Wall Street analysts predict that Big Lots, Inc. (NYSE:BIG) will announce ($0.21) earnings per share for the current fiscal quarter, Zacks reports. Five analysts have provided estimates for Big Lots’ earnings. The highest EPS estimate is ($0.18) and the lowest is ($0.24). Big Lots posted earnings of ($0.16) per share during the same quarter last year, which suggests a negative year-over-year growth rate of 31.3%. The firm is scheduled to issue its next earnings report on Friday, December 6th.
According to Zacks, analysts expect that Big Lots will report full year earnings of $3.81 per share for the current year, with EPS estimates ranging from $3.72 to $3.86. For the next financial year, analysts forecast that the company will post earnings of $3.90 per share, with EPS estimates ranging from $3.56 to $4.28. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Big Lots.
Big Lots (NYSE:BIG) last released its earnings results on Friday, August 30th. The company reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. Big Lots had a net margin of 2.33% and a return on equity of 24.68%. The company’s quarterly revenue was up 2.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.59 earnings per share.
A number of equities analysts recently weighed in on the stock. Bank of America set a $23.00 price target on shares of Big Lots and gave the stock a “sell” rating in a research report on Wednesday, June 26th. Loop Capital boosted their price target on shares of Big Lots to $25.00 and gave the stock a “hold” rating in a research report on Tuesday, September 3rd. Barclays lowered their price target on shares of Big Lots from $36.00 to $25.00 and set an “equal weight” rating on the stock in a research report on Tuesday, September 3rd. Piper Jaffray Companies lowered shares of Big Lots from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $44.00 to $31.00 in a research report on Friday, May 24th. Finally, Zacks Investment Research lowered shares of Big Lots from a “buy” rating to a “hold” rating and set a $28.00 price target on the stock. in a research report on Monday, July 22nd. Two research analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $31.83.
BIG traded down $0.31 on Friday, reaching $22.75. 1,118,071 shares of the company’s stock were exchanged, compared to its average volume of 1,416,779. The stock has a market cap of $895.67 million, a PE ratio of 5.63, a P/E/G ratio of 0.80 and a beta of 1.40. Big Lots has a twelve month low of $19.83 and a twelve month high of $45.13. The stock’s fifty day moving average price is $22.82 and its 200-day moving average price is $30.03. The company has a debt-to-equity ratio of 2.31, a current ratio of 1.09 and a quick ratio of 0.17.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, September 12th. This represents a $1.20 dividend on an annualized basis and a yield of 5.27%. Big Lots’s payout ratio is presently 29.70%.
In other Big Lots news, SVP Ronald A. Robins, Jr. sold 5,000 shares of the business’s stock in a transaction dated Friday, September 6th. The shares were sold at an average price of $23.42, for a total value of $117,100.00. Following the transaction, the senior vice president now directly owns 30,532 shares in the company, valued at approximately $715,059.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 1.10% of the company’s stock.
A number of large investors have recently bought and sold shares of the business. Texas Permanent School Fund boosted its holdings in Big Lots by 3.0% in the 1st quarter. Texas Permanent School Fund now owns 27,193 shares of the company’s stock valued at $1,034,000 after purchasing an additional 794 shares during the last quarter. Poehling Capital Management LLC raised its stake in shares of Big Lots by 2.7% in the 2nd quarter. Poehling Capital Management LLC now owns 31,925 shares of the company’s stock valued at $913,000 after acquiring an additional 845 shares during the period. First National Bank of Omaha raised its stake in shares of Big Lots by 2.5% in the 2nd quarter. First National Bank of Omaha now owns 35,851 shares of the company’s stock valued at $1,026,000 after acquiring an additional 870 shares during the period. Swiss National Bank raised its stake in shares of Big Lots by 1.4% in the 2nd quarter. Swiss National Bank now owns 74,506 shares of the company’s stock valued at $2,132,000 after acquiring an additional 1,000 shares during the period. Finally, Capital Investment Advisory Services LLC purchased a new stake in shares of Big Lots in the 2nd quarter valued at approximately $26,000. Institutional investors own 98.98% of the company’s stock.
About Big Lots
Big Lots, Inc, through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.
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