Big Lots, Inc. (NYSE:BIG) Expected to Post Quarterly Sales of $1.25 Billion

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.

Several equities analysts have issued reports on the company. ValuEngine downgraded Big Lots from a “sell” rating to a “strong sell” rating in a research report on Wednesday, May 15th. KeyCorp lowered their target price on Big Lots from $44.00 to $40.00 and set an “overweight” rating for the company in a research report on Monday, June 3rd. Bank of America set a $23.00 target price on Big Lots and gave the stock a “sell” rating in a research report on Wednesday, June 26th. Zacks Investment Research lowered Big Lots from a “buy” rating to a “hold” rating and set a $28.00 target price for the company. in a research report on Monday, July 22nd. Finally, Telsey Advisory Group reaffirmed a “market perform” rating and set a $32.00 target price (down from $40.00) on shares of Big Lots in a research report on Monday, June 3rd. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $33.64.

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.

Read More: What is the Rule of 72?

Get a free copy of the Zacks research report on Big Lots (BIG)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

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

Receive News & Ratings for Big Lots Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Big Lots and related companies with MarketBeat.com's FREE daily email newsletter.