Beyond (NYSE:BYON) Issues Quarterly Earnings Results, Misses Estimates By $0.18 EPS

Beyond (NYSE:BYON) posted its earnings results on Monday. The company reported ($0.91) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.73) by ($0.18), Zacks reports. Beyond had a negative net margin of 22.82% and a negative return on equity of 69.32%.

Beyond Stock Performance

Shares of NYSE:BYON traded down $0.74 during midday trading on Monday, hitting $6.91. The company’s stock had a trading volume of 4,534,758 shares, compared to its average volume of 3,435,145. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.91 and a current ratio of 0.97. The stock’s 50 day simple moving average is $6.75 and its 200 day simple moving average is $7.96. The stock has a market capitalization of $317.95 million, a price-to-earnings ratio of -0.93 and a beta of 3.81. Beyond has a fifty-two week low of $4.45 and a fifty-two week high of $37.10.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on the stock. Wedbush restated an “outperform” rating and set a $15.00 price target on shares of Beyond in a report on Wednesday, February 5th. Argus lowered Beyond from a “hold” rating to a “sell” rating in a report on Wednesday, December 18th. Finally, Barclays reduced their price target on Beyond from $8.00 to $7.00 and set an “equal weight” rating for the company in a research report on Thursday, January 9th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $12.29.

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.