Big Lots (NYSE:BIG) Releases Q2 2020 Pre-Market Earnings Guidance

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.

The company also recently announced a quarterly dividend, which was paid on Friday, June 26th. Stockholders of record on Friday, June 12th were given a $0.30 dividend. The ex-dividend date was Thursday, June 11th. This represents a $1.20 annualized dividend and a dividend yield of 2.79%. Big Lots’s payout ratio is 32.70%.

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 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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