Big Lots (NYSE:BIG) issued an update on its FY19 earnings guidance on Friday morning. The company provided earnings per share guidance of $4.40-4.55 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $4.57. Big Lots also updated its Q3 guidance to ($0.06)-$0.04 EPS.

Shares of NYSE:BIG opened at $47.86 on Friday. The stock has a market capitalization of $1.97 billion, a PE ratio of 10.76, a price-to-earnings-growth ratio of 0.89 and a beta of 1.03. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.32 and a current ratio of 1.65. Big Lots has a 1 year low of $36.20 and a 1 year high of $64.42.

Big Lots (NYSE:BIG) last announced its quarterly earnings data on Friday, August 31st. The company reported $0.59 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.67 by ($0.08). The business had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.23 billion. Big Lots had a net margin of 3.23% and a return on equity of 28.85%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.67 earnings per share. equities research analysts forecast that Big Lots will post 4.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 14th will be paid a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 2.51%. Big Lots’s dividend payout ratio is 26.97%.

BIG has been the topic of a number of recent analyst reports. Citigroup initiated coverage on Big Lots in a research note on Friday, July 6th. They issued a buy rating on the stock. Zacks Investment Research raised Big Lots from a strong sell rating to a hold rating and set a $51.00 price objective on the stock in a research note on Wednesday, August 1st. Deutsche Bank dropped their price objective on Big Lots from $64.00 to $58.00 and set a buy rating on the stock in a research note on Thursday, May 24th. JPMorgan Chase & Co. decreased their target price on Big Lots from $44.00 to $40.00 and set a neutral rating for the company in a research report on Monday, June 4th. Finally, Goldman Sachs Group initiated coverage on Big Lots in a research report on Thursday, July 19th. They issued a buy rating and a $47.00 target price for the company. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $51.47.

In other Big Lots news, EVP Michael Allen Schlonsky sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, August 2nd. The stock was sold at an average price of $45.00, for a total transaction of $270,000.00. Following the completion of the sale, the executive vice president now directly owns 34,315 shares of the company’s stock, valued at approximately $1,544,175. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Lisa M. Bachmann sold 7,517 shares of the business’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $48.85, for a total value of $367,205.45. Following the sale, the executive vice president now directly owns 61,630 shares of the company’s stock, valued at $3,010,625.50. The disclosure for this sale can be found here. Insiders sold a total of 48,250 shares of company stock valued at $2,319,663 over the last ninety days. 1.30% of the stock is currently owned by corporate insiders.

About Big Lots

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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