Best Buy (NYSE:BBY) Updates FY 2025 Earnings Guidance

Best Buy (NYSE:BBY) updated its FY 2025 earnings guidance on Tuesday. The company provided EPS guidance of 6.100-6.250 for the period, compared to the consensus EPS estimate of 6.270. The company issued revenue guidance of $41.1 billion-$41.5 billion, compared to the consensus revenue estimate of $41.6 billion.

Analysts Set New Price Targets

BBY has been the topic of a number of recent research reports. Melius Research assumed coverage on Best Buy in a research note on Monday, September 23rd. They set a “hold” rating and a $100.00 price target on the stock. Piper Sandler reissued an “overweight” rating and set a $114.00 target price (up from $100.00) on shares of Best Buy in a report on Friday, August 30th. Evercore ISI raised their price target on shares of Best Buy from $90.00 to $94.00 and gave the company an “in-line” rating in a research note on Friday, August 30th. Bank of America boosted their price objective on shares of Best Buy from $70.00 to $80.00 and gave the stock an “underperform” rating in a research note on Friday, August 30th. Finally, DA Davidson reaffirmed a “buy” rating and set a $117.00 target price on shares of Best Buy in a research report on Tuesday, October 15th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $103.71.

Best Buy Stock Performance

NYSE:BBY opened at $93.03 on Tuesday. The company has a fifty day moving average of $94.60 and a 200-day moving average of $88.97. Best Buy has a twelve month low of $68.12 and a twelve month high of $103.71. The firm has a market capitalization 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. The company has a quick ratio of 0.34, a current ratio of 1.01 and a debt-to-equity ratio of 0.37.

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

Best Buy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, October 10th. Stockholders of record on Thursday, September 19th were issued a $0.94 dividend. The ex-dividend date was Thursday, September 19th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 4.04%. Best Buy’s dividend payout ratio is presently 64.83%.

About Best Buy

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.