Bed Bath & Beyond (NASDAQ:BBBY) Releases FY 2019 Earnings Guidance

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Bed Bath & Beyond (NASDAQ:BBBY) issued an update on its FY 2019 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.11-2.11 for the period, compared to the Thomson Reuters consensus estimate of $1.98. The company issued revenue guidance of $11.4-11.4 billion, compared to the consensus revenue estimate of $11.48 billion.

Shares of Bed Bath & Beyond stock opened at $10.89 on Friday. The company has a quick ratio of 0.62, a current ratio of 1.52 and a debt-to-equity ratio of 1.58. Bed Bath & Beyond has a 52 week low of $10.43 and a 52 week high of $20.38. The firm has a 50 day moving average price of $12.11. The firm has a market capitalization of $1.43 billion, a PE ratio of 6.01, a PEG ratio of 5.91 and a beta of 1.19.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its earnings results on Wednesday, July 10th. The retailer reported $0.12 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.08 by $0.04. The company had revenue of $2.57 billion for the quarter, compared to analysts’ expectations of $2.58 billion. Bed Bath & Beyond had a positive return on equity of 9.49% and a negative net margin of 4.66%. Bed Bath & Beyond’s quarterly revenue was down 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. As a group, analysts expect that Bed Bath & Beyond will post 1.89 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 15th. Investors of record on Friday, September 13th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, September 12th. This represents a $0.68 dividend on an annualized basis and a yield of 6.24%. Bed Bath & Beyond’s dividend payout ratio (DPR) is currently 33.17%.

BBBY has been the topic of a number of recent analyst reports. Raymond James reiterated a hold rating and set a $19.50 price target on shares of in a report on Friday. Wells Fargo & Co reiterated a sell rating on shares of American States Water in a report on Tuesday, March 26th. Evercore ISI initiated coverage on Polarityte in a report on Wednesday, March 20th. They set an outperform rating and a $26.00 price target on the stock. KeyCorp upgraded Bed Bath & Beyond from an underweight rating to a sector weight rating in a report on Tuesday, March 26th. Finally, JPMorgan Chase & Co. reiterated a sell rating on shares of Rolls-Royce Motor Cars in a report on Tuesday, March 26th. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of Hold and an average price target of $15.55.

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.

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

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