Big Lots (BIG) Announces Quarterly Earnings, Beats Estimates By $0.06 EPS
Big Lots (NYSE:BIG) posted its quarterly earnings results on Friday. The company reported $0.50 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.44 by $0.06, Analyst Ratings Net reports. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.26 billion.
Big Lots (NYSE:BIG) opened at 37.51 on Friday. Big Lots has a 1-year low of $25.50 and a 1-year high of $40.24. The stock has a 50-day moving average of $38.77 and a 200-day moving average of $34.14. The company has a market cap of $2.181 billion and a price-to-earnings ratio of 17.16.
Several analysts have recently commented on the stock. Analysts at Deutsche Bank raised their price target on shares of Big Lots from $40.00 to $42.00 in a research note on Tuesday. They now have a “buy” rating on the stock. On the ratings front, analysts at JPMorgan Chase & Co. raised their price target on shares of Big Lots from $42.00 to $45.00 in a research note on Tuesday, May 6th. They now have an “overweight” rating on the stock. Finally, analysts at KeyCorp reiterated a “buy” rating on shares of Big Lots in a research note on Tuesday, April 29th. They now have a $47.00 price target on the stock. Four investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $41.42.
Big Lots, Inc, through its wholly owned subsidiaries, is a North America’s closeout retailer. At January 28, 2012, the Company operated a total of 1,533 stores in two countries: the United States and Canada.
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