Equities analysts expect Big Lots, Inc. (NYSE:BIG) to announce ($0.21) earnings per share for the current quarter, according to Zacks Investment Research. Five analysts have provided estimates for Big Lots’ earnings, with the lowest EPS estimate coming in at ($0.24) and the highest estimate coming in at ($0.18). Big Lots reported earnings of ($0.16) per share during the same quarter last year, which would indicate a negative year over year growth rate of 31.3%. The firm is expected to announce its next quarterly earnings results on Friday, December 6th.

On average, analysts expect that Big Lots will report full year earnings of $3.81 per share for the current financial year, with EPS estimates ranging from $3.72 to $3.86. For the next year, analysts expect that the company will report earnings of $3.90 per share, with EPS estimates ranging from $3.56 to $4.28. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research analysts that that provide coverage for Big Lots.

Big Lots (NYSE:BIG) last issued its earnings results on Friday, August 30th. The company reported $0.53 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.13. Big Lots had a return on equity of 24.68% and a net margin of 2.33%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.25 billion. During the same quarter in the prior year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 2.5% compared to the same quarter last year.

A number of equities analysts have issued reports on the company. Zacks Investment Research cut Big Lots from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a report on Monday, July 22nd. Loop Capital upped their target price on Big Lots to $25.00 and gave the stock a “hold” rating in a report on Tuesday, September 3rd. KeyCorp lowered their target price on Big Lots from $44.00 to $40.00 and set an “overweight” rating for the company in a report on Monday, June 3rd. Bank of America set a $23.00 price target on Big Lots and gave the company a “sell” rating in a research report on Wednesday, June 26th. Finally, Piper Jaffray Companies lowered Big Lots from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $44.00 to $31.00 in a research report on Friday, May 24th. Two equities research analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Big Lots presently has a consensus rating of “Hold” and a consensus target price of $31.83.

In other Big Lots news, SVP Ronald A. Robins, Jr. sold 5,000 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $23.42, for a total value of $117,100.00. Following the sale, the senior vice president now owns 30,532 shares in the company, valued at approximately $715,059.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 1.10% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Capital Investment Advisory Services LLC bought a new stake in shares of Big Lots in the 2nd quarter valued at about $26,000. NumerixS Investment Technologies Inc bought a new stake in shares of Big Lots during the 2nd quarter valued at about $31,000. Price Wealth Management Inc. bought a new stake in shares of Big Lots during the 2nd quarter valued at about $46,000. KBC Group NV bought a new stake in shares of Big Lots during the 2nd quarter valued at about $94,000. Finally, US Bancorp DE boosted its position in shares of Big Lots by 73.6% during the 2nd quarter. US Bancorp DE now owns 6,034 shares of the company’s stock valued at $173,000 after purchasing an additional 2,559 shares in the last quarter. Hedge funds and other institutional investors own 98.98% of the company’s stock.

BIG traded down $0.31 on Friday, reaching $22.75. The stock had a trading volume of 1,118,071 shares, compared to its average volume of 1,416,779. Big Lots has a fifty-two week low of $19.83 and a fifty-two week high of $45.13. The firm has a 50-day moving average of $22.82 and a 200-day moving average of $30.03. The company has a current ratio of 1.09, a quick ratio of 0.17 and a debt-to-equity ratio of 2.31. The company has a market capitalization of $895.67 million, a price-to-earnings ratio of 5.63, a price-to-earnings-growth ratio of 0.80 and a beta of 1.40.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 27th. Shareholders of record on Friday, September 13th will be given a $0.30 dividend. The ex-dividend date of this dividend is Thursday, September 12th. This represents a $1.20 dividend on an annualized basis and a dividend yield of 5.27%. Big Lots’s dividend payout ratio (DPR) is presently 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 d├ęcor, and frames departments; and food category that includes beverage and grocery, candy and snacks, and specialty foods departments.

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