Big Lots (BIG) Releases Q4 2018 Earnings Guidance
Big Lots (NYSE:BIG) updated its fourth quarter 2018 earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $2.20-2.40 for the period, compared to the Thomson Reuters consensus estimate of $2.94. Big Lots also updated its FY 2018 guidance to $3.55-3.75 EPS.
Several research firms recently weighed in on BIG. ValuEngine downgraded shares of Big Lots from a sell rating to a strong sell rating in a report on Thursday, September 13th. Loop Capital lifted their target price on shares of Big Lots from $48.00 to $48.00 and gave the company a hold rating in a report on Monday, August 27th. Piper Jaffray Companies upgraded shares of Big Lots from a neutral rating to an overweight rating and lifted their target price for the company from $43.00 to $53.00 in a report on Monday, November 19th. Finally, Bank of America began coverage on shares of Big Lots in a report on Monday, November 5th. They issued a buy rating and a $56.00 target price for the company. One analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have issued a buy rating to the company’s stock. The company presently has an average rating of Buy and a consensus price target of $51.81.
Shares of BIG stock opened at $40.30 on Friday. The company has a debt-to-equity ratio of 0.70, a current ratio of 1.69 and a quick ratio of 0.32. Big Lots has a 52 week low of $36.20 and a 52 week high of $64.42. The company has a market capitalization of $1.68 billion, a price-to-earnings ratio of 9.06, a price-to-earnings-growth ratio of 1.07 and a beta of 0.95.
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.
See Also: What is a bull market?
Receive News & Ratings for Big Lots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots and related companies with MarketBeat.com's FREE daily email newsletter.