Brokerages forecast that Big Lots, Inc. (NYSE:BIG) will announce $1.25 billion in sales for the current quarter, according to Zacks. Five analysts have issued estimates for Big Lots’ earnings. The lowest sales estimate is $1.24 billion and the highest is $1.27 billion. Big Lots posted sales of $1.22 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 2.5%. The company is scheduled to report its next quarterly earnings report on Friday, August 30th.
On average, analysts expect that Big Lots will report full year sales of $5.36 billion for the current year, with estimates ranging from $5.34 billion to $5.38 billion. For the next year, analysts forecast that the business will report sales of $5.50 billion, with estimates ranging from $5.45 billion to $5.55 billion. Zacks Investment Research’s sales averages are an average based on a survey of sell-side analysts that follow Big Lots.
Big Lots (NYSE:BIG) last issued its quarterly earnings data on Friday, May 31st. The company reported $0.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.70 by $0.22. Big Lots had a return on equity of 25.61% and a net margin of 2.68%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The business’s revenue for the quarter was up 2.2% compared to the same quarter last year.
BIG traded up $0.60 during trading on Friday, hitting $21.35. The company’s stock had a trading volume of 815,040 shares, compared to its average volume of 1,352,902. The firm’s 50 day moving average price is $24.42 and its two-hundred day moving average price is $31.06. The company has a quick ratio of 0.17, a current ratio of 1.25 and a debt-to-equity ratio of 2.21. Big Lots has a 12 month low of $19.83 and a 12 month high of $50.35. The stock has a market capitalization of $832.86 million, a price-to-earnings ratio of 5.28, a price-to-earnings-growth ratio of 0.70 and a beta of 1.38.
Several institutional investors and hedge funds have recently modified their holdings of the company. Legal & General Group Plc lifted its position in shares of Big Lots by 1.3% during the fourth quarter. Legal & General Group Plc now owns 58,129 shares of the company’s stock worth $1,681,000 after purchasing an additional 755 shares in the last quarter. Texas Permanent School Fund boosted its stake in Big Lots by 3.0% during the 1st quarter. Texas Permanent School Fund now owns 27,193 shares of the company’s stock valued at $1,034,000 after purchasing an additional 794 shares during the last quarter. Poehling Capital Management LLC boosted its stake in Big Lots by 2.7% during the 2nd quarter. Poehling Capital Management LLC now owns 31,925 shares of the company’s stock valued at $913,000 after purchasing an additional 845 shares during the last quarter. First National Bank of Omaha boosted its stake in Big Lots by 2.5% during the 2nd quarter. First National Bank of Omaha now owns 35,851 shares of the company’s stock valued at $1,026,000 after purchasing an additional 870 shares during the last quarter. Finally, Swiss National Bank boosted its stake in Big Lots by 1.4% during the 2nd quarter. Swiss National Bank now owns 74,506 shares of the company’s stock valued at $2,132,000 after purchasing an additional 1,000 shares during the last quarter.
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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