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%.

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

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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).

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

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