$0.99 EPS Expected for Big Lots, Inc. (BIG) This Quarter

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%.

WARNING: This news story was first posted by Community Financial News and is owned by of Community Financial News. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of US and international trademark & copyright legislation. The correct version of this news story can be accessed at https://www.com-unik.info/2017/05/16/0-99-eps-expected-for-big-lots-inc-big-this-quarter-updated-updated.html.

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

5 Day Chart for NYSE:BIG

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

What are top analysts saying about Big Lots Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Big Lots Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit