Beyond (NYSE:BYON) Issues Earnings Results

Beyond (NYSE:BYON) released its earnings results on Monday. The company reported ($0.91) earnings per share for the quarter, missing the consensus estimate of ($0.73) by ($0.18), Zacks reports. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%.

Beyond Stock Down 9.6 %

NYSE:BYON traded down $0.74 during trading hours on Monday, hitting $6.91. 4,534,758 shares of the company’s stock traded hands, compared to its average volume of 3,435,145. The stock’s fifty day moving average price is $6.75 and its two-hundred day moving average price is $7.96. The firm has a market cap of $317.95 million, a P/E ratio of -0.93 and a beta of 3.81. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. Beyond has a twelve month low of $4.45 and a twelve month high of $37.10.

Analysts Set New Price Targets

Several research firms have commented on BYON. Wedbush restated an “outperform” rating and issued a $15.00 target price on shares of Beyond in a research report on Wednesday, February 5th. Barclays decreased their price objective on Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a report on Thursday, January 9th. Finally, Argus lowered Beyond from a “hold” rating to a “sell” rating in a research report on Wednesday, December 18th. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Beyond presently has a consensus rating of “Hold” and a consensus price target of $12.29.

About Beyond

Beyond, Inc operates as an online retailer of furniture and home furnishings products in the United States and Canada. The company offers furniture, bedding and bath, patio and outdoor gear, area rugs, tabletop and cookware, décor, storage and organization, small appliances, home improvement, and other products under the Bed Bath & Beyond brand.