$0.61 EPS Expected for Big Lots, Inc. (BIG) This Quarter

Wall Street analysts expect Big Lots, Inc. (NYSE:BIG) to announce earnings of $0.61 per share for the current fiscal quarter, according to Zacks. Seven analysts have provided estimates for Big Lots’ earnings. The lowest EPS estimate is $0.60 and the highest is $0.62. Big Lots reported earnings per share of $0.52 during the same quarter last year, which would suggest a positive year-over-year growth rate of 17.3%. The company is expected to issue its next earnings results on Friday, August 25th.

According to Zacks, analysts expect that Big Lots will report full-year earnings of $4.20 per share for the current financial year, with EPS estimates ranging from $4.14 to $4.29. For the next financial year, analysts expect that the company will post earnings of $4.39 per share, with EPS estimates ranging from $4.20 to $4.50. Zacks Investment Research’s EPS calculations are a mean average based on a survey of research firms that cover Big Lots.

Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, May 26th. The company reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.99 by $0.16. Big Lots had a net margin of 3.20% and a return on equity of 29.88%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.31 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The business’s revenue was down 1.2% compared to the same quarter last year.

A number of research firms have recently issued reports on BIG. Oppenheimer Holdings, Inc. set a $60.00 target price on shares of Big Lots and gave the stock a “buy” rating in a research note on Saturday, May 27th. ValuEngine cut shares of Big Lots from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Tuesday, May 23rd. Loop Capital restated a “buy” rating and set a $64.00 target price on shares of Big Lots in a research note on Tuesday, May 30th. Finally, BidaskClub cut shares of Big Lots from a “hold” rating to a “sell” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the stock. Big Lots has a consensus rating of “Buy” and a consensus price target of $57.09.

In related news, insider Michael Allen Schlonsky sold 15,000 shares of the firm’s stock in a transaction dated Monday, April 24th. The shares were sold at an average price of $49.98, for a total transaction of $749,700.00. Following the transaction, the insider now directly owns 52,104 shares of the company’s stock, valued at $2,604,157.92. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Lisa M. Bachmann sold 9,538 shares of the firm’s stock in a transaction dated Wednesday, April 26th. The stock was sold at an average price of $51.09, for a total transaction of $487,296.42. Following the transaction, the insider now directly owns 45,920 shares in the company, valued at $2,346,052.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 33,440 shares of company stock worth $1,670,524. 1.60% of the stock is owned by insiders.

Institutional investors have recently added to or reduced their stakes in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its position in Big Lots by 0.4% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,591 shares of the company’s stock worth $331,000 after buying an additional 27 shares in the last quarter. Quotient Investors LLC raised its position in Big Lots by 1.0% in the first quarter. Quotient Investors LLC now owns 10,100 shares of the company’s stock valued at $492,000 after buying an additional 100 shares in the last quarter. Putnam Investments LLC raised its position in Big Lots by 1.5% in the fourth quarter. Putnam Investments LLC now owns 10,157 shares of the company’s stock valued at $509,000 after buying an additional 154 shares in the last quarter. Advantus Capital Management Inc raised its position in Big Lots by 3.1% in the first quarter. Advantus Capital Management Inc now owns 5,705 shares of the company’s stock valued at $278,000 after buying an additional 173 shares in the last quarter. Finally, Oregon Public Employees Retirement Fund raised its position in Big Lots by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,531 shares of the company’s stock valued at $756,000 after buying an additional 200 shares in the last quarter.

Big Lots (BIG) traded down 0.04% on Tuesday, hitting $47.00. 822,124 shares of the stock traded hands. The firm’s 50 day moving average is $48.78 and its 200 day moving average is $50.21. The stock has a market cap of $2.08 billion, a price-to-earnings ratio of 12.76 and a beta of 0.90. Big Lots has a 52 week low of $42.40 and a 52 week high of $56.54.

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 23rd. Investors of record on Friday, June 9th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 2.13%. The ex-dividend date of this dividend is Wednesday, June 7th. Big Lots’s dividend payout ratio is 27.25%.

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Big Lots Company Profile

Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “BIG”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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