Analysts Expect Bed Bath & Beyond Inc. (BBBY) Will Post Earnings of $0.95 Per Share
Equities research analysts expect Bed Bath & Beyond Inc. (NASDAQ:BBBY) to post $0.95 earnings per share for the current quarter, according to Zacks. Nine analysts have made estimates for Bed Bath & Beyond’s earnings, with the highest EPS estimate coming in at $0.99 and the lowest estimate coming in at $0.88. Bed Bath & Beyond posted earnings of $1.11 per share in the same quarter last year, which indicates a negative year-over-year growth rate of 14.4%. The business is scheduled to report its next earnings report after the market closes on Tuesday, September 19th.
On average, analysts expect that Bed Bath & Beyond will report full-year earnings of $4.03 per share for the current fiscal year, with EPS estimates ranging from $3.75 to $4.16. For the next year, analysts expect that the company will post earnings of $3.89 per share, with EPS estimates ranging from $3.60 to $4.10. Zacks’ earnings per share averages are an average based on a survey of sell-side research firms that cover Bed Bath & Beyond.
Bed Bath & Beyond (NASDAQ:BBBY) last posted its earnings results on Thursday, June 22nd. The retailer reported $0.58 EPS for the quarter, missing the consensus estimate of $0.66 by $0.08. Bed Bath & Beyond had a net margin of 5.22% and a return on equity of 24.38%. The firm had revenue of $2.74 billion during the quarter, compared to analyst estimates of $2.79 billion. During the same period in the previous year, the company posted $0.80 EPS. Bed Bath & Beyond’s revenue for the quarter was up .1% compared to the same quarter last year.
A number of brokerages have issued reports on BBBY. Morgan Stanley lowered their target price on shares of Bed Bath & Beyond from $38.00 to $35.00 and set an “underweight” rating on the stock in a report on Wednesday, June 21st. Bank of America Corporation lowered their target price on shares of Bed Bath & Beyond from $35.00 to $30.00 and set an “underperform” rating on the stock in a report on Friday, June 23rd. Deutsche Bank AG reissued a “hold” rating and set a $31.00 target price (down previously from $36.00) on shares of Bed Bath & Beyond in a report on Sunday, June 25th. Argus reissued a “buy” rating and set a $40.00 target price (down previously from $48.00) on shares of Bed Bath & Beyond in a report on Wednesday, June 28th. Finally, Wolfe Research cut shares of Bed Bath & Beyond from a “peer perform” rating to an “underperform” rating and set a $31.00 target price on the stock. in a report on Monday, June 19th. Ten investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $35.24.
Bed Bath & Beyond (NASDAQ:BBBY) traded down 0.85% during trading on Tuesday, hitting $30.38. The stock had a trading volume of 1,943,287 shares. The firm has a 50 day moving average price of $30.32 and a 200-day moving average price of $36.46. The firm has a market capitalization of $4.27 billion, a PE ratio of 6.99 and a beta of 1.13. Bed Bath & Beyond has a 1-year low of $27.99 and a 1-year high of $48.83.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 17th. Stockholders of record on Friday, September 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.97%. The ex-dividend date is Thursday, September 14th. Bed Bath & Beyond’s dividend payout ratio (DPR) is 13.86%.
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A number of institutional investors have recently added to or reduced their stakes in BBBY. Quantbot Technologies LP bought a new position in Bed Bath & Beyond during the first quarter worth about $106,000. Cutler Group LP increased its position in Bed Bath & Beyond by 157.6% in the first quarter. Cutler Group LP now owns 2,934 shares of the retailer’s stock worth $115,000 after buying an additional 8,027 shares during the last quarter. First Manhattan Co. increased its position in Bed Bath & Beyond by 20.3% in the first quarter. First Manhattan Co. now owns 2,966 shares of the retailer’s stock worth $127,000 after buying an additional 500 shares during the last quarter. Westside Investment Management Inc. increased its position in Bed Bath & Beyond by 15.0% in the first quarter. Westside Investment Management Inc. now owns 3,370 shares of the retailer’s stock worth $127,000 after buying an additional 440 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new position in Bed Bath & Beyond during the first quarter worth about $146,000. 92.45% of the stock is owned by institutional investors.
Bed Bath & Beyond Company Profile
Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).
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