Best Buy (BBY) Set to Announce Earnings on Tuesday

Best Buy (NYSE:BBY) will release its earnings data before the market opens on Tuesday, November 26th. Analysts expect Best Buy to post earnings of $1.30 per share for the quarter. Best Buy has set its FY 2025 guidance at 6.100-6.350 EPS and its FY25 guidance at $6.10-$6.35 EPS.Persons interested in registering for the company’s earnings conference call can do so using this link.

Best Buy (NYSE:BBY) last announced its earnings results on Thursday, August 29th. The technology retailer reported $1.34 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.18. The firm had revenue of $9.29 billion for the quarter, compared to analyst estimates of $9.23 billion. Best Buy had a return on equity of 47.19% and a net margin of 2.96%. The business’s revenue was down 3.1% on a year-over-year basis. During the same quarter last year, the firm posted $1.22 EPS. On average, analysts expect Best Buy to post $6 EPS for the current fiscal year and $7 EPS for the next fiscal year.

Best Buy Stock Performance

NYSE:BBY opened at $89.54 on Friday. The company has a fifty day moving average of $94.72 and a two-hundred day moving average of $88.73. Best Buy has a fifty-two week low of $67.80 and a fifty-two week high of $103.71. The stock has a market capitalization of $19.23 billion, a PE ratio of 15.44, a P/E/G ratio of 2.26 and a beta of 1.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 1.01.

Best Buy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 19th were paid a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Thursday, September 19th. Best Buy’s dividend payout ratio is presently 64.83%.

Analyst Ratings Changes

A number of brokerages have commented on BBY. BNP Paribas raised Best Buy to a “strong-buy” rating in a report on Thursday, August 29th. Loop Capital increased their price objective on Best Buy from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Friday, August 30th. JPMorgan Chase & Co. lifted their target price on shares of Best Buy from $111.00 to $117.00 and gave the stock an “overweight” rating in a research note on Friday. Melius Research began coverage on shares of Best Buy in a research report on Monday, September 23rd. They issued a “hold” rating and a $100.00 target price for the company. Finally, Truist Financial raised their price target on shares of Best Buy from $86.00 to $107.00 and gave the stock a “hold” rating in a research note on Friday, August 30th. One analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $103.71.

Best Buy Company Profile

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.