Big Lots, Inc. (BIG) Issues Q2 Earnings Guidance
Big Lots, Inc. (NYSE:BIG) updated its second quarter earnings guidance on Wednesday. The company provided EPS guidance of $0.24-0.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.29, American Banking News.com reports. Big Lots also updated its FY15 guidance to $2.35-2.50 EPS.
A number of analysts have recently weighed in on BIG shares. Analysts at Deutsche Bank reiterated a buy rating on shares of Big Lots in a research note on Monday. They now have a $49.00 price target on the stock, up previously from $43.00. On a related note, analysts at KeyCorp reiterated a buy rating on shares of Big Lots in a research note on Tuesday, June 17th. They now have a $53.00 price target on the stock, up previously from $50.00. Finally, analysts at Zacks reiterated a neutral rating on shares of Big Lots in a research note on Friday, June 13th. They now have a $47.00 price target on the stock. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock has a consensus rating of Buy and a consensus price target of $47.00.
Big Lots, Inc. (NYSE:BIG) traded up 0.56% during mid-day trading on Wednesday, hitting $44.85. 810,625 shares of the company’s stock traded hands. Big Lots, Inc. has a 1-year low of $25.50 and a 1-year high of $46.06. The stock has a 50-day moving average of $41.40 and a 200-day moving average of $35.00. The company has a market cap of $2.488 billion and a price-to-earnings ratio of 26.79.
Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, May 30th. The company reported $0.50 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.44 by $0.06. The company had revenue of $1.28 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter last year, the company posted $0.61 earnings per share. Big Lots’s revenue was down 2.3% compared to the same quarter last year. Analysts expect that Big Lots, Inc. will post $2.49 EPS for the current fiscal year.
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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