BJ’s Wholesale Club (BJ) Set to Announce Earnings on Thursday

BJ’s Wholesale Club (NYSE:BJ) is set to post its quarterly earnings results before the market opens on Thursday, May 23rd. Analysts expect BJ’s Wholesale Club to post earnings of $0.84 per share for the quarter. BJ’s Wholesale Club has set its FY 2024 guidance at 3.750-4.000 EPS and its FY25 guidance at $3.75-4.00 EPS.Investors that are interested in registering for the company’s conference call can do so using this link.

BJ’s Wholesale Club (NYSE:BJ) last announced its quarterly earnings data on Thursday, March 7th. The company reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.06 by $0.05. BJ’s Wholesale Club had a return on equity of 40.84% and a net margin of 2.64%. The business had revenue of $5.36 billion during the quarter, compared to analyst estimates of $5.38 billion. During the same period last year, the company earned $1.00 earnings per share. BJ’s Wholesale Club’s quarterly revenue was up 8.7% compared to the same quarter last year. On average, analysts expect BJ’s Wholesale Club to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

BJ’s Wholesale Club Price Performance

Shares of NYSE:BJ opened at $80.70 on Tuesday. The company has a current ratio of 0.73, a quick ratio of 0.14 and a debt-to-equity ratio of 0.27. BJ’s Wholesale Club has a 1 year low of $60.33 and a 1 year high of $80.78. The business has a fifty day simple moving average of $76.21 and a 200 day simple moving average of $70.47. The firm has a market cap of $10.72 billion, a price-to-earnings ratio of 20.85, a P/E/G ratio of 3.45 and a beta of 0.27.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on BJ. Loop Capital restated a “hold” rating and set a $80.00 target price (down from $85.00) on shares of BJ’s Wholesale Club in a report on Thursday, April 18th. Gordon Haskett lowered BJ’s Wholesale Club from a “buy” rating to a “hold” rating and set a $70.00 target price on the stock. in a report on Wednesday, February 7th. The Goldman Sachs Group upgraded BJ’s Wholesale Club from a “neutral” rating to a “buy” rating and raised their target price for the company from $81.00 to $87.00 in a report on Monday, April 8th. JPMorgan Chase & Co. lifted their price objective on BJ’s Wholesale Club from $58.00 to $62.00 and gave the stock an “underweight” rating in a research note on Friday, March 1st. Finally, Evercore ISI lifted their price objective on BJ’s Wholesale Club from $76.00 to $78.00 and gave the stock an “in-line” rating in a research note on Tuesday, May 14th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $74.40.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, Director Christopher J. Baldwin sold 73,062 shares of the company’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the sale, the director now owns 173,294 shares in the company, valued at approximately $12,815,091.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $76.70, for a total value of $843,700.00. Following the completion of the transaction, the chief executive officer now owns 500,792 shares of the company’s stock, valued at approximately $38,410,746.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Christopher J. Baldwin sold 73,062 shares of the business’s stock in a transaction on Monday, March 11th. The shares were sold at an average price of $73.95, for a total transaction of $5,402,934.90. Following the completion of the transaction, the director now directly owns 173,294 shares of the company’s stock, valued at approximately $12,815,091.30. The disclosure for this sale can be found here. In the last 90 days, insiders sold 98,840 shares of company stock worth $7,408,605. Insiders own 2.00% of the company’s stock.

BJ’s Wholesale Club Company Profile

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