Bed Bath & Beyond Inc. to Post Q1 2020 Earnings of $0.10 Per Share, KeyCorp Forecasts (BBBY)

Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Investment analysts at KeyCorp issued their Q1 2020 earnings per share (EPS) estimates for shares of Bed Bath & Beyond in a report issued on Wednesday, April 10th. KeyCorp analyst B. Thomas expects that the retailer will earn $0.10 per share for the quarter. KeyCorp currently has a “Sector Weight” rating on the stock. KeyCorp also issued estimates for Bed Bath & Beyond’s Q4 2020 earnings at $1.32 EPS, FY2020 earnings at $2.05 EPS and FY2021 earnings at $2.25 EPS.

Bed Bath & Beyond (NASDAQ:BBBY) last issued its quarterly earnings results on Wednesday, April 10th. The retailer reported $1.20 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.11 by $0.09. Bed Bath & Beyond had a negative net margin of 1.14% and a positive return on equity of 9.77%. The company had revenue of $3.31 billion during the quarter, compared to the consensus estimate of $3.33 billion. During the same period in the prior year, the company earned $1.48 EPS.

BBBY has been the subject of a number of other reports. Wedbush upped their price target on shares of Bed Bath & Beyond from $14.00 to $19.00 and gave the company a “neutral” rating in a report on Thursday, April 11th. Wells Fargo & Co reissued a “sell” rating and issued a $11.00 price target on shares of Bed Bath & Beyond in a report on Monday, January 7th. Telsey Advisory Group reissued a “market perform” rating and issued a $13.00 price target (down from $16.00) on shares of Bed Bath & Beyond in a report on Friday, January 4th. Zacks Investment Research downgraded shares of Bed Bath & Beyond from a “hold” rating to a “strong sell” rating in a report on Wednesday, January 9th. Finally, BidaskClub downgraded shares of Bed Bath & Beyond from a “hold” rating to a “sell” rating in a report on Thursday, March 21st. Four equities research analysts have rated the stock with a sell rating, fourteen have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $17.61.

Shares of NASDAQ BBBY opened at $17.29 on Monday. Bed Bath & Beyond has a twelve month low of $10.46 and a twelve month high of $21.44. The company has a debt-to-equity ratio of 0.58, a current ratio of 1.86 and a quick ratio of 0.63. The stock has a market capitalization of $2.33 billion, a price-to-earnings ratio of 8.43, a price-to-earnings-growth ratio of 9.10 and a beta of 1.15.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Shareholders of record on Friday, June 14th will be paid a dividend of $0.17 per share. The ex-dividend date is Thursday, June 13th. This is a positive change from Bed Bath & Beyond’s previous quarterly dividend of $0.16. This represents a $0.68 dividend on an annualized basis and a yield of 3.93%. Bed Bath & Beyond’s dividend payout ratio is currently 31.22%.

A number of hedge funds have recently bought and sold shares of BBBY. Bank of New York Mellon Corp lifted its stake in Bed Bath & Beyond by 1.2% during the third quarter. Bank of New York Mellon Corp now owns 2,673,715 shares of the retailer’s stock valued at $40,107,000 after buying an additional 32,023 shares in the last quarter. Martingale Asset Management L P increased its holdings in shares of Bed Bath & Beyond by 52.6% in the 3rd quarter. Martingale Asset Management L P now owns 114,190 shares of the retailer’s stock valued at $1,713,000 after purchasing an additional 39,338 shares during the period. Credit Suisse AG increased its holdings in shares of Bed Bath & Beyond by 1.6% in the 3rd quarter. Credit Suisse AG now owns 314,389 shares of the retailer’s stock valued at $4,715,000 after purchasing an additional 4,989 shares during the period. Renaissance Technologies LLC increased its holdings in shares of Bed Bath & Beyond by 1,688.8% in the 3rd quarter. Renaissance Technologies LLC now owns 1,280,060 shares of the retailer’s stock valued at $19,201,000 after purchasing an additional 1,208,502 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its holdings in shares of Bed Bath & Beyond by 14.8% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 40,481 shares of the retailer’s stock valued at $607,000 after purchasing an additional 5,208 shares during the period. 97.48% of the stock is owned by institutional investors.

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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