Big Lots, Inc. (NYSE:BIG) issued an update on its third quarter earnings guidance on Monday morning. The company provided earnings per share guidance of $0.01-0.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.04. Big Lots also updated its FY18 guidance to $4.15-4.25 EPS.

Shares of Big Lots, Inc. (NYSE BIG) opened at 49.05 on Tuesday. The stock has a market capitalization of $2.08 billion, a PE ratio of 12.71 and a beta of 0.92. Big Lots, Inc. has a one year low of $42.40 and a one year high of $56.54. The stock has a 50 day moving average of $49.43 and a 200-day moving average of $48.97.

Big Lots (NYSE:BIG) last posted its quarterly earnings results on Friday, August 25th. The company reported $0.67 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.05. Big Lots had a net margin of 3.31% and a return on equity of 30.32%. The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.21 billion. During the same period in the previous year, the business posted $0.52 EPS. The company’s quarterly revenue was up 1.5% on a year-over-year basis. Equities analysts predict that Big Lots, Inc. will post $4.24 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 22nd. Stockholders of record on Friday, September 8th will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, September 7th. Big Lots’s dividend payout ratio (DPR) is presently 26.04%.

Several research analysts have recently commented on BIG shares. Zacks Investment Research raised shares of Big Lots from a hold rating to a buy rating and set a $53.00 price target for the company in a report on Tuesday, May 23rd. Oppenheimer Holdings, Inc. set a $60.00 price target on shares of Big Lots and gave the company a buy rating in a report on Saturday, May 27th. Loop Capital reaffirmed a buy rating and issued a $64.00 price target on shares of Big Lots in a report on Tuesday, May 30th. ValuEngine lowered shares of Big Lots from a buy rating to a hold rating in a report on Friday, June 2nd. Finally, Citigroup Inc. reaffirmed a buy rating and issued a $62.00 price target (up from $61.00) on shares of Big Lots in a report on Friday, June 9th. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of Buy and an average price target of $57.50.

In other Big Lots news, insider Michael Allen Schlonsky sold 2,602 shares of the business’s stock in a transaction dated Tuesday, August 29th. The shares were sold at an average price of $48.00, for a total transaction of $124,896.00. Following the sale, the insider now directly owns 34,706 shares in the company, valued at approximately $1,665,888. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Russell Solt sold 2,100 shares of the business’s stock in a transaction dated Tuesday, August 8th. The stock was sold at an average price of $51.50, for a total transaction of $108,150.00. Following the sale, the director now owns 10,041 shares in the company, valued at $517,111.50. The disclosure for this sale can be found here. Insiders have sold a total of 73,577 shares of company stock valued at $3,717,951 over the last three months. 1.70% of the stock is currently owned by company insiders.

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Big Lots Company Profile

Big Lots, Inc is a non-traditional, discount retailer operating in the United States. As of January 28, 2017, the Company operated a total of 1,432 stores. The Company operates through the discount retailing segment. As of January 28, 2017, the Company’s stores are located at various states of the United States, such as Alabama, Arizona, California, Colorado, Florida, Georgia, Idaho, Indiana, Iowa, Kansas, Kentucky, Maine, Michigan, Montana, Nevada, Nebraska, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, South Carolina, Texas, Utah and Washington.

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

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