Best Buy (BBY) Scheduled to Post Quarterly Earnings on Tuesday

Best Buy (NYSE:BBY) is scheduled to 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 that are interested in participating in the company’s earnings conference call can do so using this link.

Best Buy (NYSE:BBY) last posted its quarterly earnings results on Thursday, August 29th. The technology retailer reported $1.34 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.18. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.23 billion. Best Buy had a return on equity of 47.19% and a net margin of 2.96%. The firm’s revenue for the quarter was down 3.1% compared to the same quarter last year. During the same period in the prior year, the company 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 Trading Down 3.9 %

Best Buy stock opened at $89.00 on Tuesday. Best Buy has a 1 year low of $62.92 and a 1 year high of $103.71. The firm’s 50 day moving average price is $95.52 and its 200-day moving average price is $88.45. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.01 and a quick ratio of 0.34. The stock has a market cap of $19.11 billion, a P/E ratio of 15.34, a PEG ratio of 2.43 and a beta of 1.47.

Best Buy Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 19th were issued a $0.94 dividend. The ex-dividend date of this dividend was Thursday, September 19th. This represents a $3.76 dividend on an annualized basis and a yield of 4.22%. Best Buy’s dividend payout ratio is currently 64.83%.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on BBY. Truist Financial raised their price objective on Best Buy from $86.00 to $107.00 and gave the company a “hold” rating in a research report on Friday, August 30th. StockNews.com cut Best Buy from a “buy” rating to a “hold” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on Best Buy from $101.00 to $111.00 and gave the stock an “overweight” rating in a report on Friday, August 30th. Loop Capital raised their target price on shares of Best Buy from $100.00 to $110.00 and gave the company a “buy” rating in a report on Friday, August 30th. Finally, Wells Fargo & Company upped their price target on shares of Best Buy from $80.00 to $95.00 and gave the company an “equal weight” rating in a research note on Friday, August 30th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $103.35.

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.