Wall Street brokerages expect Big Lots, Inc. (NYSE:BIG) to report earnings per share (EPS) of $2.30 for the current quarter, according to Zacks. Five analysts have issued estimates for Big Lots’ earnings, with estimates ranging from $2.24 to $2.34. Big Lots reported earnings per share of $2.57 during the same quarter last year, which suggests a negative year-over-year growth rate of 10.5%. The company is expected to announce its next earnings report on Friday, March 8th.
On average, analysts expect that Big Lots will report full year earnings of $3.66 per share for the current fiscal year, with EPS estimates ranging from $3.59 to $3.70. For the next financial year, analysts expect that the company will post earnings of $3.67 per share, with EPS estimates ranging from $3.41 to $3.88. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Big Lots.
Get Big Lots alerts:
Big Lots (NYSE:BIG) last issued its quarterly earnings results on Friday, December 7th. The company reported ($0.16) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.01) by ($0.15). The company had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.14 billion. Big Lots had a return on equity of 26.11% and a net margin of 2.91%. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $0.06 EPS.
A number of equities analysts recently weighed in on BIG shares. Piper Jaffray Companies raised Big Lots from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $43.00 to $53.00 in a research note on Monday, November 19th. Morgan Stanley cut Big Lots from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $43.00 to $33.00 in a research note on Monday, January 7th. Zacks Investment Research raised Big Lots from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Goldman Sachs Group cut Big Lots from a “buy” rating to a “neutral” rating and set a $34.00 price target on the stock. in a research note on Thursday, January 10th. Finally, Telsey Advisory Group reissued a “market perform” rating and issued a $34.00 price target (down previously from $45.00) on shares of Big Lots in a research note on Monday, December 10th. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating and nine have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $44.25.
In other Big Lots news, CEO Bruce K. Thorn bought 8,500 shares of the stock in a transaction on Friday, December 14th. The shares were bought at an average price of $29.46 per share, with a total value of $250,410.00. Following the purchase, the chief executive officer now directly owns 8,500 shares in the company, valued at approximately $250,410. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 1.30% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Captrust Financial Advisors lifted its holdings in shares of Big Lots by 263.0% during the 4th quarter. Captrust Financial Advisors now owns 933 shares of the company’s stock valued at $27,000 after buying an additional 676 shares during the last quarter. NumerixS Investment Technologies Inc acquired a new stake in Big Lots in the 4th quarter worth approximately $31,000. We Are One Seven LLC acquired a new stake in Big Lots in the 4th quarter worth approximately $71,000. Tower Research Capital LLC TRC lifted its holdings in Big Lots by 753.1% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,438 shares of the company’s stock worth $144,000 after purchasing an additional 3,035 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its holdings in Big Lots by 37.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 3,990 shares of the company’s stock worth $115,000 after purchasing an additional 1,090 shares during the last quarter.
BIG traded up $0.11 during trading on Wednesday, reaching $32.27. The company had a trading volume of 774,605 shares, compared to its average volume of 1,032,519. The stock has a market capitalization of $1.29 billion, a P/E ratio of 7.25, a P/E/G ratio of 0.99 and a beta of 1.31. Big Lots has a 12-month low of $26.21 and a 12-month high of $59.11. The company has a current ratio of 1.71, a quick ratio of 0.27 and a debt-to-equity ratio of 1.05.
About Big Lots
Big Lots, Inc, through its subsidiaries, operates as a community 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.
Recommended Story: How to trade on quiet period expirations
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