Brokerages Expect Bed Bath & Beyond Inc. (BBBY) to Post $1.40 EPS

Wall Street analysts expect that Bed Bath & Beyond Inc. (NASDAQ:BBBY) will announce earnings of $1.40 per share for the current fiscal quarter, according to Zacks. Eight analysts have provided estimates for Bed Bath & Beyond’s earnings. The lowest EPS estimate is $1.26 and the highest is $1.66. Bed Bath & Beyond posted earnings per share of $1.84 during the same quarter last year, which would indicate a negative year over year growth rate of 23.9%. The business is scheduled to report its next earnings results on Wednesday, April 4th.

According to Zacks, analysts expect that Bed Bath & Beyond will report full-year earnings of $3.00 per share for the current financial year, with EPS estimates ranging from $2.94 to $3.08. For the next financial year, analysts expect that the firm will post earnings of $2.80 per share, with EPS estimates ranging from $2.50 to $3.15. Zacks’ EPS calculations are a mean average based on a survey of sell-side research analysts that that provide coverage for Bed Bath & Beyond.

Bed Bath & Beyond (NASDAQ:BBBY) last released its quarterly earnings results on Wednesday, December 20th. The retailer reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.37 by $0.07. The company had revenue of $2.95 billion for the quarter, compared to analyst estimates of $2.90 billion. Bed Bath & Beyond had a return on equity of 19.07% and a net margin of 4.11%. The firm’s revenue was down 1.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.85 earnings per share.

BBBY has been the subject of a number of recent research reports. BidaskClub cut Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research note on Saturday, January 6th. Credit Suisse Group set a $25.00 price objective on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Thursday, December 21st. Wedbush set a $23.00 price objective on Bed Bath & Beyond and gave the company a “hold” rating in a research note on Wednesday, December 27th. TheStreet cut Bed Bath & Beyond from a “c” rating to a “d+” rating in a research note on Wednesday, December 20th. Finally, Morgan Stanley set a $22.00 price objective on Bed Bath & Beyond and gave the company a “sell” rating in a research note on Thursday, December 21st. Eight research analysts have rated the stock with a sell rating, fourteen have issued a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $26.24.

In related news, VP Matthew Fiorilli sold 16,957 shares of Bed Bath & Beyond stock in a transaction on Friday, December 28th. The stock was sold at an average price of $22.62, for a total value of $383,567.34. Following the completion of the sale, the vice president now owns 97,419 shares of the company’s stock, valued at $2,203,617.78. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 5.00% of the company’s stock.

Institutional investors and hedge funds have recently modified their holdings of the stock. Ffcm LLC grew its holdings in shares of Bed Bath & Beyond by 2,958.6% in the third quarter. Ffcm LLC now owns 4,435 shares of the retailer’s stock worth $104,000 after acquiring an additional 4,290 shares during the period. State of Alaska Department of Revenue bought a new stake in shares of Bed Bath & Beyond in the fourth quarter worth $180,000. Psagot Investment House Ltd. bought a new stake in shares of Bed Bath & Beyond in the third quarter worth $217,000. Los Angeles Capital Management & Equity Research Inc. bought a new stake in Bed Bath & Beyond during the third quarter valued at about $222,000. Finally, Carret Asset Management LLC grew its holdings in Bed Bath & Beyond by 20.1% during the second quarter. Carret Asset Management LLC now owns 10,060 shares of the retailer’s stock valued at $306,000 after purchasing an additional 1,685 shares during the period. 94.18% of the stock is owned by institutional investors.

Bed Bath & Beyond (NASDAQ:BBBY) opened at $23.72 on Friday. The stock has a market capitalization of $3,305.40, a price-to-earnings ratio of 6.82, a price-to-earnings-growth ratio of -3.86 and a beta of 1.09. Bed Bath & Beyond has a one year low of $19.07 and a one year high of $41.96. The company has a debt-to-equity ratio of 0.54, a quick ratio of 0.31 and a current ratio of 1.67.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 16th will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 2.53%. The ex-dividend date of this dividend is Thursday, March 15th. Bed Bath & Beyond’s payout ratio is currently 17.24%.

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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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