Best Buy (NYSE:BBY) Releases FY25 Earnings Guidance

Best Buy (NYSE:BBY) updated its FY25 earnings guidance on Tuesday. The company provided earnings per share guidance of $6.10-6.25 for the period, compared to the consensus earnings per share estimate of $6.26. The company issued revenue guidance of $41.1-41.5 billion, compared to the consensus revenue estimate of $41.54 billion. Best Buy also updated its FY 2025 guidance to 6.100-6.250 EPS.

Wall Street Analyst Weigh In

BBY has been the topic of a number of research reports. UBS Group raised their price target on shares of Best Buy from $106.00 to $123.00 and gave the company a “buy” rating in a research note on Friday, August 30th. Melius Research started coverage on Best Buy in a research note on Monday, September 23rd. They issued a “hold” rating and a $100.00 price target on the stock. Piper Sandler reiterated an “overweight” rating and set a $114.00 price target (up from $100.00) on shares of Best Buy in a research report on Friday, August 30th. Evercore ISI raised their price objective on Best Buy from $90.00 to $94.00 and gave the company an “in-line” rating in a report on Friday, August 30th. Finally, Citigroup dropped their target price on shares of Best Buy from $115.00 to $109.00 and set a “buy” rating for the company in a report on Friday, November 8th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $103.71.

Best Buy Stock Performance

Shares of BBY stock opened at $93.03 on Tuesday. 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 50 day moving average price is $94.60 and its 200-day moving average price is $88.97. The firm has a market cap of $19.98 billion, a P/E ratio of 16.04, a P/E/G ratio of 2.34 and a beta of 1.47.

Best Buy (NYSE:BBY) last issued its quarterly earnings data on Thursday, August 29th. The technology retailer reported $1.34 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.18. Best Buy had a return on equity of 47.19% and a net margin of 2.96%. The business had revenue of $9.29 billion during the quarter, compared to analysts’ expectations of $9.23 billion. During the same period in the previous year, the firm posted $1.22 earnings per share. The company’s revenue was down 3.1% on a year-over-year basis. As a group, equities research analysts predict that Best Buy will post 6.28 EPS for the current year.

Best Buy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 10th. Investors of record on Thursday, September 19th were issued a $0.94 dividend. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend was Thursday, September 19th. Best Buy’s dividend payout ratio (DPR) is currently 64.83%.

Best Buy Company Profile

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.