Best Buy (BBY) Tops Q4 EPS by 28c, Sales Miss; Guides Q1 Below Views, New $3B Buyback and Raised Dividend
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Jefferies Remains Sidelined on Best Buy (BBY) Following 4Q
March 2, 2017 7:30 AM ESTJefferies reiterated a Hold rating and $43.00 price target on Best Buy (NYSE: BBY) following the company's 4Q earnings report. Relative to expectations, taxes helped 4Q EPS by $0.14, but the swing y-y in the rate was worth $0.10.
Analyst Daniel Binder commented, "While... More
Best Buy (BBY) Raises Quarterly Dividend 21.4% to $0.34; $3B Buyback
March 1, 2017 7:06 AM ESTBest Buy (NYSE: BBY) declared a quarterly dividend of $0.34 per share, or $1.36 annualized. This is a 21.4% increase from the prior dividend of $0.28. The dividend will be payable on April 12, 2017, to stockholders of record on March 22, 2017, with an ex-dividend date of March 20, 2017. The annual... More
