Big Lots, Inc. (BIG) Expected to Announce Earnings of $0.04 Per Share

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

On average, analysts expect that Big Lots will report full-year earnings of $4.22 per share for the current year, with EPS estimates ranging from $4.17 to $4.25. For the next year, analysts forecast that the company will report earnings of $4.47 per share, with EPS estimates ranging from $4.31 to $4.58. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side analysts that follow Big Lots.

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

Several brokerages have weighed in on BIG. BidaskClub raised Big Lots from a “hold” rating to a “buy” rating in a report on Wednesday, August 9th. KeyCorp reiterated a “buy” rating and set a $58.00 price target on shares of Big Lots in a research report on Friday. Zacks Investment Research upgraded Big Lots from a “hold” rating to a “buy” rating and set a $56.00 price objective for the company in a research report on Friday, July 28th. Piper Jaffray Companies set a $52.00 price objective on Big Lots and gave the company a “hold” rating in a research report on Sunday, October 1st. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $57.00 price target (up from $56.00) on shares of Big Lots in a research report on Saturday, August 26th. Four equities research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $57.85.

In related news, CEO David J. Campisi sold 96,940 shares of Big Lots stock in a transaction on Wednesday, September 27th. The stock was sold at an average price of $53.00, for a total value of $5,137,820.00. Following the transaction, the chief executive officer now owns 99,203 shares in the company, valued at $5,257,759. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael Allen Schlonsky sold 2,602 shares of the business’s stock in a transaction dated Tuesday, August 29th. The stock was sold at an average price of $48.00, for a total value of $124,896.00. Following the transaction, the insider now owns 34,706 shares in the company, valued at approximately $1,665,888. The disclosure for this sale can be found here. Insiders have sold 100,542 shares of company stock worth $5,313,716 in the last 90 days. Insiders own 1.70% of the company’s stock.

A number of institutional investors have recently made changes to their positions in BIG. IFP Advisors Inc increased its holdings in Big Lots by 13.6% in the second quarter. IFP Advisors Inc now owns 2,334 shares of the company’s stock valued at $113,000 after buying an additional 280 shares during the last quarter. 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 purchasing an additional 1,255 shares during the last quarter. LS Investment Advisors LLC grew its holdings in shares of Big Lots by 19.4% during the second quarter. LS Investment Advisors LLC now owns 3,668 shares of the company’s stock valued at $177,000 after purchasing an additional 596 shares during the last quarter. Whittier Trust Co. acquired a new position in shares of Big Lots during the third quarter worth approximately $178,000. Finally, First Quadrant L P CA acquired a new position in shares of Big Lots during the third quarter worth approximately $182,000.

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Shares of Big Lots (NYSE:BIG) traded up $0.39 during mid-day trading on Wednesday, reaching $53.69. The company had a trading volume of 768,400 shares, compared to its average volume of 1,013,611. Big Lots has a 12 month low of $45.10 and a 12 month high of $56.54. The company has a market capitalization of $2,262.71, a P/E ratio of 12.94, a P/E/G ratio of 0.93 and a beta of 0.95. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.27 and a current ratio of 1.62.

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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