BJ’s Wholesale Club (BJ) to Release Quarterly Earnings on Thursday

BJ’s Wholesale Club (NYSE:BJ) is scheduled to be announcing its earnings results before the market opens on Thursday, November 21st. Analysts expect the company to announce earnings of $0.89 per share for the quarter. BJ’s Wholesale Club has set its FY25 guidance at $3.75-4.00 EPS and its FY 2024 guidance at 3.750-4.000 EPS.Parties interested in registering for the company’s conference call can do so using this link.

BJ’s Wholesale Club (NYSE:BJ) last posted its quarterly earnings results on Thursday, August 22nd. The company reported $1.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.00 by $0.09. The firm had revenue of $5.21 billion during the quarter, compared to the consensus estimate of $5.15 billion. BJ’s Wholesale Club had a return on equity of 36.12% and a net margin of 2.62%. The business’s revenue was up 4.9% compared to the same quarter last year. During the same period last year, the company earned $0.97 earnings per share. 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 Stock Down 0.7 %

BJ stock opened at $88.47 on Thursday. The company has a quick ratio of 0.15, a current ratio of 0.76 and a debt-to-equity ratio of 0.24. The business has a 50 day moving average price of $84.42 and a two-hundred day moving average price of $84.74. The company has a market cap of $11.73 billion, a price-to-earnings ratio of 22.34, a P/E/G ratio of 3.25 and a beta of 0.24. BJ’s Wholesale Club has a twelve month low of $63.08 and a twelve month high of $92.37.

Analyst Ratings Changes

Several research analysts have recently commented on BJ shares. Roth Mkm lifted their target price on BJ’s Wholesale Club from $68.00 to $75.00 and gave the stock a “neutral” rating in a research note on Friday, August 23rd. Bank of America dropped their price target on BJ’s Wholesale Club from $95.00 to $90.00 and set a “buy” rating for the company in a report on Friday, August 23rd. Wells Fargo & Company lifted their price target on BJ’s Wholesale Club from $92.00 to $100.00 and gave the stock an “overweight” rating in a report on Tuesday. JPMorgan Chase & Co. raised BJ’s Wholesale Club from an “underweight” rating to a “neutral” rating and lifted their price target for the stock from $76.00 to $78.00 in a report on Monday, August 26th. Finally, Melius Research assumed coverage on BJ’s Wholesale Club in a report on Monday, September 23rd. They set a “buy” rating and a $90.00 price target for the company. Six investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $87.87.

Insider Buying and Selling at BJ’s Wholesale Club

In other BJ’s Wholesale Club news, CEO Robert W. Eddy sold 11,000 shares of the company’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $79.40, for a total value of $873,400.00. Following the sale, the chief executive officer now owns 445,792 shares in the company, valued at approximately $35,395,884.80. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, SVP Joseph Mcgrail sold 1,000 shares of the business’s stock in a transaction dated Monday, August 26th. The stock was sold at an average price of $83.57, for a total value of $83,570.00. Following the transaction, the senior vice president now directly owns 13,566 shares of the company’s stock, valued at $1,133,710.62. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Robert W. Eddy sold 11,000 shares of the business’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $79.40, for a total value of $873,400.00. Following the completion of the transaction, the chief executive officer now directly owns 445,792 shares in the company, valued at $35,395,884.80. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 34,000 shares of company stock worth $2,818,390. Insiders own 2.00% of the company’s stock.

About BJ’s Wholesale Club

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.