Bed Bath & Beyond (BBBY) Releases FY 2018 Earnings Guidance

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Bed Bath & Beyond (NASDAQ:BBBY) issued an update on its FY 2018 earnings guidance on Wednesday morning. The company provided earnings per share (EPS) guidance of $2.00-2.00 for the period, compared to the Thomson Reuters consensus estimate of $1.99. Bed Bath & Beyond also updated its FY19 guidance to approx $2.00 EPS.

A number of brokerages have issued reports on BBBY. Zacks Investment Research raised Bed Bath & Beyond from a strong sell rating to a buy rating and set a $15.00 target price for the company in a report on Tuesday, November 27th. Raymond James raised Bed Bath & Beyond from an underperform rating to a market perform rating in a report on Monday, September 17th. Wells Fargo & Co reaffirmed a sell rating and issued a $11.00 target price on shares of Bed Bath & Beyond in a report on Monday. Wedbush reiterated a neutral rating and issued a $15.00 price target on shares of Bed Bath & Beyond in a research report on Friday, January 4th. Finally, KeyCorp reduced their price target on Bed Bath & Beyond from $16.00 to $15.00 and set an underweight rating on the stock in a research report on Thursday, September 27th. Nine investment analysts have rated the stock with a sell rating, nine have given a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of Hold and an average price target of $14.31.

Shares of NASDAQ:BBBY opened at $12.26 on Thursday. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 3.93, a PEG ratio of 5.95 and a beta of 0.90. The company has a debt-to-equity ratio of 0.51, a quick ratio of 0.60 and a current ratio of 1.75. Bed Bath & Beyond has a 52-week low of $10.46 and a 52-week high of $24.08.

Bed Bath & Beyond (NASDAQ:BBBY) last announced its quarterly earnings results on Wednesday, January 9th. The retailer reported $0.18 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.01. The business had revenue of $3.03 billion for the quarter, compared to analyst estimates of $3.04 billion. Bed Bath & Beyond had a return on equity of 12.52% and a net margin of 2.81%. The company’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. Equities research analysts anticipate that Bed Bath & Beyond will post 2.01 earnings per share for the current year.

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Bed Bath & Beyond Company Profile

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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