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.

Analyst Ratings Changes

Several research firms have recently weighed in on BBY. UBS Group restated a “buy” rating and set a $105.00 price objective (down previously from $115.00) on shares of Best Buy in a research report on Friday, February 28th. StockNews.com lowered shares of Best Buy from a “buy” rating to a “hold” rating in a report on Friday, November 15th. Bank of America decreased their price objective on shares of Best Buy from $80.00 to $75.00 and set an “underperform” rating for the company in a research note on Wednesday. Piper Sandler decreased their price objective on shares of Best Buy from $102.00 to $92.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Guggenheim decreased their price objective on shares of Best Buy from $105.00 to $90.00 and set a “buy” rating for the company in a research note on Wednesday. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Best Buy presently has an average rating of “Moderate Buy” and an average target price of $93.50.

Best Buy Stock Performance

NYSE:BBY opened at $75.36 on Thursday. Best Buy has a 52-week low of $69.29 and a 52-week high of $103.71. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.22 and a current ratio of 1.00. The company has a market cap of $16.11 billion, a price-to-earnings ratio of 12.88, a PEG ratio of 2.10 and a beta of 1.43. The firm’s 50-day moving average is $85.97 and its 200-day moving average is $90.51.

Best Buy (NYSE:BBY) last announced its quarterly earnings results on Tuesday, March 4th. The technology retailer reported $2.58 EPS for the quarter, topping analysts’ consensus estimates of $2.40 by $0.18. Best Buy had a net margin of 3.01% and a return on equity of 45.93%. The firm had revenue of $13.95 billion during the quarter, compared to analysts’ expectations of $13.69 billion. During the same quarter last year, the company earned $2.72 earnings per share. Equities research analysts anticipate that Best Buy will post 6.18 earnings per share for the current year.

Best Buy Increases Dividend

The firm also recently declared 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. The ex-dividend date of this dividend is Tuesday, March 25th. This is a positive change from Best Buy’s previous quarterly dividend of $0.94. This represents a $3.80 dividend on an annualized basis and a yield of 5.04%. Best Buy’s dividend payout ratio is 88.99%.

Insiders Place Their Bets

In other Best Buy news, CFO Matthew M. Bilunas sold 69,166 shares of the firm’s stock in a transaction that occurred on Wednesday, December 11th. The shares were sold at an average price of $87.46, for a total value of $6,049,258.36. Following the transaction, the chief financial officer now directly owns 92,070 shares of the company’s stock, valued at approximately $8,052,442.20. This trade represents a 42.90 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.59% of the company’s stock.

Best Buy Company Profile

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.