Beyond (BYON) to Release Earnings on Monday

Beyond (NYSE:BYON) is set to release its earnings data after the market closes on Monday, July 29th. Analysts expect Beyond to post earnings of ($0.77) per share for the quarter. Persons interested in registering for the company’s earnings conference call can do so using this link.

Beyond (NYSE:BYON) last released its quarterly earnings results on Monday, May 6th. The company reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.92) by ($0.30). Beyond had a negative return on equity of 32.05% and a negative net margin of 23.67%. The company had revenue of $382.28 million during the quarter, compared to the consensus estimate of $389.36 million. During the same period in the previous year, the company earned ($0.10) earnings per share. Beyond’s quarterly revenue was up .3% on a year-over-year basis. On average, analysts expect Beyond to post $-3 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Beyond Price Performance

Shares of NYSE BYON opened at $13.81 on Friday. Beyond has a fifty-two week low of $11.95 and a fifty-two week high of $39.27. The company has a 50 day simple moving average of $14.09 and a two-hundred day simple moving average of $22.26. The company has a market capitalization of $631.81 million, a price-to-earnings ratio of -1.69 and a beta of 3.70. The company has a debt-to-equity ratio of 0.12, a quick ratio of 1.19 and a current ratio of 1.24.

Analyst Upgrades and Downgrades

BYON has been the subject of a number of analyst reports. Barclays decreased their target price on shares of Beyond from $22.00 to $16.00 and set an “equal weight” rating for the company in a research note on Friday. Bank of America decreased their target price on shares of Beyond from $19.00 to $15.50 and set a “neutral” rating for the company in a research note on Tuesday, June 18th. Maxim Group decreased their target price on shares of Beyond from $50.00 to $36.00 and set a “buy” rating for the company in a research note on Wednesday, May 8th. Wedbush reissued an “outperform” rating and set a $37.00 price target on shares of Beyond in a research report on Wednesday. Finally, Needham & Company LLC reissued a “hold” rating on shares of Beyond in a research report on Monday, May 20th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, Beyond currently has an average rating of “Hold” and a consensus price target of $29.50.

Insider Buying and Selling

In related news, Director Joseph J. Tabacco, Jr. bought 12,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $16.01 per share, for a total transaction of $198,524.00. Following the completion of the acquisition, the director now owns 97,458 shares of the company’s stock, valued at approximately $1,560,302.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Joseph J. Tabacco, Jr. bought 12,400 shares of the company’s stock in a transaction that occurred on Wednesday, May 8th. The shares were bought at an average price of $16.01 per share, for a total transaction of $198,524.00. Following the completion of the acquisition, the director now owns 97,458 shares of the company’s stock, valued at approximately $1,560,302.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Marcus Lemonis bought 17,075 shares of the company’s stock in a transaction that occurred on Thursday, June 6th. The stock was bought at an average price of $14.61 per share, for a total transaction of $249,465.75. Following the acquisition, the chairman now directly owns 186,973 shares of the company’s stock, valued at approximately $2,731,675.53. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 40,095 shares of company stock worth $596,237. 1.20% of the stock is owned by insiders.

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.