Bed Bath & Beyond (BBBY) Issues Earnings Results
Bed Bath & Beyond (NASDAQ:BBBY) released its quarterly earnings results on Wednesday. The retailer reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.37 by $0.07, Briefing.com reports. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.90 billion. Bed Bath & Beyond had a net margin of 4.64% and a return on equity of 21.74%. Bed Bath & Beyond’s revenue for the quarter was down 1.4% on a year-over-year basis. During the same quarter last year, the firm earned $0.85 EPS. Bed Bath & Beyond updated its FY18 guidance to about $3.00 EPS.
Bed Bath & Beyond (BBBY) traded up $0.60 during trading hours on Wednesday, reaching $24.57. 9,645,324 shares of the company were exchanged, compared to its average volume of 3,422,796. Bed Bath & Beyond has a 1-year low of $19.07 and a 1-year high of $47.05. The company has a quick ratio of 0.33, a current ratio of 1.77 and a debt-to-equity ratio of 0.55. The firm has a market cap of $3,430.00, a price-to-earnings ratio of 5.87 and a beta of 1.10.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 17th. Investors of record on Friday, March 16th will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 2.44%. Bed Bath & Beyond’s payout ratio is presently 15.42%.
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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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