Beyond (NYSE:BYON) Issues Quarterly Earnings Results, Beats Estimates By $0.13 EPS

Beyond (NYSE:BYON) announced its quarterly earnings data on Monday. The company reported ($0.76) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.89) by $0.13, Briefing.com reports. Beyond had a negative return on equity of 44.66% and a negative net margin of 22.03%. The company had revenue of $398.10 million for the quarter, compared to analyst estimates of $381.74 million. During the same quarter last year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was down 5.7% on a year-over-year basis.

Beyond Trading Down 3.5 %

Shares of BYON traded down $0.43 during trading on Wednesday, reaching $11.83. 507,480 shares of the company traded hands, compared to its average volume of 1,767,990. The stock has a 50-day simple moving average of $13.93 and a 200-day simple moving average of $22.08. The company has a quick ratio of 1.19, a current ratio of 1.24 and a debt-to-equity ratio of 0.12. Beyond has a twelve month low of $11.72 and a twelve month high of $39.27. The stock has a market cap of $541.22 million, a PE ratio of -1.50 and a beta of 3.70.

Insider Buying and Selling

In other news, Director Joseph J. Tabacco, Jr. bought 12,400 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average price of $16.01 per share, with a total value of $198,524.00. Following the completion of the transaction, the director now directly owns 97,458 shares in the company, valued at $1,560,302.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Beyond news, Director Joseph J. Tabacco, Jr. purchased 12,400 shares of the business’s stock in a transaction on Wednesday, May 8th. The shares were bought at an average cost of $16.01 per share, for a total transaction of $198,524.00. Following the completion of the purchase, the director now directly owns 97,458 shares of the company’s stock, valued at $1,560,302.58. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Chairman Marcus Lemonis acquired 17,075 shares of the stock in a transaction dated Thursday, June 6th. The stock was acquired at an average cost of $14.61 per share, with a total value of $249,465.75. Following the purchase, the chairman now owns 186,973 shares of the company’s stock, valued at approximately $2,731,675.53. The disclosure for this purchase can be found here. In the last quarter, insiders purchased 40,095 shares of company stock valued at $596,237. Company insiders own 1.20% of the company’s stock.

Analysts Set New Price Targets

BYON has been the subject of a number of recent research reports. Barclays reduced their target price on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Needham & Company LLC reiterated a “hold” rating on shares of Beyond in a report on Monday, May 20th. Bank of America lowered their target price on Beyond from $15.50 to $15.00 and set a “neutral” rating on the stock in a report on Wednesday. Wedbush reaffirmed an “outperform” rating and issued a $37.00 price target on shares of Beyond in a report on Wednesday, July 24th. Finally, Piper Sandler lowered their price objective on Beyond from $26.00 to $17.00 and set a “neutral” rating on the stock in a research note on Wednesday, May 8th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $29.43.

About Beyond

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.