Analysts Expect Big Lots, Inc. (NYSE:BIG) Will Announce Earnings of $2.53 Per Share

Posted by Samantha Guadardo on Jan 5th, 2020

Brokerages forecast that Big Lots, Inc. (NYSE:BIG) will announce $2.53 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have issued estimates for Big Lots’ earnings, with estimates ranging from $2.48 to $2.56. Big Lots reported earnings of $2.68 per share in the same quarter last year, which suggests a negative year over year growth rate of 5.6%. The firm is scheduled to announce its next earnings report 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 business will report earnings of $4.06 per share, with EPS estimates ranging from $3.95 to $4.19. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that that provide coverage for Big Lots.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, December 6th. The company reported ($0.18) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.20) by $0.02. The firm had revenue of $1.17 billion during the quarter, compared to the consensus estimate of $1.16 billion. Big Lots had a return on equity of 23.10% and a net margin of 4.83%. The business’s revenue for the quarter was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted ($0.16) EPS.

Several brokerages recently commented on BIG. ValuEngine raised Big Lots from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Citigroup reduced their price target on Big Lots from $34.00 to $29.00 and set a “buy” rating on the stock in a research report on Tuesday, September 24th. Deutsche Bank raised their target price on Big Lots from $32.00 to $34.00 and gave the company a “hold” rating in a report on Monday, December 9th. Finally, Telsey Advisory Group reissued a “market perform” rating and set a $26.00 price objective on shares of Big Lots in a report on Friday, December 6th. One research 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’s stock. The stock presently has an average rating of “Hold” and a consensus target price of $30.92.

In other news, Director Marla C. Gottschalk purchased 1,850 shares of the business’s stock in a transaction dated Friday, December 13th. The shares were purchased at an average price of $27.06 per share, for a total transaction of $50,061.00. Following the completion of the acquisition, the director now directly owns 17,704 shares in the company, valued at approximately $479,070.24. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 1.10% of the company’s stock.

Institutional investors have recently modified their holdings of the company. Millennium Management LLC increased its holdings in shares of Big Lots by 2,236.0% in the 3rd quarter. Millennium Management LLC now owns 415,995 shares of the company’s stock worth $10,191,000 after buying an additional 398,187 shares during the last quarter. Man Group plc boosted its position in Big Lots by 59.8% in the 3rd quarter. Man Group plc now owns 205,720 shares of the company’s stock valued at $5,040,000 after buying an additional 77,023 shares during the period. State Street Corp raised its holdings in shares of Big Lots by 2.0% in the 3rd quarter. State Street Corp now owns 1,423,881 shares of the company’s stock valued at $34,885,000 after purchasing an additional 28,413 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in shares of Big Lots in the 3rd quarter valued at about $38,000. Finally, First Trust Advisors LP raised its stake in shares of Big Lots by 35.3% during the 3rd quarter. First Trust Advisors LP now owns 82,941 shares of the company’s stock worth $2,032,000 after acquiring an additional 21,655 shares in the last quarter. Institutional investors and hedge funds own 95.95% of the company’s stock.

NYSE BIG traded down $0.38 on Friday, reaching $27.30. The company had a trading volume of 1,028,159 shares, compared to its average volume of 2,586,461. Big Lots has a 52 week low of $18.54 and a 52 week high of $39.53. The company has a quick ratio of 0.15, a current ratio of 1.29 and a debt-to-equity ratio of 2.06. The stock has a market cap of $1.08 billion, a price-to-earnings ratio of 7.01, a PEG ratio of 1.01 and a beta of 1.39. The stock’s 50 day moving average is $24.66 and its 200-day moving average is $23.95.

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Shareholders of record on Monday, December 16th were paid a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 4.40%. The ex-dividend date was Friday, December 13th. Big Lots’s dividend payout ratio is 29.70%.

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.

Analysts Expect Big Lots, Inc. (NYSE:BIG) Will Announce Earnings of $2.53 Per Share

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