$1.30 Billion in Sales Expected for Big Lots, Inc. (BIG) This Quarter

Analysts forecast that Big Lots, Inc. (NYSE:BIG) will announce $1.30 billion in sales for the current quarter, according to Zacks. Three analysts have issued estimates for Big Lots’ earnings. Big Lots posted sales of $1.27 billion in the same quarter last year, which suggests a positive year over year growth rate of 2.4%. The firm is scheduled to announce its next earnings results on Friday, June 7th.

According to Zacks, analysts expect that Big Lots will report full year sales of $5.36 billion for the current fiscal year, with estimates ranging from $5.32 billion to $5.40 billion. For the next financial year, analysts expect that the business will report sales of $5.47 billion, with estimates ranging from $5.39 billion to $5.59 billion. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that follow Big Lots.

Big Lots (NYSE:BIG) last issued its earnings results on Friday, March 8th. The company reported $2.68 EPS for the quarter, topping the consensus estimate of $2.30 by $0.38. The firm had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.60 billion. Big Lots had a return on equity of 25.67% and a net margin of 3.00%. Big Lots’s quarterly revenue was down 2.7% compared to the same quarter last year. During the same period last year, the business earned $2.57 earnings per share.

Several research analysts have issued reports on the company. Piper Jaffray Companies upgraded Big Lots from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $43.00 to $53.00 in a research note on Monday, November 19th. Bank of America increased their price objective on Big Lots from $40.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday. Morgan Stanley increased their price objective on Big Lots from $33.00 to $36.00 and gave the stock an “equal weight” rating in a research note on Monday. Raymond James increased their price objective on Big Lots from $36.00 to $40.00 and gave the stock an “outperform” rating in a research note on Monday. Finally, Zacks Investment Research upgraded Big Lots from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company. Big Lots presently has an average rating of “Hold” and an average target price of $43.07.

Big Lots stock traded down $0.14 during mid-day trading on Friday, hitting $35.21. 9,289,587 shares of the company were exchanged, compared to its average volume of 1,607,764. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.77 and a quick ratio of 0.27. Big Lots has a 1-year low of $26.21 and a 1-year high of $50.35. The firm has a market capitalization of $1.42 billion, a P/E ratio of 8.72, a P/E/G ratio of 1.29 and a beta of 1.27.

The firm also recently announced a quarterly dividend, which will be paid on Friday, April 5th. Stockholders of record on Friday, March 22nd will be paid a $0.30 dividend. The ex-dividend date of this dividend is Thursday, March 21st. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.41%. Big Lots’s dividend payout ratio (DPR) is presently 29.70%.

In other news, insider Stephen M. Haffer sold 1,646 shares of the firm’s stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $35.57, for a total value of $58,548.22. Following the completion of the sale, the insider now directly owns 7,432 shares in the company, valued at $264,356.24. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 1.30% of the company’s stock.

Several large investors have recently made changes to their positions in BIG. Captrust Financial Advisors increased its stake in shares of Big Lots by 263.0% in the fourth quarter. Captrust Financial Advisors now owns 933 shares of the company’s stock valued at $27,000 after buying an additional 676 shares in the last quarter. NumerixS Investment Technologies Inc acquired a new stake in shares of Big Lots in the fourth quarter valued at $31,000. We Are One Seven LLC acquired a new stake in shares of Big Lots in the fourth quarter valued at $71,000. PNC Financial Services Group Inc. increased its stake in shares of Big Lots by 37.6% in the fourth quarter. PNC Financial Services Group Inc. now owns 3,990 shares of the company’s stock valued at $115,000 after buying an additional 1,090 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its stake in shares of Big Lots by 753.1% in the third quarter. Tower Research Capital LLC TRC now owns 3,438 shares of the company’s stock valued at $144,000 after buying an additional 3,035 shares in the last quarter.

About Big Lots

Big Lots, Inc, through its subsidiaries, operates as a community 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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Earnings History and Estimates for Big Lots (NYSE:BIG)

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