Big Lots, Inc. (BIG) Releases FY15 Earnings Guidance
Big Lots, Inc. (NYSE:BIG) issued an update on its FY15 earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of $2.40-2.50 for the period, compared to the Thomson Reuters consensus estimate of $2.49, American Banking & Market News reports.
A number of research firms have recently commented on BIG. Analysts at KeyCorp reiterated a buy rating on shares of Big Lots in a research note on Thursday. They now have a $55.00 price target on the stock, up previously from $53.00. On a related note, analysts at Benchmark Co. raised their price target on shares of Big Lots from $49.00 to $53.00 in a research note on Tuesday. They now have a buy rating on the stock. Finally, analysts at JPMorgan Chase & Co. raised their price target on shares of Big Lots from $46.00 to $53.00 in a research note on Friday, August 8th. Four equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The company has an average rating of Buy and a consensus target price of $48.08.
Shares of Big Lots, Inc. (NYSE:BIG) opened at 47.20 on Friday. Big Lots, Inc. has a 1-year low of $25.50 and a 1-year high of $48.52. The stock has a 50-day moving average of $45.26 and a 200-day moving average of $39.97. The company has a market cap of $2.618 billion and a P/E ratio of 28.80.
Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, August 29th. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.30 by $0.06. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter in the prior year, the company posted $0.31 earnings per share. The company’s quarterly revenue was up 1.2% on a year-over-year basis. On average, analysts predict that Big Lots, Inc. will post $2.48 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, September 26th. Investors of record on Friday, September 12th will be given a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a yield of 1.44%.
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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