Bath & Body Works (NYSE:BBWI) Releases FY 2024 Earnings Guidance

Bath & Body Works (NYSE:BBWI) updated its FY 2024 earnings guidance on Wednesday. The company provided earnings per share guidance of 3.060-3.260 for the period, compared to the consensus earnings per share estimate of 3.260. The company issued revenue guidance of $7.1 billion-$7.3 billion, compared to the consensus revenue estimate of $7.4 billion. Bath & Body Works also updated its FY25 guidance to $3.06-3.26 EPS.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on BBWI. Wells Fargo & Company decreased their price objective on shares of Bath & Body Works from $48.00 to $40.00 and set an equal weight rating for the company in a research note on Wednesday, July 24th. Deutsche Bank Aktiengesellschaft decreased their price target on shares of Bath & Body Works from $57.00 to $54.00 and set a buy rating for the company in a research note on Monday. JPMorgan Chase & Co. upgraded Bath & Body Works from an underweight rating to a neutral rating and raised their price objective for the stock from $40.00 to $53.00 in a report on Friday, May 17th. Barclays lowered their price target on shares of Bath & Body Works from $45.00 to $32.00 and set an equal weight rating for the company in a research report on Wednesday, August 7th. Finally, Piper Sandler dropped their target price on Bath & Body Works from $47.00 to $39.00 and set a neutral rating on the stock in a research report on Thursday, July 11th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of Hold and a consensus price target of $46.20.

Bath & Body Works Stock Performance

Shares of BBWI opened at $34.72 on Wednesday. The firm has a fifty day moving average of $36.09 and a 200-day moving average of $42.84. Bath & Body Works has a 1 year low of $27.30 and a 1 year high of $52.99. The company has a market cap of $7.75 billion, a price-to-earnings ratio of 8.95, a price-to-earnings-growth ratio of 1.16 and a beta of 1.85.

Bath & Body Works (NYSE:BBWI) last issued its quarterly earnings data on Tuesday, June 4th. The company reported $0.38 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.05. The business had revenue of $1.38 billion for the quarter, compared to analysts’ expectations of $1.37 billion. Bath & Body Works had a net margin of 11.92% and a negative return on equity of 40.00%. The company’s revenue was down .9% on a year-over-year basis. During the same period in the previous year, the business earned $0.33 earnings per share. Analysts predict that Bath & Body Works will post 3.29 EPS for the current year.

Bath & Body Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Stockholders of record on Friday, August 23rd will be issued a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a dividend yield of 2.30%. The ex-dividend date is Friday, August 23rd. Bath & Body Works’s dividend payout ratio is 20.62%.

Bath & Body Works Company Profile

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.