Big Lots, Inc. (NYSE:BIG) Expected to Post Earnings of $1.44 Per Share

Analysts forecast that Big Lots, Inc. (NYSE:BIG) will announce earnings per share (EPS) of $1.44 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for Big Lots’ earnings, with the highest EPS estimate coming in at $1.46 and the lowest estimate coming in at $1.41. Big Lots posted earnings of $1.26 per share in the same quarter last year, which would suggest a positive year-over-year growth rate of 14.3%. The business is expected to report its next quarterly earnings results on Friday, June 4th.

On average, analysts expect that Big Lots will report full-year earnings of $5.59 per share for the current year, with EPS estimates ranging from $4.66 to $6.11. For the next financial year, analysts expect that the business will report earnings of $6.43 per share, with EPS estimates ranging from $4.95 to $7.77. Zacks Investment Research’s EPS calculations are a mean average based on a survey of analysts that that provide coverage for Big Lots.

Big Lots (NYSE:BIG) last posted its earnings results on Thursday, March 4th. The company reported $2.59 EPS for the quarter, topping the Zacks’ consensus estimate of $2.50 by $0.09. Big Lots had a return on equity of 26.25% and a net margin of 10.30%. The business had revenue of $1.74 billion during the quarter, compared to analyst estimates of $1.74 billion. During the same quarter last year, the company earned $2.39 EPS. The company’s quarterly revenue was up 8.1% compared to the same quarter last year.

A number of brokerages recently weighed in on BIG. Barclays restated a “sell” rating on shares of Big Lots in a research report on Sunday, March 7th. Telsey Advisory Group cut their price objective on Big Lots from $73.00 to $60.00 and set an “outperform” rating for the company in a report on Thursday, January 14th. Zacks Investment Research raised Big Lots from a “sell” rating to a “hold” rating and set a $75.00 target price on the stock in a report on Tuesday, March 16th. JPMorgan Chase & Co. raised their target price on Big Lots from $53.00 to $67.00 and gave the stock a “neutral” rating in a research report on Tuesday, February 16th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on shares of Big Lots from $46.00 to $61.00 and gave the company a “hold” rating in a research report on Tuesday, March 9th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. Big Lots presently has an average rating of “Hold” and a consensus price target of $59.00.

BIG traded up $1.22 during midday trading on Thursday, hitting $66.99. 19,632 shares of the company traded hands, compared to its average volume of 1,258,060. The company’s 50-day moving average is $66.31 and its 200 day moving average is $53.87. The company has a quick ratio of 0.55, a current ratio of 1.49 and a debt-to-equity ratio of 0.03. The firm has a market capitalization of $2.35 billion, a PE ratio of 4.27, a price-to-earnings-growth ratio of 0.64 and a beta of 2.39. Big Lots has a 52 week low of $15.25 and a 52 week high of $72.27.

The company also recently declared a quarterly dividend, which was paid on Friday, April 2nd. Shareholders of record on Friday, March 19th were issued a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a yield of 1.79%. The ex-dividend date of this dividend was Thursday, March 18th. Big Lots’s dividend payout ratio is currently 32.70%.

In other Big Lots news, EVP Nicholas E. Padovano sold 5,820 shares of the firm’s stock in a transaction dated Wednesday, March 31st. The stock was sold at an average price of $67.15, for a total transaction of $390,813.00. 0.88% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Vantage Consulting Group Inc purchased a new stake in Big Lots in the 4th quarter worth $25,000. Veriti Management LLC bought a new position in Big Lots during the fourth quarter valued at approximately $60,000. Advisory Services Network LLC grew its holdings in Big Lots by 42.9% during the 4th quarter. Advisory Services Network LLC now owns 1,769 shares of the company’s stock valued at $76,000 after buying an additional 531 shares in the last quarter. Islay Capital Management LLC grew its holdings in Big Lots by 11.6% during the 4th quarter. Islay Capital Management LLC now owns 2,070 shares of the company’s stock valued at $89,000 after buying an additional 215 shares in the last quarter. Finally, Smith Asset Management Group LP bought a new stake in Big Lots in the 4th quarter worth approximately $111,000. 96.95% of the stock is 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.

Featured Article: Elliott Wave Theory

Get a free copy of the Zacks research report on Big Lots (BIG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Big Lots (NYSE:BIG)

Receive News & Ratings for Big Lots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots and related companies with MarketBeat.com's FREE daily email newsletter.