Big Lots (BIG) Updates Q4 2018 Earnings Guidance

Big Lots (NYSE:BIG) issued an update on its fourth quarter 2018 earnings guidance on Friday morning. The company provided earnings per share guidance of $2.20-2.40 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.94. Big Lots also updated its FY 2018 guidance to $3.55-3.75 EPS.

Shares of NYSE:BIG opened at $31.00 on Friday. Big Lots has a 1 year low of $30.32 and a 1 year high of $64.42. The company has a market cap of $1.61 billion, a PE ratio of 6.97, a price-to-earnings-growth ratio of 1.03 and a beta of 0.95. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.32 and a current ratio of 1.69.

Big Lots (NYSE:BIG) last announced its earnings results on Friday, December 7th. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.15). Big Lots had a net margin of 3.14% and a return on equity of 27.83%. The business had revenue of $1.15 billion for the quarter, compared to analysts’ expectations of $1.14 billion. During the same quarter last year, the business earned $0.06 EPS. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Sell-side analysts expect that Big Lots will post 4.44 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Stockholders of record on Friday, December 14th will be given a dividend of $0.30 per share. The ex-dividend date is Thursday, December 13th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.87%. Big Lots’s dividend payout ratio (DPR) is 26.97%.

A number of research analysts have recently issued reports on BIG shares. Bank of America assumed coverage on Big Lots in a research report on Monday, November 5th. They set a buy rating and a $56.00 target price on the stock. Loop Capital raised their price objective on Big Lots from $48.00 to $48.00 and gave the company a hold rating in a report on Monday, August 27th. ValuEngine upgraded Big Lots from a sell rating to a hold rating in a report on Friday, August 24th. Finally, Piper Jaffray Companies upgraded Big Lots from a neutral rating to an overweight rating and raised their price objective for the company from $43.00 to $53.00 in a report on Monday, November 19th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and eleven have given a buy rating to the stock. The company currently has a consensus rating of Buy and a consensus price target of $50.81.

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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 décor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

Further Reading: Market Capitalization in the Stock Market

Earnings History and Estimates for Big Lots (NYSE:BIG)

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