Big Lots (NYSE:BIG) issued an update on its second quarter 2020
Pre-Market earnings guidance on Friday morning. The company provided earnings per share (EPS) guidance of 2.50-2.75 for the period, compared to the Thomson Reuters consensus estimate of $0.79. Big Lots also updated its Q2 guidance to $2.50-2.75 EPS.
BIG stock opened at $43.04 on Friday. The company has a quick ratio of 0.48, a current ratio of 1.48 and a debt-to-equity ratio of 1.68. Big Lots has a 52-week low of $10.13 and a 52-week high of $44.90. The stock’s 50 day moving average is $33.06 and its two-hundred day moving average is $25.44. The company has a market capitalization of $1.69 billion, a PE ratio of 6.10, a P/E/G ratio of 1.39 and a beta of 2.36.
Big Lots (NYSE:BIG) last posted its quarterly earnings data on Friday, May 29th. The company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.86. Big Lots had a return on equity of 19.99% and a net margin of 5.05%. The company had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the business earned $0.92 EPS. Big Lots’s revenue for the quarter was up 11.1% compared to the same quarter last year. As a group, sell-side analysts anticipate that Big Lots will post 4.39 EPS for the current year.
BIG has been the subject of several research reports. Piper Sandler lifted their target price on Big Lots from $52.00 to $53.00 and gave the stock an overweight rating in a research report on Wednesday, June 17th. Cfra lifted their target price on Big Lots from $40.00 to $48.00 and gave the stock a buy rating in a research report on Friday, May 29th. Goldman Sachs Group initiated coverage on Big Lots in a research report on Monday, May 18th. They issued a neutral rating and a $25.00 target price for the company. Telsey Advisory Group upgraded Big Lots from a market perform rating to an outperform rating and lifted their target price for the stock from $20.00 to $31.00 in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. upgraded Big Lots from an underweight rating to a neutral rating in a research report on Sunday, April 19th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and four have issued a buy rating to the company’s stock. Big Lots has a consensus rating of Hold and a consensus price target of $37.58.
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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