Bed Bath & Beyond (BBBY) Updates FY19 Earnings Guidance

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

Several equities research analysts recently weighed in on the company. Zacks Investment Research upgraded 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 upgraded Bed Bath & Beyond from an underperform rating to a market perform rating in a report on Monday, September 17th. Wells Fargo & Co restated a sell rating and set 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 objective on shares of Bed Bath & Beyond in a report on Friday, January 4th. Finally, KeyCorp dropped their price objective on Bed Bath & Beyond from $16.00 to $15.00 and set an underweight rating for the company in a report on Thursday, September 27th. Nine equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the company. The company has a consensus rating of Hold and an average target price of $14.31.

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

Bed Bath & Beyond (NASDAQ:BBBY) last released its earnings results on Wednesday, January 9th. The retailer reported $0.18 EPS for the quarter, beating the Zacks’ consensus estimate of $0.17 by $0.01. The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.04 billion. Bed Bath & Beyond had a return on equity of 12.52% and a net margin of 2.81%. The firm’s revenue for the quarter was up 2.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 EPS. As a group, research analysts expect that Bed Bath & Beyond will post 2.01 earnings per share for the current year.

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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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