Best Buy (NYSE:BBY) Releases Quarterly Earnings Results, Beats Estimates By $0.18 EPS

Best Buy (NYSE:BBY) announced its earnings results on Tuesday. The technology retailer reported $2.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.40 by $0.18, Zacks reports. The business had revenue of $13.95 billion during the quarter, compared to analyst estimates of $13.69 billion. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. During the same period in the previous year, the business posted $2.72 earnings per share. Best Buy updated its FY 2026 guidance to 6.200-6.600 EPS.

Best Buy Trading Up 0.2 %

NYSE:BBY opened at $75.36 on Thursday. Best Buy has a 12 month low of $69.29 and a 12 month high of $103.71. The company has a current ratio of 1.00, a quick ratio of 0.22 and a debt-to-equity ratio of 0.37. The company has a 50-day moving average price of $85.97 and a 200-day moving average price of $90.51. The stock has a market cap of $16.11 billion, a price-to-earnings ratio of 12.88, a P/E/G ratio of 2.10 and a beta of 1.43.

Best Buy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Shareholders of record on Tuesday, March 25th will be given a dividend of $0.95 per share. This is an increase from Best Buy’s previous quarterly dividend of $0.94. This represents a $3.80 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date is Tuesday, March 25th. Best Buy’s payout ratio is presently 88.99%.

Insider Buying and Selling

In related news, CFO Matthew M. Bilunas sold 69,166 shares of the company’s stock in a transaction on Wednesday, December 11th. The stock was sold at an average price of $87.46, for a total value of $6,049,258.36. Following the sale, the chief financial officer now directly owns 92,070 shares of the company’s stock, valued at $8,052,442.20. This represents a 42.90 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.59% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on BBY. Jefferies Financial Group cut their target price on shares of Best Buy from $106.00 to $92.00 and set a “buy” rating for the company in a research report on Tuesday. UBS Group reissued a “buy” rating and set a $105.00 price objective (down from $115.00) on shares of Best Buy in a report on Friday, February 28th. Wedbush reaffirmed a “neutral” rating and issued a $90.00 target price on shares of Best Buy in a research note on Monday. KeyCorp reissued a “sector weight” rating on shares of Best Buy in a research note on Wednesday. Finally, DA Davidson cut their price objective on shares of Best Buy from $117.00 to $110.00 and set a “buy” rating for the company in a research note on Wednesday. One analyst has rated the stock with a sell rating, nine have given a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $93.50.

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.