Best Buy (BBY) Beats on EPS, Misses Revenue

Best Buy Co., Inc. (BBY) shares are up $0.47, or 1.22%, to $39.10 in pre-market trading Tuesday after the company reported its fourth quarter earnings results.

The consumer electronics retailer reported non-GAAP earnings of $1.48 per share on revenues of $14.21 billion, up 1.3% from a year ago. Analysts were expecting EPS of $1.35 on revenues of $14.33 billion. Net income attributable to BBY shareholders jumped to $519 million, or $1.46 per share, in Q4 ended Jan. 31, from $293 million, or 83 cents per share, a year earlier.

Best Buy additionally announced a special dividend of 51 cents a share and raised its quarterly dividend by 21% to 23 cents a share. The company also said it will buy back $1 billion of shares over the next three years.

On valuation measures, Best Buy Co. Inc. shares, which currently have an average 3-month trading volume of 6.17 million shares, trade at a trailing-12 P/E of 13.53, a forward P/E of 15.51 and a P/E to growth ratio of 1.00. The median Wall Street price target on the name is $42.00 with a high target of $48.00. Currently ticker boasts 17 ‘Buy’ endorsements, compared to 10 ’Holds’ and 1 ‘Sell’.

Profitability-wise, BBY has a t-12 profit and operating margin of 2.41% and 2.62%, respectively. The $13.55 billion market cap company reported $3.9 billion in cash vs. $1.58 billion in debt in its most recent quarter.

BBY currently prints a one year return of about 48.52% and a year-to-date loss of 0.90%.

The chart below shows where the equity has traded over the last 52 weeks.

Best Buy Co. Inc. operates as a multi-national, multi-channel retailer of technology products in the United States, Canada, China, and Mexico. The company was founded in 1966 and is headquartered in Richfield, Minnesota.

Create Content With AI

Try TradingView For Free

Risk Our Money Not Yours | Get 50% Off Any Account

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


This site uses Akismet to reduce spam. Learn how your comment data is processed.