Analysts Expect Big Lots, Inc. (BIG) to Post $0.69 Earnings Per Share

Equities analysts forecast that Big Lots, Inc. (NYSE:BIG) will report earnings per share of $0.69 for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for Big Lots’ earnings. The highest EPS estimate is $0.74 and the lowest is $0.66. Big Lots reported earnings per share of $0.95 during the same quarter last year, which would suggest a negative year over year growth rate of 27.4%. The company is expected to issue its next quarterly earnings report on Friday, June 7th.

According to Zacks, analysts expect that Big Lots will report full year earnings of $3.67 per share for the current fiscal year, with EPS estimates ranging from $3.58 to $3.88. For the next year, analysts expect that the firm will report earnings of $3.84 per share, with EPS estimates ranging from $3.35 to $4.08. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Big Lots.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, March 8th. The company reported $2.68 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $2.30 by $0.38. The business had revenue of $1.60 billion during the quarter, compared to the consensus estimate of $1.60 billion. Big Lots had a return on equity of 25.67% and a net margin of 3.00%. The firm’s quarterly revenue was down 2.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.57 EPS.

A number of analysts have recently weighed in on the company. Morgan Stanley upped their target price on Big Lots from $33.00 to $36.00 and gave the company an “equal weight” rating in a research report on Monday. Raymond James upped their target price on Big Lots from $36.00 to $40.00 and gave the company an “outperform” rating in a research report on Monday. Citigroup cut their target price on Big Lots from $51.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, December 10th. Deutsche Bank set a $38.00 target price on Big Lots and gave the company a “buy” rating in a research report on Monday, December 10th. Finally, Telsey Advisory Group reiterated a “market perform” rating and set a $34.00 target price (down from $45.00) on shares of Big Lots in a research report on Monday, December 10th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $43.07.

In related news, insider Stephen M. Haffer sold 1,646 shares of the company’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.57, for a total transaction of $58,548.22. Following the completion of the sale, the insider now directly owns 7,432 shares in the company, valued at approximately $264,356.24. The sale was disclosed in a filing with the SEC, which is available through this link. 1.30% of the stock is owned by corporate insiders.

Several hedge funds have recently made changes to their positions in the stock. BlackRock Inc. lifted its position in shares of Big Lots by 1.3% during the 4th quarter. BlackRock Inc. now owns 4,846,259 shares of the company’s stock worth $140,155,000 after buying an additional 62,427 shares during the last quarter. AQR Capital Management LLC increased its holdings in Big Lots by 9.6% in the 3rd quarter. AQR Capital Management LLC now owns 2,127,047 shares of the company’s stock worth $88,890,000 after purchasing an additional 186,036 shares in the last quarter. FMR LLC increased its holdings in Big Lots by 178.5% in the 4th quarter. FMR LLC now owns 1,846,371 shares of the company’s stock worth $53,397,000 after purchasing an additional 1,183,400 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in Big Lots by 2.8% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,735,494 shares of the company’s stock worth $50,189,000 after purchasing an additional 46,712 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in Big Lots by 12.7% in the 4th quarter. Bank of New York Mellon Corp now owns 1,133,425 shares of the company’s stock worth $32,779,000 after purchasing an additional 127,667 shares in the last quarter.

BIG traded down $0.14 during trading on Friday, hitting $35.21. The stock had a trading volume of 9,289,587 shares, compared to its average volume of 1,607,764. The company has a market capitalization of $1.42 billion, a PE ratio of 8.72, a price-to-earnings-growth ratio of 1.29 and a beta of 1.27. Big Lots has a one year low of $26.21 and a one year high of $50.35. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.77 and a quick ratio of 0.27.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, April 5th. Investors of record on Friday, March 22nd will be given a dividend of $0.30 per share. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.20 annualized dividend and a dividend yield of 3.41%. Big Lots’s dividend payout ratio is currently 29.70%.

Big Lots Company Profile

Big Lots, Inc, through its subsidiaries, operates as a community 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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