Best Buy Co (BBY) Announces Quarterly Results
Best Buy Co (NYSE:BBY) released its earnings data on Tuesday. The company reported $0.44 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.31 by $0.13, Analyst Ratings.Net reports. The company had revenue of $8.90 billion for the quarter, compared to the consensus estimate of $8.99 billion.
Several analysts have recently commented on the stock. Analysts at Piper Jaffray reiterated a “buy” rating on shares of Best Buy Co in a research note on Friday. On a related note, analysts at Citigroup Inc. raised their price target on shares of Best Buy Co from $31.00 to $36.00 in a research note on Friday, July 11th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley reiterated a “buy” rating on shares of Best Buy Co in a research note on Wednesday, June 25th. Four equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Best Buy Co has a consensus rating of “Buy” and an average price target of $40.92.
Best Buy Co (NYSE:BBY) opened at 31.99 on Tuesday. Best Buy Co has a 52-week low of $22.15 and a 52-week high of $44.66. The stock has a 50-day moving average of $30.33 and a 200-day moving average of $27.58. The company has a market cap of $11.158 billion and a P/E ratio of 10.19.
Best Buy Co, Inc is a multinational, multichannel retailer of technology products, including tablets and computers, televisions, mobile phones, large and small appliances, entertainment products, digital imaging and related accessories.
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