Wall Street analysts expect that Bed Bath & Beyond Inc. (NASDAQ:BBBY) will report earnings of $0.48 per share for the current fiscal quarter, Zacks reports. Eight analysts have issued estimates for Bed Bath & Beyond’s earnings, with estimates ranging from $0.45 to $0.54. Bed Bath & Beyond posted earnings of $0.75 per share in the same quarter last year, which would suggest a negative year-over-year growth rate of 36%. The business is expected to report its next quarterly earnings report after the market closes on Wednesday, September 26th.

On average, analysts expect that Bed Bath & Beyond will report full year earnings of $2.30 per share for the current fiscal year, with EPS estimates ranging from $2.20 to $2.44. For the next financial year, analysts forecast that the business will report earnings of $1.96 per share, with EPS estimates ranging from $1.75 to $2.15. Zacks Investment Research’s EPS averages are an average based on a survey of analysts that follow Bed Bath & Beyond.

Bed Bath & Beyond (NASDAQ:BBBY) last posted its quarterly earnings data on Wednesday, June 27th. The retailer reported $0.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.02. Bed Bath & Beyond had a return on equity of 14.73% and a net margin of 3.18%. The company had revenue of $2.75 billion during the quarter, compared to analyst estimates of $2.75 billion. During the same quarter last year, the company earned $0.58 earnings per share. The firm’s quarterly revenue was up .4% on a year-over-year basis.

A number of research firms have weighed in on BBBY. Credit Suisse Group set a $20.00 price target on Bed Bath & Beyond and gave the company a “hold” rating in a research report on Friday, June 29th. BidaskClub upgraded Bed Bath & Beyond from a “hold” rating to a “buy” rating in a research report on Tuesday, June 12th. Zacks Investment Research upgraded Bed Bath & Beyond from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 12th. Raymond James upgraded Bed Bath & Beyond from an “underperform” rating to a “market perform” rating in a research report on Monday, September 17th. Finally, Wells Fargo & Co restated a “sell” rating and set a $16.00 price target on shares of Bed Bath & Beyond in a research report on Wednesday, June 27th. Seven analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $19.71.

NASDAQ BBBY remained flat at $$19.13 during trading hours on Monday. The company’s stock had a trading volume of 8,058,996 shares, compared to its average volume of 3,386,180. Bed Bath & Beyond has a twelve month low of $16.52 and a twelve month high of $24.74. The company has a quick ratio of 0.62, a current ratio of 1.86 and a debt-to-equity ratio of 0.51. The stock has a market capitalization of $2.68 billion, a P/E ratio of 6.13 and a beta of 0.96.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 16th. Stockholders of record on Friday, September 14th will be issued a $0.16 dividend. The ex-dividend date of this dividend is Thursday, September 13th. This represents a $0.64 annualized dividend and a dividend yield of 3.35%. Bed Bath & Beyond’s dividend payout ratio is currently 20.51%.

In other news, insider Eugene A. Castagna sold 25,000 shares of Bed Bath & Beyond stock in a transaction dated Thursday, July 5th. The stock was sold at an average price of $20.81, for a total value of $520,250.00. Following the transaction, the insider now owns 124,255 shares in the company, valued at $2,585,746.55. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 5.50% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. increased its holdings in shares of Bed Bath & Beyond by 28.0% in the second quarter. BlackRock Inc. now owns 15,909,818 shares of the retailer’s stock worth $317,003,000 after buying an additional 3,478,265 shares during the period. Dimensional Fund Advisors LP increased its holdings in shares of Bed Bath & Beyond by 30.0% in the second quarter. Dimensional Fund Advisors LP now owns 9,663,353 shares of the retailer’s stock worth $192,540,000 after buying an additional 2,231,839 shares during the period. Contrarius Investment Management Ltd increased its holdings in shares of Bed Bath & Beyond by 4.1% in the second quarter. Contrarius Investment Management Ltd now owns 6,596,392 shares of the retailer’s stock worth $131,433,000 after buying an additional 259,348 shares during the period. Bank of New York Mellon Corp increased its holdings in shares of Bed Bath & Beyond by 12.7% in the second quarter. Bank of New York Mellon Corp now owns 2,641,692 shares of the retailer’s stock worth $52,636,000 after buying an additional 297,632 shares during the period. Finally, Northern Trust Corp increased its holdings in shares of Bed Bath & Beyond by 67.0% in the second quarter. Northern Trust Corp now owns 2,333,483 shares of the retailer’s stock worth $46,495,000 after buying an additional 936,407 shares during the period. Hedge funds and other institutional investors own 93.18% of the company’s stock.

Bed Bath & Beyond Company Profile

Bed Bath & Beyond Inc, together with its subsidiaries, operates a chain of retail stores. It sells a range of domestics merchandise, including bed linens and related items, bath items, and kitchen textiles; and home furnishings, such as kitchen and tabletop items, fine tabletop, basic housewares, general home furnishings, consumables, and various juvenile products.

Featured Article: Penny Stocks, Risk and Reward Factors

Get a free copy of the Zacks research report on Bed Bath & Beyond (BBBY)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Earnings History and Estimates for Bed Bath & Beyond (NASDAQ:BBBY)

Receive News & Ratings for Bed Bath & Beyond Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Bed Bath & Beyond and related companies with MarketBeat.com's FREE daily email newsletter.