Equities analysts expect Big Lots (NYSE:BIG) to post earnings per share (EPS) of $1.21 for the current fiscal quarter, Zacks reports. Six analysts have made estimates for Big Lots’ earnings. The lowest EPS estimate is $1.17 and the highest is $1.25. Big Lots posted earnings of $1.15 per share during the same quarter last year, which indicates a positive year over year growth rate of 5.2%. The firm is scheduled to announce its next quarterly earnings report on Friday, May 25th.

On average, analysts expect that Big Lots will report full-year earnings of $4.92 per share for the current fiscal year, with EPS estimates ranging from $4.84 to $5.20. For the next financial year, analysts anticipate that the business will report earnings of $5.30 per share, with EPS estimates ranging from $5.19 to $5.52. Zacks Investment Research’s earnings per share calculations are an average based on a survey of sell-side research analysts that follow Big Lots.

Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, March 9th. The company reported $2.57 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $2.43 by $0.14. The company had revenue of $1.64 billion for the quarter, compared to analyst estimates of $1.65 billion. Big Lots had a net margin of 3.60% and a return on equity of 31.12%. The company’s revenue was up 4.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.26 earnings per share.

BIG has been the topic of several research analyst reports. Northcoast Research reissued a “neutral” rating on shares of Big Lots in a research report on Monday, March 12th. UBS lowered shares of Big Lots from a “strong-buy” rating to an “outperform” rating in a research report on Monday, April 16th. Zacks Investment Research raised shares of Big Lots from a “hold” rating to a “buy” rating and set a $69.00 price objective on the stock in a research report on Wednesday, January 31st. Loop Capital lowered their price target on shares of Big Lots from $70.00 to $60.00 and set a “buy” rating on the stock in a research report on Monday, March 12th. Finally, Raymond James reaffirmed an “outperform” rating and set a $60.00 price target on shares of Big Lots in a research report on Monday, April 16th. Two equities research analysts have rated the stock with a sell rating, six have issued a hold rating and eight have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $58.25.

Shares of Big Lots opened at $43.05 on Thursday, according to Marketbeat.com. The stock has a market capitalization of $1.77 billion, a PE ratio of 9.67, a P/E/G ratio of 0.64 and a beta of 1.13. Big Lots has a fifty-two week low of $42.81 and a fifty-two week high of $43.64. The company has a debt-to-equity ratio of 0.30, a quick ratio of 0.25 and a current ratio of 1.73.

Big Lots declared that its board has approved a share repurchase program on Friday, March 9th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the company to repurchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its shares are undervalued.

In other Big Lots news, CEO David J. Campisi sold 25,414 shares of the stock in a transaction dated Wednesday, March 14th. The shares were sold at an average price of $47.29, for a total transaction of $1,201,828.06. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO David J. Campisi sold 20,657 shares of the stock in a transaction dated Wednesday, April 4th. The stock was sold at an average price of $43.73, for a total transaction of $903,330.61. Following the sale, the chief executive officer now owns 170,560 shares in the company, valued at $7,458,588.80. The disclosure for this sale can be found here. 1.30% of the stock is currently owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Advisory Research Inc. acquired a new stake in Big Lots during the fourth quarter worth about $919,000. Keybank National Association OH acquired a new stake in Big Lots during the fourth quarter worth about $823,000. Hudson Bay Capital Management LP acquired a new stake in Big Lots during the fourth quarter worth about $3,745,000. We Are One Seven LLC acquired a new stake in Big Lots during the fourth quarter worth about $110,000. Finally, Vident Investment Advisory LLC grew its stake in Big Lots by 10.1% during the fourth quarter. Vident Investment Advisory LLC now owns 60,827 shares of the company’s stock worth $3,415,000 after buying an additional 5,600 shares in the last quarter.

Big Lots Company Profile

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 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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