Bed Bath & Beyond (BBBY) Issues FY18 Earnings Guidance

Bed Bath & Beyond (NASDAQ:BBBY) issued an update on its FY18 earnings guidance on Wednesday morning. The company provided EPS guidance of about $3.00 for the period, compared to the Thomson Reuters consensus EPS estimate of $3.12.

A number of equities analysts have commented on the stock. Wedbush set a $23.00 target price on shares of Bed Bath & Beyond and gave the stock a hold rating in a report on Thursday. Loop Capital set a $23.00 target price on shares of Bed Bath & Beyond and gave the stock a hold rating in a report on Thursday. Jefferies Group reduced their target price on shares of Bed Bath & Beyond to $25.00 and set an underperform rating for the company in a report on Friday. BidaskClub upgraded shares of Bed Bath & Beyond from a sell rating to a hold rating in a report on Thursday. Finally, Barclays reduced their target price on shares of Bed Bath & Beyond from $30.00 to $25.00 and set an equal weight rating for the company in a report on Thursday. Eight equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have assigned a buy rating to the company. The company presently has an average rating of Hold and an average target price of $26.24.

Shares of Bed Bath & Beyond (BBBY) opened at $21.50 on Friday. Bed Bath & Beyond has a 52 week low of $19.07 and a 52 week high of $44.29. The firm has a market capitalization of $3,593.95, a PE ratio of 6.81 and a beta of 1.10. The company has a current ratio of 1.77, a quick ratio of 0.33 and a debt-to-equity ratio of 0.55.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its earnings results on Wednesday, December 20th. The retailer reported $0.44 EPS for the quarter, beating the Zacks’ consensus estimate of $0.37 by $0.07. The firm 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 19.15% and a net margin of 4.11%. Bed Bath & Beyond’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.85 earnings per share. research analysts forecast that Bed Bath & Beyond will post 2.98 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 16th will be given a $0.15 dividend. The ex-dividend date is Thursday, March 15th. This represents a $0.60 dividend on an annualized basis and a yield of 2.79%. Bed Bath & Beyond’s dividend 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).

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

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