Equities research analysts expect Big Lots, Inc. (NYSE:BIG) to post sales of $1.65 billion for the current fiscal quarter, Zacks reports. Seven analysts have provided estimates for Big Lots’ earnings. The lowest sales estimate is $1.60 billion and the highest is $1.68 billion. Big Lots reported sales of $1.58 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 4.4%. The business is scheduled to report its next earnings report on Friday, March 2nd.

On average, analysts expect that Big Lots will report full-year sales of $1.65 billion for the current year, with estimates ranging from $5.23 billion to $5.30 billion. For the next financial year, analysts forecast that the company will post sales of $5.24 billion per share, with estimates ranging from $5.09 billion to $5.31 billion. Zacks’ sales averages are a mean average based on a survey of sell-side analysts that cover Big Lots.

Big Lots (NYSE:BIG) last released its quarterly earnings results on Friday, December 1st. The company reported $0.06 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same period last year, the firm posted $0.04 EPS. The business’s revenue was up .5% on a year-over-year basis.

A number of equities research analysts recently weighed in on the company. Oppenheimer reaffirmed a “market perform” rating on shares of Big Lots in a report on Wednesday, January 10th. Citigroup cut Big Lots from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. They noted that the move was a valuation call. UBS Group cut Big Lots from an “outperform” rating to a “market perform” rating in a report on Wednesday, January 10th. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating in a report on Tuesday, December 5th. Finally, Telsey Advisory Group raised their price target on Big Lots from $56.00 to $59.00 and gave the company a “market perform” rating in a report on Monday, December 4th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $60.64.

Shares of Big Lots (BIG) opened at $59.16 on Friday. Big Lots has a twelve month low of $45.10 and a twelve month high of $60.20. The firm has a market capitalization of $2,490.00, a price-to-earnings ratio of 15.09, a P/E/G ratio of 1.00 and a beta of 0.99. The company has a current ratio of 1.66, a quick ratio of 0.24 and a debt-to-equity ratio of 0.66.

The company also recently announced a quarterly dividend, which was paid on Friday, December 29th. Stockholders of record on Friday, December 15th were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.00 annualized dividend and a dividend yield of 1.69%. Big Lots’s dividend payout ratio (DPR) is currently 25.51%.

In other news, Director Jeffrey Paul Berger sold 6,000 shares of Big Lots stock in a transaction on Friday, January 5th. The stock was sold at an average price of $58.00, for a total value of $348,000.00. Following the completion of the sale, the director now directly owns 7,566 shares of the company’s stock, valued at approximately $438,828. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Timothy A. Johnson sold 20,000 shares of Big Lots stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $55.00, for a total value of $1,100,000.00. Following the completion of the sale, the insider now directly owns 65,649 shares of the company’s stock, valued at $3,610,695. The disclosure for this sale can be found here. 1.70% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the company. DekaBank Deutsche Girozentrale boosted its position in shares of Big Lots by 78.3% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 2,858 shares of the company’s stock worth $144,000 after purchasing an additional 1,255 shares during the last quarter. Whittier Trust Co. bought a new position in Big Lots during the third quarter worth about $178,000. First Quadrant L P CA bought a new position in Big Lots during the third quarter worth about $182,000. Oppenheimer & Co. Inc. bought a new position in Big Lots during the third quarter worth about $200,000. Finally, Creative Planning bought a new position in Big Lots during the fourth quarter worth about $222,000.

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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.

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Earnings History and Estimates for Big Lots (NYSE:BIG)

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