Big Lots (NYSE:BIG) updated its FY 2018 earnings guidance on Friday. The company provided earnings per share guidance of $3.55-3.75 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.46. Big Lots also updated its Q4 guidance to $2.20-2.40 EPS.

Several analysts have recently commented on the stock. Loop Capital decreased their price target on shares of Big Lots from $43.00 to $32.00 and set a hold rating on the stock in a research note on Friday. ValuEngine raised shares of Big Lots from a sell rating to a hold rating in a research note on Friday, August 24th. Bank of America assumed coverage on shares of Big Lots in a research note on Monday, November 5th. They set a buy rating and a $56.00 price target on the stock. Finally, Piper Jaffray Companies raised shares of Big Lots from a neutral rating to an overweight rating and increased their price target for the company from $43.00 to $53.00 in a research note on Monday, November 19th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $50.81.

Shares of NYSE:BIG traded down $9.21 during midday trading on Friday, reaching $31.09. 397,781 shares of the company were exchanged, compared to its average volume of 840,824. Big Lots has a fifty-two week low of $36.20 and a fifty-two week high of $64.42. The company has a quick ratio of 0.32, a current ratio of 1.69 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1.68 billion, a price-to-earnings ratio of 6.91, a PEG ratio of 1.07 and a beta of 0.95.

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

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 28th. Investors of record on Friday, December 14th will be issued a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.86%. Big Lots’s payout ratio is 26.97%.

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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 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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