Best Buy (NYSE:BBY) Updates FY 2026 Earnings Guidance

Best Buy (NYSE:BBY) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share guidance of 6.200-6.600 for the period, compared to the consensus earnings per share estimate of 6.600. The company issued revenue guidance of $41.4 billion-$42.2 billion, compared to the consensus revenue estimate of $41.8 billion.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on BBY. Wedbush reiterated a “neutral” rating and issued a $90.00 target price on shares of Best Buy in a research note on Monday. StockNews.com lowered Best Buy from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Barclays reduced their target price on shares of Best Buy from $95.00 to $89.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. Loop Capital reaffirmed a “buy” rating and set a $100.00 price target on shares of Best Buy in a research report on Wednesday, December 18th. Finally, Telsey Advisory Group reissued an “outperform” rating and issued a $110.00 price objective on shares of Best Buy in a report on Thursday, February 27th. One 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’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $101.44.

Best Buy Stock Performance

Shares of Best Buy stock opened at $86.73 on Tuesday. The company’s 50 day moving average price is $86.43 and its two-hundred day moving average price is $90.69. The firm has a market capitalization of $18.54 billion, a P/E ratio of 14.83, a P/E/G ratio of 2.10 and a beta of 1.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 1.00 and a quick ratio of 0.22. Best Buy has a fifty-two week low of $69.29 and a fifty-two week high of $103.71.

Best Buy (NYSE:BBY) last issued its quarterly earnings data on Tuesday, March 4th. The technology retailer reported $2.58 earnings per share for the quarter, topping analysts’ consensus estimates of $2.39 by $0.19. Best Buy had a return on equity of 45.93% and a net margin of 3.01%. On average, equities analysts forecast that Best Buy will post 6.18 earnings per share for the current fiscal year.

Best Buy Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Stockholders of record on Tuesday, March 25th will be given a dividend of $0.95 per share. This represents a $3.80 dividend on an annualized basis and a dividend yield of 4.38%. This is an increase from Best Buy’s previous quarterly dividend of $0.94. Best Buy’s dividend payout ratio (DPR) is 64.27%.

Insider Transactions at Best Buy

In other news, CFO Matthew M. Bilunas sold 69,166 shares of the business’s stock in a transaction dated 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 transaction, the chief financial officer now directly owns 92,070 shares of the company’s stock, valued at $8,052,442.20. The trade was a 42.90 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.59% of the stock is currently owned by corporate insiders.

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.