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

Best Buy (NYSE:BBY) updated its FY 2026 earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of 6.200-6.600 for the period, compared to the consensus 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 Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Telsey Advisory Group reiterated an “outperform” rating and set a $110.00 price target on shares of Best Buy in a report on Thursday, February 27th. Citigroup lowered their price target on Best Buy from $109.00 to $101.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Guggenheim lowered their price target on Best Buy from $110.00 to $105.00 and set a “buy” rating on the stock in a report on Friday, November 29th. UBS Group reissued a “buy” rating on shares of Best Buy in a research report on Friday. Finally, Wedbush reissued a “neutral” rating and set a $90.00 price objective on shares of Best Buy in a research report on Monday. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, ten have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $101.44.

Best Buy Price Performance

Shares of NYSE:BBY opened at $86.73 on Tuesday. Best Buy has a fifty-two week low of $69.29 and a fifty-two week high of $103.71. The business has a 50-day moving average of $86.43 and a two-hundred day moving average of $90.69. The stock 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 (NYSE:BBY) last posted its quarterly earnings data on Tuesday, March 4th. The technology retailer reported $2.58 earnings per share for the quarter, topping the consensus estimate 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 research analysts predict that Best Buy will post 6.18 EPS for the current fiscal year.

Best Buy Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 15th. Investors of record on Tuesday, March 25th will be given a dividend of $0.95 per share. This represents a $3.80 annualized dividend and a dividend yield of 4.38%. This is a boost from Best Buy’s previous quarterly dividend of $0.94. Best Buy’s payout ratio is currently 64.27%.

Insider Buying and Selling

In related 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 transaction of $6,049,258.36. Following the completion of the transaction, the chief financial officer now owns 92,070 shares of the company’s stock, valued at approximately $8,052,442.20. The trade was a 42.90 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.59% of the stock is owned by 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.