Bed Bath & Beyond (NASDAQ:BBBY) Issues FY 2019 Earnings Guidance

Bed Bath & Beyond (NASDAQ:BBBY) updated its FY 2019 earnings guidance on Wednesday. The company provided EPS guidance of $2.11-2.11 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.98. The company issued revenue guidance of $11.4-11.4 billion, compared to the consensus revenue estimate of $11.48 billion.

BBBY has been the topic of several analyst reports. Zacks Investment Research upgraded Green Brick Partners from a sell rating to a hold rating in a report on Wednesday, April 10th. Telsey Advisory Group reiterated a market perform rating and issued a $14.00 target price (down from $20.00) on shares of Bed Bath & Beyond in a report on Wednesday, July 3rd. Robert W. Baird reiterated a neutral rating and issued a $13.00 target price (down from $18.00) on shares of Bed Bath & Beyond in a report on Thursday. Bank of America set a $25.00 target price on Bed Bath & Beyond and gave the company a buy rating in a report on Tuesday, July 2nd. Finally, Loop Capital reissued an average rating and issued a $12.00 price target on shares of Bed Bath & Beyond in a research note on Tuesday. Six equities research analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have given a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $16.05.

BBBY stock opened at $11.17 on Friday. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.88 and a quick ratio of 0.62. The company has a market cap of $1.48 billion, a P/E ratio of 5.45, a price-to-earnings-growth ratio of 5.84 and a beta of 1.19. Bed Bath & Beyond has a fifty-two week low of $10.43 and a fifty-two week high of $20.43. The business’s fifty day moving average price is $12.16.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings results on Wednesday, July 10th. The retailer reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.08 by $0.04. Bed Bath & Beyond had a positive return on equity of 8.87% and a negative net margin of 4.66%. The firm had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.58 billion. During the same quarter last year, the firm posted $0.32 EPS. The company’s revenue was down 6.6% compared to the same quarter last year. On average, analysts predict that Bed Bath & Beyond will post 1.97 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be issued a dividend of $0.17 per share. This represents a $0.68 dividend on an annualized basis and a dividend yield of 6.09%. Bed Bath & Beyond’s dividend payout ratio is 33.17%.

About Bed Bath & Beyond

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

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Earnings History and Estimates for Bed Bath & Beyond (NASDAQ:BBBY)

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