Bath & Body Works (BBWI) to Release Earnings on Thursday

Bath & Body Works (NYSE:BBWI - Get Free Report) is anticipated to issue its quarterly earnings data before the market opens on Thursday, February 27th. Analysts expect the company to announce earnings of $2.04 per share and revenue of $2.78 billion for the quarter. Bath & Body Works has set its Q4 guidance at $1.94-2.07 EPS and its Q4 2024 guidance at 1.940-2.070 EPS.Investors that wish to listen to the company's conference call can do so using this link.

Bath & Body Works (NYSE:BBWI - Get Free Report) last released its quarterly earnings results on Monday, November 25th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.46 by $0.03. The firm had revenue of $1.61 billion for the quarter, compared to analyst estimates of $1.58 billion. Bath & Body Works had a negative return on equity of 44.03% and a net margin of 12.43%. Bath & Body Works's revenue for the quarter was up 3.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.48 EPS. On average, analysts expect Bath & Body Works to post $3 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Bath & Body Works Price Performance

Shares of NYSE:BBWI traded down $1.84 during midday trading on Friday, reaching $38.51. The company had a trading volume of 5,441,380 shares, compared to its average volume of 3,106,371. The stock has a market capitalization of $8.34 billion, a P/E ratio of 9.39, a PEG ratio of 0.96 and a beta of 1.83. The stock's fifty day moving average price is $37.70 and its 200-day moving average price is $33.86. Bath & Body Works has a one year low of $26.20 and a one year high of $52.99.

Bath & Body Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Friday, February 21st will be given a $0.20 dividend. This represents a $0.80 annualized dividend and a dividend yield of 2.08%. The ex-dividend date of this dividend is Friday, February 21st. Bath & Body Works's payout ratio is currently 19.51%.

Wall Street Analyst Weigh In

BBWI has been the subject of a number of research reports. Argus reiterated a "hold" rating on shares of Bath & Body Works in a research note on Friday, January 10th. Piper Sandler lifted their target price on Bath & Body Works from $36.00 to $39.00 and gave the stock a "neutral" rating in a research report on Monday, January 6th. Morgan Stanley lowered their price target on Bath & Body Works from $51.00 to $48.00 and set an "overweight" rating for the company in a report on Thursday, November 21st. Wells Fargo & Company upgraded Bath & Body Works from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $42.00 to $48.00 in a research note on Friday, January 10th. Finally, TD Cowen boosted their target price on shares of Bath & Body Works from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eleven have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $43.63.

Bath & Body Works Company Profile

Bath & Body Works, Inc is a specialty retailers and home to America's Favorite Fragrances, offering a breadth of exclusive fragrances for the body and home, including the selling collections for fine fragrance mist, body lotion and body cream, 3-wick candles, home fragrance diffusers and liquid hand soap.