Big Lots (NYSE:BIG) issued an update on its second quarter 2020
Pre-Market earnings guidance on Friday morning. The company provided earnings per share guidance of 2.50-2.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.79.
Several research firms have recently commented on BIG. JPMorgan Chase & Co. upgraded Big Lots from an underweight rating to a neutral rating in a report on Sunday, April 19th. Goldman Sachs Group began coverage on Big Lots in a report on Monday, May 18th. They set a neutral rating and a $25.00 price objective for the company. Piper Sandler boosted their price objective on Big Lots from $52.00 to $53.00 and gave the company an overweight rating in a report on Wednesday, June 17th. Cfra lifted their target price on Big Lots from $40.00 to $48.00 and gave the company a buy rating in a research report on Friday, May 29th. Finally, Deutsche Bank boosted their price objective on Big Lots from $31.00 to $37.00 and gave the stock a hold rating in a research report on Monday, June 1st. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company. The stock has an average rating of Hold and an average target price of $36.46.
Shares of BIG opened at $33.25 on Friday. The business’s fifty day simple moving average is $32.88 and its two-hundred day simple moving average is $25.40. The company has a current ratio of 1.48, a quick ratio of 0.48 and a debt-to-equity ratio of 1.68. Big Lots has a 12 month low of $10.13 and a 12 month high of $42.33. The company has a market cap of $1.30 billion, a price-to-earnings ratio of 8.31, a P/E/G ratio of 1.07 and a beta of 2.36.
Big Lots (NYSE:BIG) last issued its earnings results on Friday, May 29th. The company reported $1.26 EPS for the quarter, beating the consensus estimate of $0.40 by $0.86. Big Lots had a return on equity of 19.99% and a net margin of 5.05%. The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period last year, the business posted $0.92 EPS. The company’s revenue was up 11.1% compared to the same quarter last year. As a group, research analysts forecast that Big Lots will post 4.39 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, June 26th. Stockholders of record on Friday, June 12th will be paid a $0.30 dividend. The ex-dividend date is Thursday, June 11th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.61%. Big Lots’s dividend payout ratio (DPR) is currently 32.70%.
About Big Lots
Big Lots, Inc, through its subsidiaries, operates as a retailer in the United States. The company offers products under various merchandising categories, such as furniture category that includes upholstery, mattress, case goods, and ready-to-assemble departments; seasonal category, which comprises Christmas trim, lawn and garden, summer, and other holiday departments; soft home category that consists of fashion and utility bedding, bath, window, decorative textile, home organization, area rugs, home décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.
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