Bed Bath & Beyond (NASDAQ:BBBY) issued its quarterly earnings results on Wednesday. The retailer reported ($0.38) EPS for the quarter, missing the Zacks’ consensus estimate of $0.03 by ($0.41), RTT News reports. The firm had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.86 billion. Bed Bath & Beyond had a positive return on equity of 8.09% and a negative net margin of 7.06%. The business’s revenue was down 9.0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.18 EPS.
Bed Bath & Beyond stock opened at $14.56 on Friday. The firm has a market cap of $1.70 billion, a PE ratio of 7.10, a P/E/G ratio of 1.09 and a beta of 1.36. Bed Bath & Beyond has a 12 month low of $7.31 and a 12 month high of $19.57. The stock’s 50 day simple moving average is $15.61 and its two-hundred day simple moving average is $12.04. The company has a current ratio of 1.41, a quick ratio of 0.52 and a debt-to-equity ratio of 1.75.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 14th. Shareholders of record on Friday, March 13th will be given a $0.17 dividend. The ex-dividend date is Thursday, March 12th. This represents a $0.68 annualized dividend and a yield of 4.67%. Bed Bath & Beyond’s dividend payout ratio is presently 33.17%.
About Bed Bath & Beyond
Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.
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