Big Lots, Inc. (BIG) Expected to Post Earnings of $2.39 Per Share
Wall Street brokerages expect that Big Lots, Inc. (NYSE:BIG) will announce earnings per share of $2.39 for the current quarter, Zacks reports. Seven analysts have issued estimates for Big Lots’ earnings, with the highest EPS estimate coming in at $2.43 and the lowest estimate coming in at $2.37. Big Lots posted earnings per share of $2.26 during the same quarter last year, which indicates a positive year-over-year growth rate of 5.8%. The company is expected to announce its next quarterly earnings report on Friday, March 2nd.
According to Zacks, analysts expect that Big Lots will report full-year earnings of $4.27 per share for the current year, with EPS estimates ranging from $4.24 to $4.36. For the next fiscal year, analysts anticipate that the company will post earnings of $4.56 per share, with EPS estimates ranging from $4.42 to $4.95. Zacks Investment Research’s EPS averages are a mean average based on a survey of analysts that that provide coverage for Big Lots.
Big Lots (NYSE:BIG) last announced its earnings results on Friday, December 1st. The company reported $0.06 earnings per share for the quarter, topping analysts’ consensus estimates of $0.04 by $0.02. Big Lots had a net margin of 3.36% and a return on equity of 30.17%. The business had revenue of $1.11 billion during the quarter, compared to the consensus estimate of $1.11 billion. During the same quarter last year, the firm earned $0.04 earnings per share. Big Lots’s quarterly revenue was up .5% on a year-over-year basis.
In other news, insider Timothy A. Johnson sold 20,000 shares of Big Lots stock in a transaction dated Thursday, January 4th. The shares were sold at an average price of $55.00, for a total transaction of $1,100,000.00. Following the completion of the transaction, the insider now directly owns 65,649 shares in the company, valued at $3,610,695. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Paul Berger sold 6,000 shares of Big Lots stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $58.00, for a total transaction of $348,000.00. Following the transaction, the director now owns 7,566 shares of the company’s stock, valued at $438,828. The disclosure for this sale can be found here. 1.70% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale grew its holdings in shares of Big Lots by 78.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock valued at $144,000 after buying an additional 1,255 shares during the last quarter. Whittier Trust Co. bought a new position in shares of Big Lots during the third quarter valued at about $178,000. First Quadrant L P CA bought a new position in shares of Big Lots during the third quarter valued at about $182,000. Oppenheimer & Co. Inc. bought a new position in shares of Big Lots during the third quarter valued at about $200,000. Finally, Creative Planning bought a new position in shares of Big Lots during the fourth quarter valued at about $222,000.
Shares of Big Lots (BIG) traded up $0.49 during midday trading on Wednesday, reaching $57.86. 1,140,200 shares of the company were exchanged, compared to its average volume of 1,159,020. Big Lots has a fifty-two week low of $45.10 and a fifty-two week high of $60.20. The company has a market capitalization of $2,480.00, a P/E ratio of 14.76, a PEG ratio of 1.00 and a beta of 0.99. The company has a debt-to-equity ratio of 0.66, a current ratio of 1.66 and a quick ratio of 0.24.
The business also recently declared a quarterly dividend, which was paid on Friday, December 29th. Shareholders of record on Friday, December 15th were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend was Thursday, December 14th. Big Lots’s payout ratio is 25.51%.
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.
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