Equities research analysts predict that Big Lots, Inc. (NYSE:BIG) will report sales of $1.65 billion for the current fiscal quarter, Zacks Investment Research reports. Seven analysts have issued estimates for Big Lots’ earnings. The highest sales estimate is $1.68 billion and the lowest is $1.60 billion. Big Lots reported sales of $1.58 billion during the same quarter last year, which would suggest a positive year over year growth rate of 4.4%. The firm is scheduled to announce its next earnings report on Friday, March 2nd.
According to Zacks, analysts expect that Big Lots will report full-year sales of $1.65 billion for the current year, with estimates ranging from $5.23 billion to $5.30 billion. For the next year, analysts anticipate that the business will report sales of $5.25 billion per share, with estimates ranging from $5.09 billion to $5.31 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that follow Big Lots.
Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, December 1st. The company reported $0.06 EPS for the quarter, beating the Zacks’ consensus estimate of $0.04 by $0.02. Big Lots had a return on equity of 30.17% and a net margin of 3.36%. The firm had revenue of $1.11 billion during the quarter, compared to analysts’ expectations of $1.11 billion. During the same quarter last year, the firm posted $0.04 earnings per share. The company’s revenue for the quarter was up .5% compared to the same quarter last year.
Shares of Big Lots (NYSE BIG) opened at $56.15 on Tuesday. The company has a quick ratio of 0.24, a current ratio of 1.66 and a debt-to-equity ratio of 0.66. Big Lots has a one year low of $45.10 and a one year high of $60.20. The company has a market capitalization of $2,340.00, a P/E ratio of 14.32, a price-to-earnings-growth ratio of 0.98 and a beta of 0.99.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 29th. Investors of record on Friday, December 15th were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $1.00 dividend on an annualized basis and a yield of 1.78%. Big Lots’s dividend payout ratio (DPR) is currently 25.51%.
A number of institutional investors have recently modified their holdings of BIG. Csenge Advisory Group bought a new stake in shares of Big Lots in the third quarter valued at $218,000. Canada Pension Plan Investment Board raised its stake in shares of Big Lots by 20.2% in the third quarter. Canada Pension Plan Investment Board now owns 90,299 shares of the company’s stock valued at $4,837,000 after buying an additional 15,200 shares during the period. Wells Fargo & Company MN raised its stake in shares of Big Lots by 8.0% in the second quarter. Wells Fargo & Company MN now owns 2,363,889 shares of the company’s stock valued at $114,175,000 after buying an additional 175,972 shares during the period. Quantitative Systematic Strategies LLC bought a new stake in shares of Big Lots in the third quarter valued at $615,000. Finally, State Street Corp raised its stake in shares of Big Lots by 1.8% in the second quarter. State Street Corp now owns 1,640,504 shares of the company’s stock valued at $79,233,000 after buying an additional 28,509 shares during the period.
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Big Lots Company Profile
Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.
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