$0.04 EPS Expected for Big Lots, Inc. (BIG) This Quarter

Brokerages expect Big Lots, Inc. (NYSE:BIG) to post earnings per share of $0.04 for the current fiscal quarter, Zacks reports. Seven analysts have issued estimates for Big Lots’ earnings. The highest EPS estimate is $0.06 and the lowest is $0.02. Big Lots also posted earnings per share of $0.04 during the same quarter last year. The company is expected to announce its next earnings results on Friday, December 1st.

According to Zacks, analysts expect that Big Lots will report full-year earnings of $4.22 per share for the current fiscal year, with EPS estimates ranging from $4.17 to $4.25. For the next year, analysts anticipate that the firm will post earnings of $4.47 per share, with EPS estimates ranging from $4.31 to $4.58. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Big Lots.

Big Lots (NYSE:BIG) last posted its earnings results on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. Big Lots’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share.

Several equities analysts recently commented on BIG shares. BidaskClub downgraded shares of Big Lots from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Tuesday, July 11th. Deutsche Bank AG upgraded shares of Big Lots from a “hold” rating to a “buy” rating and upped their target price for the stock from $55.00 to $56.00 in a research note on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. set a $60.00 target price on shares of Big Lots and gave the stock a “buy” rating in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $57.83.

Big Lots (NYSE:BIG) traded up 0.60% during mid-day trading on Thursday, hitting $51.90. 174,976 shares of the stock were exchanged. Big Lots has a 52 week low of $42.40 and a 52 week high of $56.54. The company’s 50-day moving average price is $50.43 and its 200 day moving average price is $49.27. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 13.45 and a beta of 0.96.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a $0.25 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.94%. Big Lots’s payout ratio is presently 26.04%.

WARNING: This article was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://ledgergazette.com/2017/10/19/0-04-eps-expected-for-big-lots-inc-big-this-quarter.html.

In other news, CEO David J. Campisi sold 28,875 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total value of $1,444,905.00. Following the completion of the sale, the chief executive officer now owns 225,018 shares of the company’s stock, valued at approximately $11,259,900.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the sale, the insider now directly owns 7,925 shares of the company’s stock, valued at approximately $404,175. The disclosure for this sale can be found here. Insiders sold a total of 171,517 shares of company stock valued at $8,906,771 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. lifted its position in shares of Big Lots by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,834 shares of the company’s stock worth $475,000 after purchasing an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Big Lots by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,536 shares of the company’s stock worth $316,000 after purchasing an additional 27 shares during the period. Somerset Trust Co lifted its position in shares of Big Lots by 0.5% in the 2nd quarter. Somerset Trust Co now owns 11,008 shares of the company’s stock worth $531,000 after purchasing an additional 54 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Big Lots by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,945 shares of the company’s stock worth $191,000 after purchasing an additional 68 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Big Lots by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,722 shares of the company’s stock worth $1,339,000 after purchasing an additional 109 shares during the period.

About Big Lots

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.

Get a free copy of the Zacks research report on Big Lots (BIG)<

According to Zacks, analysts expect that Big Lots will report full-year earnings of $4.22 per share for the current fiscal year, with EPS estimates ranging from $4.17 to $4.25. For the next year, analysts anticipate that the firm will post earnings of $4.47 per share, with EPS estimates ranging from $4.31 to $4.58. Zacks’ EPS calculations are an average based on a survey of sell-side analysts that that provide coverage for Big Lots.

Big Lots (NYSE:BIG) last posted its earnings results on Friday, August 25th. The company reported $0.67 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.05. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. Big Lots’s revenue for the quarter was up 1.5% on a year-over-year basis. During the same period in the prior year, the business posted $0.52 earnings per share.

Several equities analysts recently commented on BIG shares. BidaskClub downgraded shares of Big Lots from a “hold” rating to a “sell” rating in a report on Thursday, June 22nd. Zacks Investment Research upgraded shares of Big Lots from a “hold” rating to a “buy” rating and set a $52.00 target price on the stock in a research note on Tuesday, July 11th. Deutsche Bank AG upgraded shares of Big Lots from a “hold” rating to a “buy” rating and upped their target price for the stock from $55.00 to $56.00 in a research note on Tuesday, July 25th. Finally, Oppenheimer Holdings, Inc. set a $60.00 target price on shares of Big Lots and gave the stock a “buy” rating in a research note on Friday, August 25th. Four equities research analysts have rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $57.83.

Big Lots (NYSE:BIG) traded up 0.60% during mid-day trading on Thursday, hitting $51.90. 174,976 shares of the stock were exchanged. Big Lots has a 52 week low of $42.40 and a 52 week high of $56.54. The company’s 50-day moving average price is $50.43 and its 200 day moving average price is $49.27. The firm has a market capitalization of $2.20 billion, a price-to-earnings ratio of 13.45 and a beta of 0.96.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 22nd. Stockholders of record on Friday, September 8th were given a $0.25 dividend. The ex-dividend date was Thursday, September 7th. This represents a $1.00 annualized dividend and a dividend yield of 1.94%. Big Lots’s payout ratio is presently 26.04%.

WARNING: This article was originally reported by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this article on another site, it was copied illegally and republished in violation of United States & international copyright and trademark laws. The legal version of this article can be read at https://ledgergazette.com/2017/10/19/0-04-eps-expected-for-big-lots-inc-big-this-quarter.html.

In other news, CEO David J. Campisi sold 28,875 shares of the company’s stock in a transaction that occurred on Tuesday, July 25th. The shares were sold at an average price of $50.04, for a total value of $1,444,905.00. Following the completion of the sale, the chief executive officer now owns 225,018 shares of the company’s stock, valued at approximately $11,259,900.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Ronald A. Robins, Jr. sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $51.00, for a total transaction of $51,000.00. Following the completion of the sale, the insider now directly owns 7,925 shares of the company’s stock, valued at approximately $404,175. The disclosure for this sale can be found here. Insiders sold a total of 171,517 shares of company stock valued at $8,906,771 in the last ninety days. Corporate insiders own 1.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Alps Advisors Inc. lifted its position in shares of Big Lots by 0.3% in the 2nd quarter. Alps Advisors Inc. now owns 9,834 shares of the company’s stock worth $475,000 after purchasing an additional 25 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its position in shares of Big Lots by 0.4% in the 2nd quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 6,536 shares of the company’s stock worth $316,000 after purchasing an additional 27 shares during the period. Somerset Trust Co lifted its position in shares of Big Lots by 0.5% in the 2nd quarter. Somerset Trust Co now owns 11,008 shares of the company’s stock worth $531,000 after purchasing an additional 54 shares during the period. Benjamin F. Edwards & Company Inc. lifted its position in shares of Big Lots by 1.8% in the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 3,945 shares of the company’s stock worth $191,000 after purchasing an additional 68 shares during the period. Finally, State Board of Administration of Florida Retirement System lifted its position in shares of Big Lots by 0.4% in the 2nd quarter. State Board of Administration of Florida Retirement System now owns 27,722 shares of the company’s stock worth $1,339,000 after purchasing an additional 109 shares during the period.

About Big Lots

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.

Get a free copy of the Zacks research report on Big Lots (BIG)

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

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