Equities analysts expect that Big Lots, Inc. (NYSE:BIG) will post earnings of $0.99 per share for the current quarter, according to Zacks Investment Research. Six analysts have made estimates for Big Lots’ earnings, with estimates ranging from $0.93 to $1.06. Big Lots reported earnings of $0.82 per share in the same quarter last year, which would suggest a positive year over year growth rate of 20.7%. The business is scheduled to issue its next quarterly earnings report on Friday, May 26th.
On average, analysts expect that Big Lots will report full year earnings of $4.05 per share for the current year, with EPS estimates ranging from $3.95 to $4.15. For the next fiscal year, analysts forecast that the company will report earnings of $4.36 per share, with EPS estimates ranging from $4.24 to $4.45. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side analysts that follow Big Lots.
Big Lots (NYSE:BIG) last announced its quarterly earnings results on Friday, March 3rd. The company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. The business had revenue of $1.58 billion for the quarter, compared to analysts’ expectations of $1.59 billion. Big Lots had a return on equity of 27.08% and a net margin of 3.02%. The business’s quarterly revenue was down .3% on a year-over-year basis. During the same period in the prior year, the firm earned $2.00 EPS.
Several research firms have weighed in on BIG. Zacks Investment Research lowered Big Lots from a “buy” rating to a “hold” rating in a report on Wednesday, January 11th. Griffin Securities reiterated a “buy” rating on shares of Big Lots in a research note on Friday, March 3rd. Loop Capital reiterated a “buy” rating and issued a $64.00 price objective on shares of Big Lots in a research note on Monday, March 6th. Finally, Susquehanna Bancshares Inc started coverage on Big Lots in a research note on Friday, February 10th. They issued a “neutral” rating and a $55.00 price objective on the stock. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $55.82.
Shares of Big Lots (NYSE:BIG) traded down 1.61% during mid-day trading on Tuesday, hitting $47.19. The stock had a trading volume of 739,968 shares. The firm has a 50 day moving average of $49.73 and a 200 day moving average of $49.54. The stock has a market cap of $2.11 billion, a price-to-earnings ratio of 14.21 and a beta of 0.89. Big Lots has a one year low of $41.61 and a one year high of $56.54.
The company also recently announced a quarterly dividend, which was paid on Friday, March 31st. Investors of record on Friday, March 17th were given a dividend of $0.25 per share. The ex-dividend date was Wednesday, March 15th. This is an increase from Big Lots’s previous quarterly dividend of $0.21. This represents a $1.00 dividend on an annualized basis and a yield of 2.12%. Big Lots’s dividend payout ratio (DPR) is 26.01%.
In related news, insider Michael Allen Schlonsky sold 8,902 shares of Big Lots stock in a transaction dated Wednesday, March 29th. The stock was sold at an average price of $48.70, for a total transaction of $433,527.40. Following the sale, the insider now directly owns 54,207 shares of the company’s stock, valued at $2,639,880.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of Big Lots stock in a transaction dated Wednesday, March 8th. The stock was sold at an average price of $51.41, for a total value of $51,410.00. Following the sale, the insider now directly owns 4,471 shares in the company, valued at $229,854.11. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,308 shares of company stock worth $1,240,304. 1.60% of the stock is owned by company insiders.
A number of large investors have recently added to or reduced their stakes in the company. BRYN MAWR TRUST Co increased its stake in Big Lots by 3.3% in the third quarter. BRYN MAWR TRUST Co now owns 85,619 shares of the company’s stock worth $4,089,000 after buying an additional 2,749 shares during the period. James Investment Research Inc. increased its stake in Big Lots by 291.3% in the third quarter. James Investment Research Inc. now owns 531,515 shares of the company’s stock worth $25,380,000 after buying an additional 395,684 shares during the period. BlackRock Advisors LLC increased its stake in Big Lots by 37.0% in the third quarter. BlackRock Advisors LLC now owns 156,363 shares of the company’s stock worth $7,466,000 after buying an additional 42,253 shares during the period. JPMorgan Chase & Co. increased its stake in Big Lots by 31.6% in the third quarter. JPMorgan Chase & Co. now owns 263,397 shares of the company’s stock worth $12,577,000 after buying an additional 63,213 shares during the period. Finally, Polianta Ltd purchased a new stake in Big Lots during the fourth quarter worth $1,134,000.
About Big Lots
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