Ollie’s Bargain Outlet (OLLI) Releases FY19 Earnings Guidance

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.

Several equities research analysts have recently issued reports on OLLI shares. KeyCorp lifted their price objective on shares of Ollie’s Bargain Outlet from $100.00 to $108.00 and gave the stock a positive rating in a research report on Monday, October 1st. BidaskClub raised shares of Ollie’s Bargain Outlet from a buy rating to a strong-buy rating in a research report on Wednesday, October 3rd. Royal Bank of Canada lowered shares of Ollie’s Bargain Outlet from an outperform rating to a sector perform rating and set a $95.00 price objective on the stock. in a research note on Monday, November 5th. They noted that the move was a valuation call. ValuEngine upgraded shares of Ollie’s Bargain Outlet from a buy rating to a strong-buy rating in a research note on Friday, September 7th. Finally, Zacks Investment Research upgraded shares of Ollie’s Bargain Outlet from a hold rating to a buy rating and set a $99.00 price target on the stock in a research note on Monday, September 10th. Seven equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has an average rating of Buy and an average price target of $88.25.

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.

ILLEGAL ACTIVITY NOTICE: “Ollie’s Bargain Outlet (OLLI) Releases FY19 Earnings Guidance” was first published by Community Financial News and is owned by of Community Financial News. If you are reading this piece on another site, it was stolen and reposted in violation of international copyright legislation. The legal version of this piece can be viewed at https://www.com-unik.info/2018/12/04/ollies-bargain-outlet-olli-releases-fy19-earnings-guidance.html.

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.

Read More: How is inflation measured?

Earnings History and Estimates for Ollie`s Bargain Outlet (NASDAQ:OLLI)

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

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on reddit