Brokerages expect that Big Lots, Inc. (NYSE:BIG) will report $2.38 earnings per share for the current quarter, Zacks reports. Seven analysts have provided estimates for Big Lots’ earnings, with the lowest EPS estimate coming in at $2.33 and the highest estimate coming in at $2.43. Big Lots reported earnings per share of $2.26 during the same quarter last year, which would indicate a positive year-over-year growth rate of 5.3%. The firm is expected to issue its next quarterly earnings results on Friday, March 2nd.
On average, analysts expect that Big Lots will report full-year earnings of $4.25 per share for the current year, with EPS estimates ranging from $4.17 to $4.31. For the next fiscal year, analysts forecast that the company will report earnings of $4.49 per share, with EPS estimates ranging from $4.31 to $4.59. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side research firms that follow Big Lots.
Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, December 1st. The company reported $0.06 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.04 by $0.02. The firm had revenue of $1.11 billion for the quarter, compared to the consensus estimate of $1.11 billion. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The business’s revenue for the quarter was up .5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.04 EPS.
A number of brokerages have recently weighed in on BIG. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $57.00 target price on the stock in a report on Thursday, August 17th. Oppenheimer set a $60.00 target price on Big Lots and gave the company a “buy” rating in a report on Friday, August 25th. Deutsche Bank reiterated a “buy” rating and issued a $57.00 target price (up previously from $56.00) on shares of Big Lots in a report on Saturday, August 26th. Loop Capital set a $64.00 target price on Big Lots and gave the company a “buy” rating in a report on Wednesday, August 30th. Finally, Piper Jaffray Companies reiterated a “hold” rating and issued a $52.00 target price on shares of Big Lots in a report on Friday, September 1st. Four investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. Big Lots has a consensus rating of “Buy” and an average target price of $60.64.
Shares of Big Lots (NYSE BIG) opened at $53.45 on Friday. The company has a debt-to-equity ratio of 0.66, a quick ratio of 0.24 and a current ratio of 1.66. The stock has a market capitalization of $2,347.11, a PE ratio of 13.49, a price-to-earnings-growth ratio of 0.97 and a beta of 0.99. Big Lots has a twelve month low of $45.10 and a twelve month high of $60.20.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 29th. Investors of record on Friday, December 15th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.87%. Big Lots’s dividend payout ratio is currently 25.58%.
In other Big Lots news, CEO David J. Campisi sold 96,940 shares of the company’s stock in a transaction that occurred on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total transaction of $5,137,820.00. Following the completion of the sale, the chief executive officer now owns 99,203 shares of the company’s stock, valued at $5,257,759. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $51.00, for a total value of $51,000.00. Following the sale, the insider now directly owns 7,925 shares of the company’s stock, valued at approximately $404,175. The disclosure for this sale can be found here. Corporate insiders own 1.70% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Csenge Advisory Group bought a new stake in Big Lots during the third quarter worth approximately $218,000. Canada Pension Plan Investment Board boosted its position in Big Lots by 20.2% during the third quarter. Canada Pension Plan Investment Board now owns 90,299 shares of the company’s stock worth $4,837,000 after purchasing an additional 15,200 shares during the period. Wells Fargo & Company MN boosted its position in Big Lots by 8.0% during the second quarter. Wells Fargo & Company MN now owns 2,363,889 shares of the company’s stock worth $114,175,000 after purchasing an additional 175,972 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in Big Lots during the third quarter worth approximately $615,000. Finally, State Street Corp boosted its position in Big Lots by 1.8% during the second quarter. State Street Corp now owns 1,640,504 shares of the company’s stock worth $79,233,000 after purchasing an additional 28,509 shares during the period.
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Big Lots Company Profile
Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.
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