Equities research analysts predict that Big Lots, Inc. (NYSE:BIG) will post earnings of $2.53 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Big Lots’ earnings, with the lowest EPS estimate coming in at $2.48 and the highest estimate coming in at $2.56. Big Lots posted earnings per share of $2.68 in the same quarter last year, which would suggest a negative year over year growth rate of 5.6%. The company is scheduled to announce its next earnings results on Friday, March 13th.
On average, analysts expect that Big Lots will report full year earnings of $3.80 per share for the current financial year, with EPS estimates ranging from $3.76 to $3.82. For the next year, analysts expect that the company will post earnings of $4.06 per share, with EPS estimates ranging from $3.95 to $4.19. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research firms that cover Big Lots.
Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, December 6th. The company reported ($0.18) EPS for the quarter, topping the consensus estimate of ($0.20) by $0.02. The firm had revenue of $1.17 billion during the quarter, compared to analyst estimates of $1.16 billion. Big Lots had a net margin of 4.83% and a return on equity of 23.10%. Big Lots’s revenue was up 1.6% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.16) EPS.
BIG has been the subject of several recent analyst reports. Loop Capital boosted their price objective on shares of Big Lots to $25.00 and gave the stock a “hold” rating in a research note on Tuesday, September 3rd. Telsey Advisory Group reissued a “market perform” rating and set a $26.00 target price on shares of Big Lots in a research report on Friday, December 6th. Deutsche Bank boosted their target price on shares of Big Lots from $32.00 to $34.00 and gave the stock a “hold” rating in a research report on Monday, December 9th. Barclays dropped their target price 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. Finally, Citigroup dropped their target price on shares of Big Lots from $34.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. One analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $30.92.
Shares of NYSE BIG traded down $1.17 during trading hours on Friday, hitting $26.73. 2,330,031 shares of the stock were exchanged, compared to its average volume of 2,795,438. The company has a quick ratio of 0.17, a current ratio of 1.29 and a debt-to-equity ratio of 2.06. The company has a market cap of $1.06 billion, a PE ratio of 6.62, a PEG ratio of 0.99 and a beta of 1.32. The firm has a fifty day moving average price of $22.02 and a 200-day moving average price of $23.89. Big Lots has a 12 month low of $18.54 and a 12 month high of $39.53.
The business also recently announced a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be given a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 4.49%. The ex-dividend date is Friday, December 13th. Big Lots’s dividend payout ratio is presently 29.70%.
Large investors have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC purchased a new stake in Big Lots during the 2nd quarter worth approximately $26,000. NumerixS Investment Technologies Inc purchased a new stake in Big Lots during the 2nd quarter worth approximately $31,000. Tower Research Capital LLC TRC purchased a new stake in Big Lots during the 3rd quarter worth approximately $38,000. Price Wealth Management Inc. purchased a new stake in Big Lots during the 2nd quarter worth approximately $46,000. Finally, Cerebellum GP LLC purchased a new stake in shares of Big Lots in the 3rd quarter valued at $128,000. 96.03% of the stock is currently owned by institutional investors.
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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