Best Buy (NYSE:BBY) Releases FY 2025 Earnings Guidance

Best Buy (NYSE:BBY) issued an update on its FY 2025 earnings guidance on Tuesday morning. The company provided earnings per share guidance of 6.100-6.250 for the period, compared to the consensus earnings per share estimate of 6.270. The company issued revenue guidance of $41.1 billion-$41.5 billion, compared to the consensus revenue estimate of $41.6 billion. Best Buy also updated its FY25 guidance to $6.10-6.25 EPS.

Wall Street Analyst Weigh In

Several research analysts recently commented on BBY shares. Truist Financial reduced their target price on Best Buy from $107.00 to $95.00 and set a “hold” rating for the company in a research report on Wednesday. DA Davidson reiterated a “buy” rating and set a $117.00 target price on shares of Best Buy in a research report on Tuesday, October 15th. Wedbush increased their price target on shares of Best Buy from $85.00 to $95.00 and gave the stock a “neutral” rating in a research report on Friday, August 30th. JPMorgan Chase & Co. lifted their price objective on Best Buy from $111.00 to $117.00 and gave the company an “overweight” rating in a report on Friday, November 22nd. Finally, Bank of America increased their target price on Best Buy from $70.00 to $80.00 and gave the stock an “underperform” rating in a report on Friday, August 30th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $100.82.

Best Buy Price Performance

NYSE BBY opened at $88.15 on Thursday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 1.01. Best Buy has a 52-week low of $68.67 and a 52-week high of $103.71. The business has a 50 day simple moving average of $94.16 and a 200 day simple moving average of $89.07. The stock has a market cap of $18.93 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 2.44 and a beta of 1.47.

Best Buy (NYSE:BBY) last posted its quarterly earnings data on Thursday, August 29th. The technology retailer reported $1.34 EPS for the quarter, beating the consensus estimate of $1.16 by $0.18. The business had revenue of $9.29 billion for the quarter, compared to analysts’ expectations of $9.23 billion. Best Buy had a net margin of 2.96% and a return on equity of 47.19%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.22 EPS. Analysts anticipate that Best Buy will post 6.28 earnings per share for the current fiscal year.

Best Buy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th will be given a dividend of $0.94 per share. The ex-dividend date of this dividend is Tuesday, December 17th. This represents a $3.76 annualized dividend and a dividend yield of 4.27%. Best Buy’s dividend payout ratio is currently 64.83%.

About Best Buy

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.