William Blair Weighs in on Bed Bath & Beyond Inc.’s Q1 2020 Earnings (BBBY)

Share on StockTwits

Bed Bath & Beyond Inc. (NASDAQ:BBBY) – Analysts at William Blair decreased their Q1 2020 earnings per share (EPS) estimates for Bed Bath & Beyond in a research report issued on Thursday, April 11th. William Blair analyst D. Hofkin now anticipates that the retailer will post earnings per share of $0.12 for the quarter, down from their prior estimate of $0.29. William Blair also issued estimates for Bed Bath & Beyond’s Q3 2020 earnings at $0.08 EPS.

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

Other research analysts have also recently issued reports about the company. Raymond James raised Bed Bath & Beyond from an “outperform” rating to a “strong-buy” rating and set a $20.00 target price for the company in a research note on Tuesday, March 26th. Zacks Investment Research raised Bed Bath & Beyond from a “sell” rating to a “hold” rating in a research note on Thursday, March 28th. Loop Capital boosted their target price on Bed Bath & Beyond to $16.00 and gave the company an “average” rating in a research note on Friday, March 29th. Morgan Stanley raised Bed Bath & Beyond from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $13.00 to $20.00 in a research note on Friday, April 5th. Finally, UBS Group boosted their target price on Bed Bath & Beyond from $13.00 to $18.00 and gave the company a “neutral” rating in a research note on Thursday, April 11th. Three analysts have rated the stock with a sell rating, fifteen have given a hold rating, three have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $17.61.

NASDAQ:BBBY opened at $16.88 on Monday. Bed Bath & Beyond has a 1 year low of $10.46 and a 1 year high of $21.44. The company has a quick ratio of 0.55, a current ratio of 1.86 and a debt-to-equity ratio of 0.58. The stock has a market capitalization of $2.48 billion, a price-to-earnings ratio of 8.23, a price-to-earnings-growth ratio of 6.07 and a beta of 1.16.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 16th. Stockholders of record on Friday, June 14th will be given a dividend of $0.17 per share. This is a boost from Bed Bath & Beyond’s previous quarterly dividend of $0.16. This represents a $0.68 annualized dividend and a dividend yield of 4.03%. The ex-dividend date of this dividend is Thursday, June 13th. Bed Bath & Beyond’s dividend payout ratio is currently 31.22%.

Several hedge funds have recently bought and sold shares of the company. Benjamin F. Edwards & Company Inc. boosted its position in shares of Bed Bath & Beyond by 29.0% during the fourth quarter. Benjamin F. Edwards & Company Inc. now owns 3,276 shares of the retailer’s stock worth $37,000 after buying an additional 737 shares during the period. Caption Management LLC boosted its position in shares of Bed Bath & Beyond by 3.6% during the fourth quarter. Caption Management LLC now owns 29,000 shares of the retailer’s stock worth $329,000 after buying an additional 1,000 shares during the period. Greenwich Wealth Management LLC boosted its position in Bed Bath & Beyond by 6.2% during the fourth quarter. Greenwich Wealth Management LLC now owns 18,800 shares of the retailer’s stock valued at $213,000 after purchasing an additional 1,100 shares during the last quarter. CSat Investment Advisory L.P. boosted its position in Bed Bath & Beyond by 7.3% during the fourth quarter. CSat Investment Advisory L.P. now owns 24,048 shares of the retailer’s stock valued at $272,000 after purchasing an additional 1,640 shares during the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Bed Bath & Beyond by 5.4% during the fourth quarter. Thrivent Financial for Lutherans now owns 35,592 shares of the retailer’s stock valued at $403,000 after purchasing an additional 1,814 shares during the last quarter. 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.

See Also: What is a Leveraged Buyout (LBO)?

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

Receive News & Ratings for Bed Bath & Beyond Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond and related companies with MarketBeat.com's FREE daily email newsletter.



Latest News

$267.75 Million in Sales Expected for Albany International Corp.  This Quarter
$267.75 Million in Sales Expected for Albany International Corp. This Quarter
Conagra Brands Inc  Expected to Post Quarterly Sales of $2.48 Billion
Conagra Brands Inc Expected to Post Quarterly Sales of $2.48 Billion
Paypex Price Tops $0.0193
Paypex Price Tops $0.0193
Zacks: Brokerages Anticipate Domtar Corp  to Post $0.89 Earnings Per Share
Zacks: Brokerages Anticipate Domtar Corp to Post $0.89 Earnings Per Share
ZEON  Trading Down 72.6% This Week
ZEON Trading Down 72.6% This Week
Invesco Emerging Markets Debt Defensive ETF  Trading Up 0%
Invesco Emerging Markets Debt Defensive ETF Trading Up 0%


 
© 2006-2019 Zolmax.