Beyond (BYON) to Release Earnings on Thursday

Beyond (NYSE:BYON) is scheduled to be posting its quarterly earnings results after the market closes on Thursday, October 24th. Analysts expect Beyond to post earnings of ($0.84) per share for the quarter. Investors interested in registering for the company’s conference call can do so using this link.

Beyond (NYSE:BYON) last posted its earnings results on Monday, July 29th. The company reported ($0.76) earnings per share for the quarter, topping the consensus estimate of ($0.89) by $0.13. Beyond had a negative return on equity of 49.00% and a negative net margin of 22.03%. The firm had revenue of $398.10 million during the quarter, compared to analyst estimates of $381.74 million. During the same period in the previous year, the company earned ($0.02) EPS. The company’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, analysts expect Beyond to post $-4 EPS for the current fiscal year and $-1 EPS for the next fiscal year.

Beyond Trading Down 1.0 %

NYSE:BYON opened at $10.41 on Tuesday. The company’s 50 day moving average is $10.29 and its 200-day moving average is $14.27. The company has a quick ratio of 1.08, a current ratio of 1.14 and a debt-to-equity ratio of 0.14. Beyond has a 12 month low of $8.91 and a 12 month high of $37.10. The firm has a market cap of $476.26 million, a price-to-earnings ratio of -1.28 and a beta of 3.65.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on BYON shares. Piper Sandler cut their target price on shares of Beyond from $17.00 to $14.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Wedbush decreased their target price on Beyond from $37.00 to $25.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. Jefferies Financial Group dropped their price target on Beyond from $14.00 to $11.00 and set a “hold” rating on the stock in a research report on Monday, September 23rd. Barclays reduced their price objective on Beyond from $22.00 to $16.00 and set an “equal weight” rating for the company in a research report on Friday, July 26th. Finally, Bank of America dropped their target price on shares of Beyond from $15.50 to $15.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 31st. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $25.25.

Insiders Place Their Bets

In other news, Director William Benjamin Nettles, Jr. sold 10,412 shares of the stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total value of $97,352.20. Following the completion of the transaction, the director now owns 11,368 shares in the company, valued at approximately $106,290.80. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Barclay F. Corbus acquired 5,000 shares of the company’s stock in a transaction on Thursday, August 1st. The stock was purchased at an average cost of $10.66 per share, for a total transaction of $53,300.00. Following the completion of the purchase, the director now directly owns 66,668 shares of the company’s stock, valued at $710,680.88. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William Benjamin Nettles, Jr. sold 10,412 shares of Beyond stock in a transaction on Wednesday, August 14th. The shares were sold at an average price of $9.35, for a total value of $97,352.20. Following the transaction, the director now directly owns 11,368 shares of the company’s stock, valued at approximately $106,290.80. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 1.20% of the company’s stock.

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.