday, April 4th. The company reported $0.51 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.02. Ollie’s Bargain Outlet had a net margin of 11.85% and a return on equity of 11.23%. The firm had revenue of $356.70 million during the quarter, compared to analysts’ expectations of $349.93 million. During the same period last year, the company earned $0.39 earnings per share. The business’s revenue was up 25.9% on a year-over-year basis.

Several research firms have recently issued reports on OLLI. KeyCorp boosted their price target on shares of Ollie’s Bargain Outlet from $65.00 to $68.00 and gave the company an “overweight” rating in a research report on Wednesday. Credit Suisse Group began coverage on shares of Ollie’s Bargain Outlet in a research report on Wednesday, April 18th. They issued an “outperform” rating and a $68.00 price target on the stock. JPMorgan Chase boosted their price target on shares of Ollie’s Bargain Outlet from $63.00 to $68.00 and gave the company an “overweight” rating in a research report on Tuesday, April 10th. MKM Partners set a $59.00 price target on shares of Ollie’s Bargain Outlet and gave the company a “hold” rating in a research report on Thursday, April 5th. Finally, Royal Bank of Canada boosted their price target on shares of Ollie’s Bargain Outlet to $63.00 and gave the company an “outperform” rating in a research report on Thursday, April 5th. One analyst has rated the stock with a sell rating, six have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. Ollie’s Bargain Outlet currently has a consensus rating of “Buy” and a consensus price target of $57.50.

OLLI traded up $1.30 during midday trading on Thursday, reaching $62.20. The company had a trading volume of 484,641 shares, compared to its average volume of 649,680. Ollie’s Bargain Outlet has a 12-month low of $37.55 and a 12-month high of $64.45. The company has a quick ratio of 0.35, a current ratio of 2.22 and a debt-to-equity ratio of 0.05. The stock has a market cap of $3,841.06, a price-to-earnings ratio of 49.76, a PEG ratio of 1.71 and a beta of 0.14.

In related news, VP Howard Freedman sold 8,300 shares of the company’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $59.08, for a total transaction of $490,364.00. Following the sale, the vice president now owns 34,670 shares of the company’s stock, valued at approximately $2,048,303.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Kenneth Robert Bertram sold 4,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 20th. The stock was sold at an average price of $59.65, for a total transaction of $238,600.00. Following the sale, the vice president now directly owns 7,958 shares in the company, valued at approximately $474,694.70. The disclosure for this sale can be found here. Insiders have sold a total of 86,626 shares of company stock worth $5,059,409 in the last ninety days. 22.25% of the stock is currently owned by insiders.

A number of institutional investors have recently bought and sold shares of OLLI. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in Ollie’s Bargain Outlet by 50.1% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,972 shares of the company’s stock worth $158,000 after acquiring an additional 992 shares during the period. Navellier & Associates Inc bought a new position in shares of Ollie’s Bargain Outlet in the 4th quarter worth $201,000. Stone Ridge Asset Management LLC bought a new position in shares of Ollie’s Bargain Outlet in the 4th quarter worth $234,000. Raymond James Financial Services Advisors Inc. bought a new position in shares of Ollie’s Bargain Outlet in the 4th quarter worth $237,000. Finally, GSA Capital Partners LLP bought a new position in shares of Ollie’s Bargain Outlet in the 3rd quarter worth $243,000. 88.33% of the stock is currently owned by institutional investors and hedge funds.

About Ollie’s Bargain Outlet

Ollie's Bargain Outlet Holdings, Inc operates as a retailer of brand name merchandise. The company offers food products, housewares, books and stationery, bed and bath products, floor coverings, electronics, and toys; and other products, including hardware, personal health care, candy, clothing, sporting, pet and lawn, and garden products.

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Earnings History and Estimates for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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