Best Buy (NYSE:BBY) Posts Quarterly Earnings Results, Beats Expectations By $0.19 EPS

Best Buy (NYSE:BBY) issued its quarterly earnings data on Tuesday. The technology retailer reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.39 by $0.19, Zacks reports. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. Best Buy updated its FY 2026 guidance to 6.200-6.600 EPS.

Best Buy Price Performance

NYSE BBY opened at $86.73 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 1.00 and a debt-to-equity ratio of 0.37. Best Buy has a 12-month low of $69.29 and a 12-month high of $103.71. The company has a market capitalization of $18.54 billion, a PE ratio of 14.83, a price-to-earnings-growth ratio of 2.10 and a beta of 1.43. The firm’s 50 day moving average is $86.43 and its 200-day moving average is $90.69.

Best Buy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, March 25th will be issued a $0.95 dividend. 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 dividend yield of 4.38%. Best Buy’s dividend payout ratio (DPR) is 64.27%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on BBY. Guggenheim decreased their price objective on shares of Best Buy from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 29th. StockNews.com downgraded shares of Best Buy from a “buy” rating to a “hold” rating in a research report on Friday, November 15th. Morgan Stanley reiterated an “equal weight” rating on shares of Best Buy in a research report on Friday. UBS Group reiterated a “buy” rating on shares of Best Buy in a research report on Friday. Finally, JPMorgan Chase & Co. increased their price target on shares of Best Buy from $111.00 to $117.00 and gave the company an “overweight” rating in a research report on Friday, November 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Best Buy currently has an average rating of “Moderate Buy” and an average price target of $101.44.

Insider Activity

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

Best Buy Company Profile

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.