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

Best Buy (NYSE:BBY) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 6.100-6.250 for the period, compared to the consensus EPS 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.

Analysts Set New Price Targets

BBY has been the subject of several recent analyst reports. Evercore ISI raised their target price on shares of Best Buy from $90.00 to $94.00 and gave the company an “in-line” rating in a research note on Friday, August 30th. BNP Paribas upgraded Best Buy to a “strong-buy” rating in a research note on Thursday, August 29th. The Goldman Sachs Group raised their price target on Best Buy from $95.00 to $116.00 and gave the stock a “buy” rating in a report on Tuesday, September 3rd. 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 report on Tuesday. Finally, StockNews.com cut shares of Best Buy from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $103.41.

Best Buy Stock Down 4.9 %

BBY stock opened at $88.50 on Wednesday. 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 quick ratio of 0.34 and a current ratio of 1.01. The firm’s fifty day moving average is $94.38 and its 200 day moving average is $89.07. The firm has a market cap of $19.00 billion, a PE ratio of 15.26, a P/E/G ratio of 2.44 and a beta of 1.47.

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

Best Buy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 19th were paid a $0.94 dividend. 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 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.