Big Lots Inc. (BIG) Tops Estimates

Big Lots Inc. (BIG) shares are up 38c, or 0.79%, to $48.20 in pre-market trading Friday after the company reported its fourth quarter earnings results.

The retailer reported earnings of $1.76 per share on revenues of $1.593 billion, up 1.4% from a year ago. Analysts were expecting EPS of $1.75 on revenues of $1.588 billion. Comparable store sales increased 2.9% for the quarter, compared to guidance of a low single digit increase. Comparable store sales increased 1.8% for fiscal 2014.

Commenting on today’s release, David Campisi, CEO and President of Big Lots, stated, “I’m very pleased with our fourth quarter results and strong finish to the year. Earnings for the quarter were solidly in line with our guidance as comps increased 2.9% representing our strongest performance of the year…”

For Q1/15, BIG provided EPS guidance of $0.55-40.60 versus consensus of $0.65 per share.

On valuation measures, Big Lots Inc. shares, which currently have an average 3-month trading volume of 779,867.00 shares, trade at a trailing-12 P/E of 25.96, a forward P/E of 16.27 and a P/E to growth ratio of 2.56. The median Wall Street price target on the name is $53.00 with a high target of $60.00. Currently ticker boasts 9 ‘Buy’ endorsements, compared to 7 ’Holds’ and no ‘Sell’.

Profitability-wise, BIG has a t-12 profit and operating margin of 1.95% and 3.32%, respectively. The $2.56 billion market cap company reported $52 million in cash vs. $62 million in debt in its most recent quarter.

BIG currently prints a one year return of about 65% and a year-to-date return of around 20%.

The chart below shows where the equity has traded over the last 52 weeks.

Big Lots Inc. operates as a broadline closeout retailer in the United States. The company was founded in 1967 and is headquartered in Columbus, Ohio.

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