Best Buy (NYSE:BBY) Releases FY 2025 Earnings Guidance

Best Buy (NYSE:BBY) updated its FY 2025 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 6.100-6.250 for the period, compared to the consensus estimate of 6.270. The company issued revenue guidance of $41.1 billion-$41.5 billion, compared to the consensus revenue estimate of $41.6 billion. Best Buy also updated its FY25 guidance to $6.10-6.25 EPS.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the stock. Bank of America lifted their price target on shares of Best Buy from $70.00 to $80.00 and gave the company an “underperform” rating in a research note on Friday, August 30th. Citigroup lowered their price target on shares of Best Buy from $109.00 to $101.00 and set a “buy” rating on the stock in a research note on Wednesday. Loop Capital lowered their price target on shares of Best Buy from $110.00 to $100.00 and set a “buy” rating on the stock in a research note on Wednesday. StockNews.com lowered shares of Best Buy from a “buy” rating to a “hold” rating in a research note on Friday, November 15th. Finally, Telsey Advisory Group decreased their price objective on shares of Best Buy from $115.00 to $110.00 and set an “outperform” rating for the company in a research report on Tuesday. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $100.82.

Best Buy Stock Performance

Shares of BBY stock opened at $88.17 on Friday. The company has a market capitalization of $18.93 billion, a price-to-earnings ratio of 15.20, a PEG ratio of 2.44 and a beta of 1.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.34 and a current ratio of 1.01. The company has a 50-day simple moving average of $93.96 and a 200 day simple moving average of $89.06. Best Buy has a 52 week low of $68.67 and a 52 week high of $103.71.

Best Buy (NYSE:BBY) last announced its earnings results on Thursday, August 29th. The technology retailer reported $1.34 EPS for the quarter, topping the consensus estimate of $1.16 by $0.18. The business had revenue of $9.29 billion during the quarter, compared to the consensus estimate of $9.23 billion. Best Buy had a net margin of 2.96% and a return on equity of 47.19%. Best Buy’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.22 EPS. On average, sell-side analysts predict that Best Buy will post 6.28 earnings per share for the current year.

Best Buy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 7th. Investors of record on Tuesday, December 17th will be issued a dividend of $0.94 per share. This represents a $3.76 annualized dividend and a dividend yield of 4.26%. The ex-dividend date of this dividend is Tuesday, December 17th. Best Buy’s payout ratio is 64.83%.

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.