Beyond (NYSE:BYON) Announces Quarterly Earnings Results

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

Beyond Stock Performance

BYON opened at $6.91 on Tuesday. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.97 and a quick ratio of 0.91. The firm has a fifty day moving average price of $6.79 and a 200 day moving average price of $7.93. Beyond has a 1 year low of $4.45 and a 1 year high of $37.10. The stock has a market cap of $317.95 million, a P/E ratio of -0.93 and a beta of 3.81.

Wall Street Analyst Weigh In

BYON has been the topic of several research analyst reports. Barclays dropped their target price on shares of Beyond from $8.00 to $7.00 and set an “equal weight” rating on the stock in a research report on Thursday, January 9th. Argus cut shares of Beyond from a “hold” rating to a “sell” rating in a research note on Wednesday, December 18th. Finally, Wedbush restated an “outperform” rating and set a $15.00 price objective on shares of Beyond in a research note on Wednesday, February 5th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Beyond presently has an average rating of “Hold” and a consensus price target 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.