Analysts expect Bed Bath & Beyond Inc. (NASDAQ:BBBY) to post earnings per share (EPS) of $0.36 for the current quarter, according to Zacks Investment Research. Eight analysts have provided estimates for Bed Bath & Beyond’s earnings, with estimates ranging from $0.34 to $0.39. Bed Bath & Beyond reported earnings per share of $0.85 during the same quarter last year, which would indicate a negative year-over-year growth rate of 57.6%. The company is expected to issue its next quarterly earnings report after the market closes on Wednesday, December 20th.

According to Zacks, analysts expect that Bed Bath & Beyond will report full year earnings of $2.98 per share for the current financial year, with EPS estimates ranging from $2.91 to $3.00. For the next financial year, analysts expect that the business will post earnings of $2.66 per share, with EPS estimates ranging from $2.35 to $3.00. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of sell-side analysts that cover Bed Bath & Beyond.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Tuesday, September 19th. The retailer reported $0.67 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.95 by ($0.28). Bed Bath & Beyond had a return on equity of 21.74% and a net margin of 4.64%. The firm had revenue of $2.94 billion for the quarter, compared to analysts’ expectations of $3.01 billion. During the same quarter last year, the firm posted $1.11 earnings per share. Bed Bath & Beyond’s quarterly revenue was down 1.7% on a year-over-year basis.

A number of equities research analysts have recently issued reports on BBBY shares. Zacks Investment Research upgraded Bed Bath & Beyond from a “hold” rating to a “buy” rating and set a $31.00 price target for the company in a research report on Tuesday, September 5th. UBS restated a “neutral” rating and issued a $30.00 price target (down from $33.00) on shares of Bed Bath & Beyond in a research report on Thursday, September 14th. Telsey Advisory Group dropped their price target on Bed Bath & Beyond from $32.00 to $21.00 and set a “market perform” rating for the company in a research report on Wednesday, September 20th. BidaskClub lowered Bed Bath & Beyond from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 24th. Finally, Jefferies Group restated a “hold” rating and issued a $25.00 price target (down from $34.00) on shares of Bed Bath & Beyond in a research report on Thursday, September 21st. Nine investment analysts have rated the stock with a sell rating, fourteen have given a hold rating and two have assigned a buy rating to the stock. The stock has an average rating of “Hold” and an average price target of $27.88.

A number of institutional investors have recently modified their holdings of BBBY. Municipal Employees Retirement System of Michigan grew its position in Bed Bath & Beyond by 10.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 15,770 shares of the retailer’s stock worth $480,000 after acquiring an additional 1,490 shares during the period. Janney Montgomery Scott LLC lifted its stake in Bed Bath & Beyond by 15.2% during the second quarter. Janney Montgomery Scott LLC now owns 12,985 shares of the retailer’s stock worth $395,000 after purchasing an additional 1,715 shares in the last quarter. Cigna Investments Inc. New lifted its stake in Bed Bath & Beyond by 62.7% during the second quarter. Cigna Investments Inc. New now owns 10,246 shares of the retailer’s stock worth $313,000 after purchasing an additional 3,947 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in Bed Bath & Beyond by 8.8% during the second quarter. Schwab Charles Investment Management Inc. now owns 910,413 shares of the retailer’s stock worth $27,677,000 after purchasing an additional 73,791 shares in the last quarter. Finally, Teacher Retirement System of Texas lifted its stake in Bed Bath & Beyond by 106.4% during the second quarter. Teacher Retirement System of Texas now owns 34,797 shares of the retailer’s stock worth $1,058,000 after purchasing an additional 17,939 shares in the last quarter. Institutional investors own 91.72% of the company’s stock.

Bed Bath & Beyond (BBBY) traded up $0.36 during trading hours on Friday, reaching $23.97. The company’s stock had a trading volume of 5,732,100 shares, compared to its average volume of 3,422,796. Bed Bath & Beyond has a 52 week low of $19.07 and a 52 week high of $47.05. The company has a current ratio of 1.77, a quick ratio of 0.33 and a debt-to-equity ratio of 0.55. The stock has a market cap of $3,430.00, a price-to-earnings ratio of 5.87 and a beta of 1.10.

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Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc is a retailer, which operates under the names Bed Bath & Beyond (BBB), Christmas Tree Shops, Christmas Tree Shops andThat! or andThat! (collectively, CTS), Harmon or Harmon Face Values (collectively, Harmon), buybuy BABY (Baby) and World Market, Cost Plus World Market or Cost Plus (collectively, Cost Plus World Market).

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

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