Zacks: Analysts Expect BJs Wholesale Club Holdings Inc (BJ) to Announce $0.34 EPS

Equities analysts predict that BJs Wholesale Club Holdings Inc (NYSE:BJ) will announce earnings per share (EPS) of $0.34 for the current fiscal quarter, Zacks Investment Research reports. Five analysts have provided estimates for BJs Wholesale Club’s earnings, with estimates ranging from $0.30 to $0.36. The firm is scheduled to issue its next quarterly earnings report on Tuesday, November 27th.

On average, analysts expect that BJs Wholesale Club will report full year earnings of $1.22 per share for the current financial year, with EPS estimates ranging from $1.20 to $1.23. For the next fiscal year, analysts anticipate that the firm will report earnings of $1.49 per share, with EPS estimates ranging from $1.38 to $1.61. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for BJs Wholesale Club.

BJs Wholesale Club (NYSE:BJ) last posted its earnings results on Tuesday, August 28th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.04. The business had revenue of $3.24 billion for the quarter, compared to analyst estimates of $3.28 billion. During the same period last year, the business earned $0.22 EPS. BJs Wholesale Club’s revenue was up 4.3% compared to the same quarter last year.

Several research firms have recently commented on BJ. Robert W. Baird began coverage on BJs Wholesale Club in a research report on Monday, July 23rd. They set an “outperform” rating and a $30.00 price target for the company. Goldman Sachs Group began coverage on BJs Wholesale Club in a research report on Monday, July 23rd. They set a “neutral” rating and a $24.00 price target for the company. Nomura began coverage on BJs Wholesale Club in a research report on Monday, July 23rd. They set a “buy” rating and a $29.00 price target for the company. Loop Capital began coverage on BJs Wholesale Club in a research report on Monday, July 9th. They set a “buy” rating and a $28.00 price target for the company. Finally, Morgan Stanley began coverage on BJs Wholesale Club in a research report on Monday, July 23rd. They set an “equal weight” rating and a $28.00 price target for the company. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $29.45.

Shares of BJ traded down $0.18 during midday trading on Wednesday, hitting $28.36. 13,321 shares of the stock were exchanged, compared to its average volume of 1,389,527. BJs Wholesale Club has a 52-week low of $20.56 and a 52-week high of $32.92.

In related news, EVP Robert W. Eddy bought 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, June 27th. The stock was purchased at an average cost of $17.00 per share, for a total transaction of $34,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Large investors have recently added to or reduced their stakes in the stock. FMR LLC purchased a new stake in BJs Wholesale Club during the 2nd quarter worth about $200,102,000. Citadel Advisors LLC purchased a new stake in BJs Wholesale Club during the 2nd quarter worth about $68,786,000. Putnam Investments LLC purchased a new stake in BJs Wholesale Club during the 2nd quarter worth about $53,841,000. Massachusetts Financial Services Co. MA purchased a new stake in BJs Wholesale Club during the 2nd quarter worth about $45,932,000. Finally, Millennium Management LLC purchased a new stake in BJs Wholesale Club during the 2nd quarter worth about $37,390,000. Hedge funds and other institutional investors own 65.73% of the company’s stock.

About BJs Wholesale Club

BJ's Wholesale Club Holdings, Inc operates as a warehouse club on the East Coast of the United States. It offers perishable, edible grocery, general merchandise, and non-edible grocery products. The company also sells electronics, computers, office supplies and equipment, home products, health and beauty aids, sporting goods, outdoor living, baby products, toys, and jewelry through Website.

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Earnings History and Estimates for BJs Wholesale Club (NYSE:BJ)

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