Wall Street analysts expect Big Lots, Inc. (NYSE:BIG) to report $2.50 earnings per share (EPS) for the current quarter, Zacks reports. Five analysts have made estimates for Big Lots’ earnings, with estimates ranging from $2.48 to $2.52. Big Lots reported earnings of $2.39 per share in the same quarter last year, which would indicate a positive year-over-year growth rate of 4.6%. The firm is expected to issue its next earnings results on Thursday, February 25th.
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According to Zacks, analysts expect that Big Lots will report full year earnings of $7.27 per share for the current financial year, with EPS estimates ranging from $7.25 to $7.30. For the next year, analysts forecast that the business will post earnings of $5.39 per share, with EPS estimates ranging from $4.65 to $6.10. Zacks’ earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Big Lots.
Big Lots, 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. Big Lots (BIG - Free Report) came out with quarterly earnings of $0.76 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to loss of $0.18 per share a year ago. BIG appears to be worth retaining in your portfolio, given its impressive strategic initiatives, including the Operation North Star plan. L Brands LB, also a Zacks Rank #1 stock. Analysts expect that Big Lots, Inc. (NYSE:BIG) will post earnings of $3.02 per share for the current fiscal quarter, according to Zacks. Five analysts have provided estimates for Big Lots’ earnings, with the lowest EPS estimate coming in at $2.75 and the highest estimate coming in at $3.19.
Big Lots (NYSE:BIG) last posted its quarterly earnings data on Thursday, December 3rd. The company reported $0.76 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.66 by $0.10. The firm had revenue of $1.38 billion during the quarter, compared to analysts’ expectations of $1.35 billion. Big Lots had a net margin of 10.30% and a return on equity of 26.25%. The firm’s quarterly revenue was up 18.0% on a year-over-year basis. During the same quarter last year, the company posted ($0.18) EPS.
A number of equities analysts recently weighed in on the stock. Loop Capital lowered their price objective on shares of Big Lots from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Thursday, January 14th. Wolfe Research assumed coverage on shares of Big Lots in a research report on Friday, October 9th. They issued an “outperform” rating and a $61.00 price target for the company. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Big Lots from $53.00 to $46.00 and set a “hold” rating for the company in a research report on Thursday, January 14th. Zacks Investment Research cut shares of Big Lots from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a research report on Monday, November 2nd. Finally, Piper Sandler raised their price target on shares of Big Lots from $65.00 to $75.00 and gave the company an “overweight” rating in a research report on Tuesday, September 29th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. Big Lots currently has an average rating of “Hold” and a consensus target price of $53.25.
Institutional investors have recently added to or reduced their stakes in the company. Sei Investments Co. raised its stake in Big Lots by 94.9% during the 3rd quarter. Sei Investments Co. now owns 129,140 shares of the company’s stock worth $5,631,000 after acquiring an additional 62,869 shares in the last quarter. First Midwest Bank Trust Division acquired a new stake in Big Lots during the 3rd quarter worth $206,000. Raymond James & Associates raised its stake in Big Lots by 13.7% during the 3rd quarter. Raymond James & Associates now owns 46,357 shares of the company’s stock worth $2,068,000 after acquiring an additional 5,570 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Big Lots by 5.9% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 420,503 shares of the company’s stock worth $17,662,000 after acquiring an additional 23,409 shares in the last quarter. Finally, Guggenheim Capital LLC acquired a new stake in Big Lots during the 3rd quarter worth $382,000. 96.95% of the stock is owned by institutional investors and hedge funds.
NYSE:BIG opened at $51.23 on Friday. The company has a debt-to-equity ratio of 0.03, a quick ratio of 0.55 and a current ratio of 1.49. The stock has a market capitalization of $1.90 billion, a P/E ratio of 3.26, a PEG ratio of 0.64 and a beta of 2.39. The company has a 50 day moving average price of $46.29 and a 200 day moving average price of $47.04. Big Lots has a fifty-two week low of $10.13 and a fifty-two week high of $57.24.
Big Lots Stock News
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, December 30th. Stockholders of record on Wednesday, December 16th were given a dividend of $0.30 per share. The ex-dividend date of this dividend was Tuesday, December 15th. This represents a $1.20 annualized dividend and a dividend yield of 2.34%. Big Lots’s dividend payout ratio (DPR) is currently 32.70%.
Big Lots Company Profile
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 dÃ©cor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.
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