Best Buy (NYSE:BBY) Releases FY 2026 Earnings Guidance

Best Buy (NYSE:BBY) issued an update on its FY 2026 earnings guidance on Tuesday morning. The company provided earnings per share (EPS) guidance of 6.200-6.600 for the period, compared to the consensus estimate of 6.600. The company issued revenue guidance of $41.4 billion-$42.2 billion, compared to the consensus revenue estimate of $41.8 billion.

Best Buy Stock Performance

Best Buy stock opened at $75.40 on Wednesday. The company has a quick ratio of 0.22, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. The stock has a market cap of $16.12 billion, a PE ratio of 12.89, a P/E/G ratio of 2.10 and a beta of 1.43. Best Buy has a 12-month low of $69.29 and a 12-month high of $103.71. The business’s 50-day moving average price is $86.20 and its two-hundred day moving average price is $90.62.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Tuesday, March 4th. The technology retailer reported $2.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.40 by $0.18. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. The business had revenue of $13.95 billion during the quarter, compared to analysts’ expectations of $13.69 billion. During the same period in the prior year, the company earned $2.72 EPS. As a group, analysts expect that Best Buy will post 6.18 earnings per share for the current fiscal year.

Best Buy Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, March 25th will be paid a $0.95 dividend. This represents a $3.80 dividend on an annualized basis and a dividend yield of 5.04%. This is a boost from Best Buy’s previous quarterly dividend of $0.94. Best Buy’s dividend payout ratio is presently 64.27%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Wedbush reaffirmed a “neutral” rating and issued a $90.00 target price on shares of Best Buy in a report on Monday. Telsey Advisory Group reaffirmed an “outperform” rating and issued a $110.00 price objective on shares of Best Buy in a research note on Thursday, February 27th. Truist Financial cut their target price on shares of Best Buy from $107.00 to $95.00 and set a “hold” rating on the stock in a research report on Wednesday, November 27th. Wells Fargo & Company reissued an “equal weight” rating on shares of Best Buy in a research note on Friday. Finally, Citigroup dropped their price target on shares of Best Buy from $109.00 to $101.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Best Buy has an average rating of “Moderate Buy” and a consensus target price of $101.33.

Insider Buying and Selling

In other news, CFO Matthew M. Bilunas sold 69,166 shares of the business’s stock in a transaction dated Wednesday, December 11th. The stock was sold at an average price of $87.46, for a total value of $6,049,258.36. Following the completion of the sale, the chief financial officer now owns 92,070 shares of the company’s stock, valued at approximately $8,052,442.20. The trade was a 42.90 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.59% of the stock is currently owned by insiders.

About Best Buy

Best Buy Co, Inc engages in the retail of technology products in the United States, Canada, and international. Its stores provide computing and mobile phone products, such as desktops, notebooks, and peripherals; mobile phones comprising related mobile network carrier commissions; networking products; tablets covering e-readers; smartwatches; and consumer electronics consisting of digital imaging, health and fitness products, portable audio comprising headphones and portable speakers, and smart home products, as well as home theaters, which includes home theater accessories, soundbars, and televisions.