Wall Street analysts expect that Bed Bath & Beyond Inc. (NASDAQ:BBBY) will report earnings per share of $0.37 for the current fiscal quarter, according to Zacks Investment Research. Nine analysts have provided estimates for Bed Bath & Beyond’s earnings. The highest EPS estimate is $0.39 and the lowest is $0.35. Bed Bath & Beyond posted earnings of $0.85 per share in the same quarter last year, which suggests a negative year over year growth rate of 56.5%. The business is expected to issue its next earnings results on Wednesday, December 20th.

According to Zacks, analysts expect that Bed Bath & Beyond will report full-year earnings of $3.01 per share for the current financial year, with EPS estimates ranging from $2.91 to $3.15. For the next financial year, analysts forecast that the business will post earnings of $2.72 per share, with EPS estimates ranging from $2.35 to $3.00. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Bed Bath & Beyond.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings data on Tuesday, September 19th. The retailer reported $0.67 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a net margin of 4.64% and a return on equity of 21.74%. The firm had revenue of $2.94 billion during the quarter, compared to analyst estimates of $3.01 billion. During the same period in the previous year, the firm posted $1.11 earnings per share. The company’s quarterly revenue was down 1.7% compared to the same quarter last year.

Several research analysts recently weighed in on BBBY shares. Zacks Investment Research raised Bed Bath & Beyond from a “strong sell” rating to a “hold” rating and set a $31.00 target price on the stock in a research report on Tuesday, August 22nd. Wedbush set a $30.00 target price on Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Saturday, June 24th. KeyCorp reaffirmed an “underweight” rating and issued a $21.00 target price (down from $27.00) on shares of Bed Bath & Beyond in a research report on Wednesday, September 20th. UBS AG reiterated a “neutral” rating and issued a $30.00 price target (down from $33.00) on shares of Bed Bath & Beyond in a report on Thursday, September 14th. Finally, Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Bed Bath & Beyond in a report on Tuesday, July 4th. Nine analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and two have assigned a buy rating to the company. Bed Bath & Beyond currently has a consensus rating of “Hold” and a consensus target price of $28.12.

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Shares of Bed Bath & Beyond (BBBY) opened at 21.47 on Friday. The stock has a 50 day moving average price of $24.37 and a 200-day moving average price of $30.96. Bed Bath & Beyond has a 52 week low of $20.93 and a 52 week high of $48.83. The firm has a market capitalization of $2.99 billion, a PE ratio of 5.49 and a beta of 1.11.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Friday, December 15th will be paid a $0.15 dividend. The ex-dividend date is Thursday, December 14th. This represents a $0.60 dividend on an annualized basis and a yield of 2.79%. Bed Bath & Beyond’s dividend payout ratio (DPR) is 15.42%.

A number of large investors have recently bought and sold shares of the stock. LS Investment Advisors LLC grew its stake in Bed Bath & Beyond by 59.4% in the third quarter. LS Investment Advisors LLC now owns 16,684 shares of the retailer’s stock worth $392,000 after purchasing an additional 6,217 shares in the last quarter. State Treasurer State of Michigan grew its stake in Bed Bath & Beyond by 13.7% in the third quarter. State Treasurer State of Michigan now owns 54,200 shares of the retailer’s stock worth $1,272,000 after purchasing an additional 6,529 shares in the last quarter. Smith Graham & Co. Investment Advisors LP grew its stake in Bed Bath & Beyond by 52.6% in the third quarter. Smith Graham & Co. Investment Advisors LP now owns 172,390 shares of the retailer’s stock worth $4,046,000 after purchasing an additional 59,400 shares in the last quarter. Meeder Asset Management Inc. grew its stake in Bed Bath & Beyond by 98.4% in the third quarter. Meeder Asset Management Inc. now owns 74,948 shares of the retailer’s stock worth $1,759,000 after purchasing an additional 37,171 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. grew its stake in Bed Bath & Beyond by 9.5% in the third quarter. Robeco Institutional Asset Management B.V. now owns 546,361 shares of the retailer’s stock worth $12,823,000 after purchasing an additional 47,511 shares in the last quarter. Institutional investors and hedge funds own 92.96% of the company’s stock.

About Bed Bath & Beyond

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

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