Ollie's Bargain Outlet (OLLI) Releases Earnings Results, Beats Expectations By $0.01 EPS
Ollie's Bargain Outlet (NASDAQ:OLLI) issued its quarterly earnings data on Wednesday. The company reported $0.22 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.21 by $0.01, Bloomberg Earnings reports. Ollie's Bargain Outlet had a net margin of 7.74% and a return on equity of 11.52%. The business had revenue of $238.10 million during the quarter, compared to analysts’ expectations of $233.77 million. During the same period in the previous year, the company earned $0.17 earnings per share. Ollie's Bargain Outlet’s revenue for the quarter was up 17.9% on a year-over-year basis. Ollie's Bargain Outlet updated its FY18 guidance to $1.21-1.22 EPS.
Shares of Ollie's Bargain Outlet (NASDAQ OLLI) traded up $0.30 during trading on Wednesday, reaching $51.00. 959,243 shares of the company’s stock traded hands, compared to its average volume of 594,397. The company has a market cap of $3,046.05, a price-to-earnings ratio of 45.93, a PEG ratio of 2.14 and a beta of 0.18. The company has a debt-to-equity ratio of 0.17, a current ratio of 2.80 and a quick ratio of 0.29. Ollie's Bargain Outlet has a 12-month low of $27.75 and a 12-month high of $51.53.
In other Ollie's Bargain Outlet news, VP Howard Freedman sold 11,500 shares of the business’s stock in a transaction on Monday, December 4th. The shares were sold at an average price of $48.50, for a total value of $557,750.00. Following the sale, the vice president now owns 40,870 shares of the company’s stock, valued at approximately $1,982,195. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Mark L. Butler sold 110,059 shares of the business’s stock in a transaction on Monday, September 18th. The shares were sold at an average price of $46.02, for a total transaction of $5,064,915.18. Following the completion of the sale, the chief executive officer now directly owns 4,770,421 shares in the company, valued at approximately $219,534,774.42. The disclosure for this sale can be found here. Insiders sold a total of 1,610,463 shares of company stock worth $75,439,445 in the last three months. Insiders own 22.25% of the company’s stock.
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About Ollie's Bargain Outlet
Ollie’s Bargain Outlet Holdings, Inc is a retailer of brand name merchandise. The Company offers customers a selection of brand name products, including food, housewares, books and stationery, bed and bath, floor coverings, electronics and toys. Its warehouse format stores feature a range of products, including hardware, personal healthcare, candy, clothing, sporting goods, pet and lawn and garden products.
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