Bed Bath & Beyond Inc. (BBBY) Releases Q4 Earnings Guidance
Bed Bath & Beyond Inc. (NASDAQ:BBBY) updated its fourth quarter earnings guidance on Wednesday. The company provided earnings per share guidance of $1.60-1.67 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.79, Analyst Ratings Network.com reports.
A number of analysts have recently weighed in on BBBY shares. Analysts at UBS AG reiterated a neutral rating on shares of Bed Bath & Beyond in a research note to investors on Monday. They now have a $84.00 price target on the stock, up previously from $80.00. On a related note, analysts at Thomson Reuters/Verus downgraded shares of Bed Bath & Beyond from a buy rating to a hold rating in a research note to investors on Tuesday, December 24th. Finally, analysts at ISI Group upgraded shares of Bed Bath & Beyond to a neutral rating in a research note to investors on Friday, December 13th. Two analysts have rated the stock with a sell rating, twelve have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company. Bed Bath & Beyond has an average rating of Hold and a consensus price target of $80.95.
Bed Bath & Beyond Inc. (NASDAQ:BBBY) traded up 0.59% on Wednesday, hitting $79.68. The stock had a trading volume of 3,918,061 shares. Bed Bath & Beyond Inc. has a one year low of $54.62 and a one year high of $80.82. The stock has a 50-day moving average of $78.10 and a 200-day moving average of $75.98. The company has a market cap of $16.792 billion and a P/E ratio of 16.49. Bed Bath & Beyond also was the target of unusually large options trading on Monday. Traders acquired 7,935 put options on the stock. This is an increase of approximately 644% compared to the typical daily volume of 1,066 put options.
Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings data on Wednesday, January 8th. The company reported $1.12 earnings per share for the quarter, missing the analysts’ consensus estimate of $1.15 by $0.03. The company had revenue of $2.87 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the company posted $1.03 earnings per share. Bed Bath & Beyond’s revenue was up 6.0% compared to the same quarter last year. On average, analysts predict that Bed Bath & Beyond Inc. will post $5.01 earnings per share for the current fiscal year.
Bed Bath & Beyond Inc is a chain of retail stores, operating under the names Bed Bath & Beyond (NASDAQ:BBBY), Christmas Tree Shops (CTS), Harmon and Harmon Face Values (Harmon), buybuy BABY and World Market or Cost Plus World Market (World Market).
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.