BJs Wholesale Club (BJ) Updates FY20 Earnings Guidance

Share on StockTwits

BJs Wholesale Club (NYSE:BJ) issued an update on its FY20 earnings guidance on Wednesday morning. The company provided earnings per share guidance of $1.42-1.47 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.47. The company issued revenue guidance of $12.9-13.2 billion, compared to the consensus revenue estimate of $13.37 billion.BJs Wholesale Club also updated its FY 2020 guidance to $1.42-1.50 EPS.

BJs Wholesale Club stock opened at $25.08 on Friday. BJs Wholesale Club has a 52-week low of $19.31 and a 52-week high of $32.92.

BJs Wholesale Club (NYSE:BJ) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.36 by $0.08. The business had revenue of $3.34 billion during the quarter, compared to analyst estimates of $3.36 billion. BJs Wholesale Club’s quarterly revenue was down 4.2% compared to the same quarter last year. Analysts forecast that BJs Wholesale Club will post 1.46 EPS for the current fiscal year.

Several equities research analysts have recently issued reports on BJ shares. Wells Fargo & Co reissued a hold rating on shares of BJs Wholesale Club in a research report on Wednesday, November 21st. Morgan Stanley lowered their price target on shares of BJs Wholesale Club from $30.00 to $28.00 and set an equal weight rating for the company in a report on Friday, November 23rd. Zacks Investment Research raised shares of BJs Wholesale Club from a hold rating to a strong-buy rating and set a $26.00 price target for the company in a report on Wednesday, November 28th. William Blair reaffirmed an outperform rating on shares of BJs Wholesale Club in a report on Monday, November 26th. Finally, Barclays initiated coverage on shares of BJs Wholesale Club in a report on Friday, February 1st. They set an equal weight rating for the company. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $29.92.

In other BJs Wholesale Club news, SVP William C. Werner sold 40,000 shares of the stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $24.96, for a total transaction of $998,400.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Graham Luce sold 23,239 shares of the stock in a transaction on Thursday, January 10th. The shares were sold at an average price of $24.00, for a total transaction of $557,736.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 524,319 shares of company stock valued at $13,338,091.

TRADEMARK VIOLATION WARNING: This piece was published by Ticker Report and is the property of of Ticker Report. If you are reading this piece on another website, it was stolen and reposted in violation of U.S. & international copyright & trademark legislation. The legal version of this piece can be viewed at https://www.tickerreport.com/banking-finance/4206566/bjs-wholesale-club-bj-updates-fy20-earnings-guidance.html.

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.

See Also: How to Invest in the Dividend Aristocrat Index

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

Receive News & Ratings for BJs Wholesale Club Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for BJs Wholesale Club and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

Zacks: Vector Group Ltd  Receives Consensus Recommendation of “Hold” from Brokerages
Zacks: Vector Group Ltd Receives Consensus Recommendation of “Hold” from Brokerages
Zacks: Analysts Anticipate Masimo Co.  Will Announce Earnings of $0.75 Per Share
Zacks: Analysts Anticipate Masimo Co. Will Announce Earnings of $0.75 Per Share
EtherSportz Hits Market Capitalization of $162,386.00
EtherSportz Hits Market Capitalization of $162,386.00
Cybereits Price Reaches $0.0014 on Exchanges
Cybereits Price Reaches $0.0014 on Exchanges
Zacks: Analysts Anticipate First Community Co.  Will Announce Quarterly Sales of $11.76 Million
Zacks: Analysts Anticipate First Community Co. Will Announce Quarterly Sales of $11.76 Million
VICI Properties Inc  Expected to Announce Quarterly Sales of $219.49 Million
VICI Properties Inc Expected to Announce Quarterly Sales of $219.49 Million


© 2006-2019 Ticker Report