Bed Bath & Beyond (NASDAQ:BBBY) issued its quarterly earnings results on Wednesday. The retailer reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.52 by ($0.48), MarketWatch Earnings reports. The business had revenue of $1.99 billion for the quarter, compared to analysts’ expectations of $2.06 billion. Bed Bath & Beyond had a return on equity of 9.10% and a net margin of 1.02%. The business’s revenue for the quarter was down 26.2% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.50 EPS.
NASDAQ:BBBY opened at $17.28 on Friday. The firm has a market cap of $1.81 billion, a PE ratio of 23.35 and a beta of 1.82. The stock has a fifty day moving average price of $26.35 and a 200 day moving average price of $27.69. Bed Bath & Beyond has a 12-month low of $15.70 and a 12-month high of $53.90. The company has a current ratio of 1.56, a quick ratio of 0.80 and a debt-to-equity ratio of 1.07.
In related news, Director Harriet Edelman bought 11,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 15th. The stock was purchased at an average cost of $27.47 per share, for a total transaction of $302,170.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.00% of the company’s stock.
Bed Bath & Beyond Company Profile
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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