|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||71.95 - 74.20|
|52 Week Range||50.29 - 78.59|
|PE Ratio (TTM)||22.16|
|Earnings Date||May 24, 2018|
|Forward Dividend & Yield||1.80 (2.53%)|
|1y Target Est||75.62|
Consumer electronics retailer Best Buy (BBY) was trading at a forward PE (price-to-earnings) ratio of 15.0x as of April 18. Best Buy’s fiscal 4Q18 revenue as well as earnings were way ahead of analysts’ expectations. Improved consumer sentiment, strong gaming sales, and a favorable competitive landscape resulting from a decline in competitors helped Best Buy end the fiscal year on a strong note.
Knowing how to properly value a stock and find a bargain pick is probably the most important skill for a value investor to develop. The goal is to buy companies for less than their intrinsic value over ...
Assessing Best Buy Co Inc.’s (NYSE:BBY) past track record of performance is a useful exercise for investors. It allows us to understand whether the company has met or exceed expectations,Read More...
In the past 12 quarters, Best Buy’s (BBY) earnings have exceeded analysts’ expectations 11 times and were in line with expectations once. In fiscal 4Q18, which ended on February 3, 2018, Best Buy delivered adjusted EPS (earnings per share) of $2.42 and easily surpassed the consensus analyst estimate of $2.04.
Best Buy’s (BBY) gross as well as operating margin declined in fiscal 2018, which ended on February 3, 2018. Best Buy’s gross margin contracted 60 basis points to 23.4% in fiscal 2018. This contraction in the segment’s gross margin was a result of the unfavorable comparison with fiscal 2017, which included a gain of $183 million related to the cathode ray tube settlement.
The U.S. Commerce Department on Monday banned U.S. companies from providing components, software and other technology to ZTE, saying it was punishing the company for violating the terms of a settlement agreement. Sources with two mobile carriers told Reuters on Wednesday that ZTE had yet to advise them as to whether it will be able to keep delivering such updates, which patch security vulnerabilities, add new functionality and improve battery life. ZTE did not respond to requests for comment and Google declined comment when asked if the order means it can no longer provide Android updates.
Shares of the electronics chain spiked nearly 4% Wednesday, April 18, after CEO Hubert Joly announced that the company has entered into a partnership with Amazon.com Inc. to sell televisions that are programmed by Amazon's Fire TV operating system. Best Buy will sell the Amazon-powered TVs -- so far, 11 models including ones from Toshiba and its own brand, Insignia -- in stores and online, while Amazon will sell the same products on its website, with Best Buy as the exclusive vendor.
Best Buy Co Inc (NYSE: BBY ) announced Wednesday that it will sell Amazon.com, Inc. (NASDAQ: AMZN ) Fire TV Edition Smart TVs integrated with Alexa voice commands. Morgan Stanley views the partnership ...
UBS out negative on Tesla Inc (NASDAQ: TSLA ); the firm expects tough Q1 comps for the company, believes changes to the automated line at this point are concerning and raises questions regarding Tesla's ...
Best Buy’s (BBY) same-store sales grew 5.6% in fiscal 2018, which ended on February 3, 2018. Best Buy benefitted from various initiatives taken under its Renew Blue transformation strategy that began in November 2012. The company’s Best Buy 2020 strategy aims to expand its product offering and evolve the way the company sells products to customers.
It's been a seesaw week for Roku investors, with the stock jumping 9 percent on Tuesday, dropping 12 percent on Wednesday and coming back a bit on Thursday.
After declining for three consecutive fiscal years, Best Buy’s (BBY) revenue grew in fiscal 2018, which ended on February 3, 2018. Best Buy’s revenue grew 7.0% to $42.2 billion in fiscal 2018. The company’s revenue growth rate in fiscal 2018 marked a notable turnaround compared to a decline of 0.3% and 2.0% in fiscal 2017 and fiscal 2016 revenue, respectively.
Shares of Roku Inc. are up 2.1% in premarket trading after Needham analyst Laura Martin questioned whether the company would be impacted much from Amazon.com Inc.'s plans to set Fire-equipped smart TVs at Best Buy Co. Inc. . News of Amazon's collaboration with Best Buy sent Roku shares tumbling in Wednesday's session.
NEW YORK, NY / ACCESSWIRE / April 19, 2018 / Roku shares were clobbered in Wednesday's trading session as traders feared the worst when Amazon and Best Buy announced a collaboration to sell smart TVs together. ...
Best Buy (BBY) is currently rated a “hold” by the majority of analysts covering the stock. As of April 18, Best Buy stock was rated a “hold” by 17 out of 26 analysts. On March 2, Morgan Stanley raised its price target for Best Buy stock to $74 from $66.
The stock price of consumer electronics retailer Best Buy (BBY) rose 3.6% on April 18 following news of a partnership with Amazon (AMZN) to sell televisions that have Amazon’s Fire TV system built in. Beginning this summer, Best Buy plans to launch over ten 4K and HD Fire TV Edition models from Toshiba and Best Buy’s in-house brand Insignia. Through this partnership, Best Buy will become the exclusive retailer to sell Fire TV edition smart TVs.
The retailer has gotten praise for using its existing stores to ship products directly to consumers, but ship-from-store tactics don't work as well for products like TVs.
Best Buy will sell Amazon-powered TVs in its stores and on its website, and also become a merchant on Amazon’s website, where it will sell these TV sets exclusively.
Higher mortgage rates are making the already challenging task of buying an affordable home even tougher for many Americans this spring. In metro areas such as Denver, buyers are rushing to close a deal before mortgage rates get too high. WASHINGTON (AP) -- President Donald Trump's tariffs on imported aluminum and steel are disrupting business for hundreds of American companies that buy those metals, and many are pressing for relief.
Another stock were watching Roku... shares getting hit as Amazon cuts a deal with Best Buy, to sell Amazon Fire powered TVs at Best Buy locations - making it one of the only retail locations where customers can buy these TVs. Now Roku responded to the Amazon news today, telling CNET's Ben Rubin: "The Roku TV program has great momentum. We just announced the 10th OEM partner brand. Roku TVs are available at Best Buy and are sold across all the major retailers, making it easy for consumers to choose from dozens of Roku TV models.” Guys - overreaction here by investors? Roku devices and Roku powered TVs are still pretty popular...