Big Lots (NYSE:BIG) Releases Q4 Earnings Guidance

Big Lots (NYSE:BIG) updated its fourth quarter earnings guidance on Friday. The company provided earnings per share (EPS) guidance of $2.40-2.55 for the period, compared to the Thomson Reuters consensus estimate of $2.55.

BIG has been the topic of a number of recent research reports. ValuEngine upgraded shares of Big Lots from a sell rating to a hold rating in a research note on Tuesday, December 3rd. Citigroup decreased their price target on shares of Big Lots from $34.00 to $29.00 and set a buy rating for the company in a research note on Tuesday, September 24th. Barclays lowered their price target on shares of Big Lots from $36.00 to $25.00 and set an equal weight rating for the company in a report on Tuesday, September 3rd. Loop Capital boosted their price target on shares of Big Lots to $25.00 and gave the stock a hold rating in a report on Tuesday, September 3rd. Finally, Telsey Advisory Group reissued a market perform rating and issued a $26.00 price objective on shares of Big Lots in a research report on Friday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and three have given a buy rating to the company. Big Lots presently has a consensus rating of Hold and a consensus target price of $31.25.

BIG opened at $25.21 on Friday. The company has a debt-to-equity ratio of 2.31, a quick ratio of 0.17 and a current ratio of 1.09. Big Lots has a one year low of $18.54 and a one year high of $39.53. The company has a market cap of $747.54 million, a P/E ratio of 6.24, a PEG ratio of 0.63 and a beta of 1.32. The business’s 50-day simple moving average is $21.22 and its 200-day simple moving average is $24.03.

Big Lots (NYSE:BIG) last posted its earnings results on Friday, December 6th. The company reported ($0.18) earnings per share for the quarter, topping the consensus estimate of ($0.20) by $0.02. The firm had revenue of $1.17 billion during the quarter, compared to analysts’ expectations of $1.16 billion. Big Lots had a return on equity of 24.68% and a net margin of 2.33%. The firm’s revenue was up 1.6% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.16) earnings per share. As a group, analysts predict that Big Lots will post 3.81 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 30th. Shareholders of record on Monday, December 16th will be issued a dividend of $0.30 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.20 dividend on an annualized basis and a yield of 4.76%. Big Lots’s payout ratio is currently 29.70%.

About Big Lots

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 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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