Best Buy (NYSE:BBY) Issues 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 Stock Performance

Shares of BBY stock opened at $88.50 on Wednesday. The stock has a market cap of $19.00 billion, a P/E ratio of 15.26, a P/E/G ratio of 2.44 and a beta of 1.47. The company has a fifty day moving average price of $94.38 and a two-hundred day moving average price of $89.07. Best Buy has a one year low of $68.12 and a one year high of $103.71. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.01 and a quick ratio of 0.34.

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

Best Buy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Shareholders of record on Thursday, September 19th were given a dividend of $0.94 per share. The ex-dividend date was Thursday, September 19th. This represents a $3.76 dividend on an annualized basis and a yield of 4.25%. Best Buy’s dividend payout ratio (DPR) is 64.83%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on BBY shares. Piper Sandler reissued an “overweight” rating and issued a $114.00 price objective (up from $100.00) on shares of Best Buy in a research report on Friday, August 30th. UBS Group increased their price target on shares of Best Buy from $106.00 to $123.00 and gave the company a “buy” rating in a report on Friday, August 30th. JPMorgan Chase & Co. boosted their price objective on Best Buy from $111.00 to $117.00 and gave the stock an “overweight” rating in a report on Friday, November 22nd. BNP Paribas raised Best Buy to a “strong-buy” rating in a research report on Thursday, August 29th. Finally, StockNews.com cut Best Buy from a “buy” rating to a “hold” rating in a report on Friday, November 15th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Best Buy presently has a consensus rating of “Moderate Buy” and an average target price of $103.41.

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.