Brokerages Anticipate Bed Bath & Beyond Inc. (BBBY) Will Post Earnings of $0.17 Per Share

Wall Street analysts expect Bed Bath & Beyond Inc. (NASDAQ:BBBY) to announce earnings per share of $0.17 for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Bed Bath & Beyond’s earnings, with the lowest EPS estimate coming in at $0.09 and the highest estimate coming in at $0.21. Bed Bath & Beyond reported earnings per share of $0.44 in the same quarter last year, which would suggest a negative year over year growth rate of 61.4%. The company is expected to announce its next earnings results on Wednesday, December 19th.

According to Zacks, analysts expect that Bed Bath & Beyond will report full-year earnings of $1.99 per share for the current fiscal year, with EPS estimates ranging from $1.92 to $2.04. For the next fiscal year, analysts forecast that the business will post earnings of $1.57 per share, with EPS estimates ranging from $1.15 to $1.80. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that that provide coverage for Bed Bath & Beyond.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings data on Wednesday, September 26th. The retailer reported $0.36 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.49 by ($0.13). The company had revenue of $2.94 billion during the quarter, compared to analyst estimates of $2.96 billion. Bed Bath & Beyond had a net margin of 2.81% and a return on equity of 12.52%. Bed Bath & Beyond’s revenue was up .0% on a year-over-year basis. During the same period in the prior year, the firm earned $0.77 earnings per share.

Several brokerages have recently issued reports on BBBY. BidaskClub lowered Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research note on Saturday, August 4th. Standpoint Research lowered Bed Bath & Beyond from a “buy” rating to a “hold” rating in a research note on Tuesday, August 14th. Zacks Investment Research lowered Bed Bath & Beyond from a “hold” rating to a “sell” rating in a research report on Tuesday, August 28th. Wedbush set a $18.00 price objective on Bed Bath & Beyond and gave the stock a “hold” rating in a research report on Thursday, September 13th. Finally, Raymond James upgraded Bed Bath & Beyond from an “underperform” rating to a “market perform” rating in a research report on Monday, September 17th. Ten research analysts have rated the stock with a sell rating and eleven have given a hold rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $16.64.

NASDAQ BBBY traded down $0.12 during midday trading on Thursday, hitting $12.38. The company had a trading volume of 56,762 shares, compared to its average volume of 4,231,538. The stock has a market capitalization of $1.75 billion, a PE ratio of 3.95, a P/E/G ratio of 6.31 and a beta of 0.94. The company has a debt-to-equity ratio of 0.51, a current ratio of 1.75 and a quick ratio of 0.60. Bed Bath & Beyond has a twelve month low of $12.28 and a twelve month high of $24.74.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 15th. Shareholders of record on Friday, December 14th will be given a $0.16 dividend. The ex-dividend date is Thursday, December 13th. This represents a $0.64 dividend on an annualized basis and a dividend yield of 5.17%. Bed Bath & Beyond’s dividend payout ratio (DPR) is presently 20.51%.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Signaturefd LLC grew its position in shares of Bed Bath & Beyond by 124.8% in the 2nd quarter. Signaturefd LLC now owns 5,930 shares of the retailer’s stock valued at $118,000 after buying an additional 3,292 shares during the last quarter. Ardsley Advisory Partners bought a new stake in shares of Bed Bath & Beyond in the 2nd quarter valued at about $199,000. Commonwealth Equity Services LLC bought a new stake in shares of Bed Bath & Beyond in the 2nd quarter valued at about $205,000. DRW Securities LLC bought a new stake in shares of Bed Bath & Beyond in the 2nd quarter valued at about $229,000. Finally, Wedbush Securities Inc. bought a new stake in shares of Bed Bath & Beyond in the 2nd quarter valued at about $233,000. Hedge funds and other institutional investors own 96.16% of the company’s stock.

About Bed Bath & Beyond

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

Further Reading: Cost of Equity For A Business, Investors

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

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