Best Buy (NYSE:BBY) Updates FY25 Earnings Guidance

Best Buy (NYSE:BBY) updated its FY25 earnings guidance on Tuesday. The company provided EPS guidance of $6.10-6.25 for the period, compared to the consensus EPS estimate of $6.26. The company issued revenue guidance of $41.1-41.5 billion, compared to the consensus revenue estimate of $41.54 billion. Best Buy also updated its FY 2025 guidance to 6.100-6.250 EPS.

Best Buy Price Performance

Shares of BBY opened at $88.17 on Friday. Best Buy has a 52 week low of $68.67 and a 52 week high of $103.71. The company has a current ratio of 1.01, a quick ratio of 0.34 and a debt-to-equity ratio of 0.37. The firm 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. The stock has a 50 day moving average of $93.96 and a 200-day moving average of $89.06.

Best Buy (NYSE:BBY) last released its quarterly earnings data on Thursday, August 29th. The technology retailer reported $1.34 EPS for the quarter, topping analysts’ consensus estimates of $1.16 by $0.18. The firm had revenue of $9.29 billion during the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.22 earnings per share. As a group, analysts forecast that Best Buy will post 6.28 EPS for the current year.

Best Buy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Stockholders of record on Tuesday, December 17th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 4.26%. The ex-dividend date is Tuesday, December 17th. Best Buy’s dividend payout ratio (DPR) is presently 64.83%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on BBY. Wedbush boosted their price objective on Best Buy from $85.00 to $95.00 and gave the company a “neutral” rating in a research report on Friday, August 30th. Bank of America upped their price target on shares of Best Buy from $70.00 to $80.00 and gave the stock an “underperform” rating in a research report on Friday, August 30th. Telsey Advisory Group cut their price objective on shares of Best Buy from $115.00 to $110.00 and set an “outperform” rating on the stock in a research report on Tuesday. JPMorgan Chase & Co. upped their target price on shares of Best Buy from $111.00 to $117.00 and gave the stock an “overweight” rating in a research report on Friday, November 22nd. Finally, UBS Group cut their price target on Best Buy from $123.00 to $115.00 and set a “buy” rating on the stock in a report on Wednesday. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Best Buy presently has a consensus rating of “Moderate Buy” and a consensus price target of $100.82.

Best Buy Company Profile

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.