Beyond (BYON) to Release Earnings on Monday

Beyond (NYSE:BYON) is set to release its earnings data after the market closes on Monday, July 29th. Analysts expect Beyond to post earnings of ($0.77) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

Beyond (NYSE:BYON) last released its quarterly earnings data on Monday, May 6th. The company reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($0.92) by ($0.30). Beyond had a negative net margin of 23.67% and a negative return on equity of 32.05%. The business had revenue of $382.28 million for the quarter, compared to the consensus estimate of $389.36 million. During the same quarter last year, the firm earned ($0.10) EPS. The company’s revenue for the quarter was up .3% on a year-over-year basis. On average, analysts expect Beyond to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Beyond Trading Up 3.2 %

NYSE:BYON opened at $13.81 on Friday. Beyond has a fifty-two week low of $11.95 and a fifty-two week high of $39.27. The company has a debt-to-equity ratio of 0.12, a current ratio of 1.24 and a quick ratio of 1.19. The stock has a market capitalization of $631.81 million, a PE ratio of -1.69 and a beta of 3.70. The business’s 50-day simple moving average is $14.09 and its 200-day simple moving average is $22.26.

Analyst Upgrades and Downgrades

BYON has been the topic of a number of recent research reports. Piper Sandler dropped their target price on Beyond from $26.00 to $17.00 and set a “neutral” rating on the stock in a research report on Wednesday, May 8th. Barclays dropped their target price on Beyond from $22.00 to $16.00 and set an “equal weight” rating on the stock in a research report on Friday. Maxim Group dropped their target price on Beyond from $50.00 to $36.00 and set a “buy” rating on the stock in a research report on Wednesday, May 8th. Needham & Company LLC reissued a “hold” rating on shares of Beyond in a research report on Monday, May 20th. Finally, Bank of America decreased their target price on Beyond from $19.00 to $15.50 and set a “neutral” rating on the stock in a report on Tuesday, June 18th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Beyond has an average rating of “Hold” and an average price target of $29.50.

Insider Activity at Beyond

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

Beyond Company Profile

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.