Bed Bath & Beyond (NASDAQ:BBBY) issued its quarterly earnings data on Wednesday. The retailer reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.52 by ($0.48), MarketWatch Earnings reports. The company had revenue of $1.99 billion for the quarter, compared to the consensus estimate of $2.06 billion. Bed Bath & Beyond had a net margin of 1.02% and a return on equity of 9.10%. Bed Bath & Beyond’s revenue was down 26.2% on a year-over-year basis. During the same quarter last year, the business posted $0.50 earnings per share.
Bed Bath & Beyond stock opened at $17.28 on Friday. The firm has a 50 day simple moving average of $26.35 and a 200 day simple moving average of $27.69. The company has a current ratio of 1.56, a quick ratio of 0.80 and a debt-to-equity ratio of 1.07. Bed Bath & Beyond has a 1-year low of $15.70 and a 1-year high of $53.90. The firm has a market capitalization of $1.81 billion, a price-to-earnings ratio of 23.35 and a beta of 1.82.
In related news, Director Harriet Edelman bought 11,000 shares of the company’s stock in a transaction on Thursday, July 15th. The shares were purchased at an average price of $27.47 per share, for a total transaction of $302,170.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 1.00% of the company’s stock.
About Bed Bath & Beyond
Bed Bath & Beyond, Inc engages in the operation of retail stores and retails domestics merchandise and home furnishings. Its products include domestic merchandise and home furnishings such as bed linens and related items, bath items, kitchen textiles kitchen and tabletop items, fine tabletop, basic house wares, general home furnishings, and consumables.
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