Ollie’s Bargain Outlet (NASDAQ:OLLI) issued an update on its FY19 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of $1.74-1.77 for the period, compared to the Thomson Reuters consensus estimate of $1.77. The company issued revenue guidance of $1.226-1.231 billion, compared to the consensus revenue estimate of $1.23 billion.Ollie’s Bargain Outlet also updated its FY 2018 guidance to $1.74-1.77 EPS.
OLLI traded down $4.40 during trading on Tuesday, reaching $86.83. The company’s stock had a trading volume of 1,472,166 shares, compared to its average volume of 692,236. The company has a debt-to-equity ratio of 0.01, a current ratio of 2.51 and a quick ratio of 0.31. Ollie’s Bargain Outlet has a 1 year low of $47.76 and a 1 year high of $97.61. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 69.46, a price-to-earnings-growth ratio of 2.02 and a beta of 0.35.
Ollie’s Bargain Outlet (NASDAQ:OLLI) last announced its quarterly earnings results on Wednesday, September 5th. The company reported $0.40 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.04. Ollie’s Bargain Outlet had a net margin of 12.88% and a return on equity of 12.48%. The business had revenue of $288.10 million during the quarter, compared to the consensus estimate of $284.19 million. During the same quarter last year, the firm earned $0.27 EPS. The business’s revenue was up 13.1% compared to the same quarter last year. On average, equities analysts anticipate that Ollie’s Bargain Outlet will post 1.76 earnings per share for the current fiscal year.
In other Ollie’s Bargain Outlet news, CFO Jay Stasz sold 5,337 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Thursday, September 13th. The shares were sold at an average price of $91.16, for a total value of $486,520.92. Following the completion of the sale, the chief financial officer now directly owns 12,733 shares in the company, valued at $1,160,740.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Kevin Mclain sold 20,000 shares of Ollie’s Bargain Outlet stock in a transaction that occurred on Wednesday, September 5th. The shares were sold at an average price of $88.03, for a total transaction of $1,760,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 425,337 shares of company stock valued at $38,781,701. Corporate insiders own 20.27% of the company’s stock.
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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