Actionable news
All posts from Actionable news
Actionable news in BBBY: Bed Bath & Beyond Inc.,

What To Make Of Bed Bath & Beyond's Q4 Earnings

Trade with confidence. Are you a professional trader? Be the first to get the alert with Benzinga Pro's real-time newsfeed and audio squawk and never miss an opportunity again.
Don't miss the chance to try it FREE today.

Bed Bath & Beyond Inc. NASDAQ:BBBY - What To Make Of Bed Bath & Beyond's Q4 Earnings

Analysts were mostly bearish on Bed Bath & Beyond Inc. BBBY 3.47% despite reporting better-than-expected quarterly results and declaring its first-ever quarterly dividend. Wall Street, while enthused by the results, appears concerned on margin pressures.

The retailer's earnings of $1.85 per share came in $0.04 ahead of estimates, while revenue of $3.42 billion beat consensus by $30 million. The firm declared its first-ever quarterly dividend; shareholders of record on June 17 will receive $0.125 per share.

Oppenheimer: Perform

Oppenheimer, which has a Perform rating on Bed Bath & Beyond shares, said it is "most surprised" by the company's decision to institute a regular quarterly dividend. The brokerage said the dividend is small, with a current annual payout of $0.50/share and a yield of just 1 percent.

Quarterly gross...