Brokerages predict that Big Lots, Inc. (NYSE:BIG) will report earnings per share of $0.40 for the current fiscal quarter, Zacks reports. Five analysts have issued estimates for Big Lots’ earnings. The highest EPS estimate is $0.44 and the lowest is $0.37. Big Lots reported earnings per share of $0.59 in the same quarter last year, which would suggest a negative year-over-year growth rate of 32.2%. The firm is expected to announce its next quarterly earnings results on Friday, August 30th.

According to Zacks, analysts expect that Big Lots will report full-year earnings of $3.77 per share for the current financial year, with EPS estimates ranging from $3.72 to $3.84. For the next year, analysts forecast that the business will report earnings of $3.95 per share, with EPS estimates ranging from $3.78 to $4.26. Zacks Investment Research’s earnings per share averages are an average based on a survey of research analysts that that provide coverage for Big Lots.

Big Lots (NYSE:BIG) last released its quarterly earnings data on Friday, May 31st. The company reported $0.92 EPS for the quarter, beating analysts’ consensus estimates of $0.70 by $0.22. The business had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. Big Lots had a return on equity of 25.61% and a net margin of 2.68%. The firm’s revenue was up 2.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 earnings per share.

A number of research firms recently commented on BIG. ValuEngine downgraded Big Lots from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 15th. KeyCorp dropped their price objective on Big Lots from $44.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, June 3rd. Zacks Investment Research downgraded Big Lots from a “buy” rating to a “hold” rating and set a $28.00 price target for the company. in a report on Monday, July 22nd. Bank of America set a $23.00 price target on Big Lots and gave the stock a “sell” rating in a report on Wednesday, June 26th. Finally, Piper Jaffray Companies downgraded Big Lots from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $44.00 to $31.00 in a report on Friday, May 24th. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $33.64.

NYSE BIG traded up $0.60 on Thursday, reaching $21.35. The company had a trading volume of 815,040 shares, compared to its average volume of 1,352,902. The stock’s 50 day moving average is $24.42 and its 200-day moving average is $31.06. The stock has a market cap of $832.86 million, a price-to-earnings ratio of 5.28, a PEG ratio of 0.70 and a beta of 1.38. The company has a quick ratio of 0.17, a current ratio of 1.25 and a debt-to-equity ratio of 2.21. Big Lots has a 52 week low of $19.83 and a 52 week high of $50.35.

Several institutional investors have recently made changes to their positions in the business. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Big Lots by 1.1% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 126,375 shares of the company’s stock valued at $3,615,000 after buying an additional 1,365 shares during the period. Verition Fund Management LLC bought a new stake in Big Lots in the second quarter valued at approximately $262,000. Nuveen Asset Management LLC bought a new stake in Big Lots in the second quarter valued at approximately $4,155,000. UBS Asset Management Americas Inc. raised its stake in Big Lots by 19.8% in the second quarter. UBS Asset Management Americas Inc. now owns 51,654 shares of the company’s stock valued at $1,478,000 after buying an additional 8,531 shares during the period. Finally, Point72 Hong Kong Ltd raised its stake in Big Lots by 3,715.7% in the second quarter. Point72 Hong Kong Ltd now owns 10,455 shares of the company’s stock valued at $299,000 after buying an additional 10,181 shares during the period.

Big Lots Company Profile

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 d├ęcor, 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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