Bath & Body Works (NYSE:BBWI) Releases Q3 2024 Earnings Guidance

Bath & Body Works (NYSE:BBWI) issued an update on its third quarter 2024 earnings guidance on Wednesday morning. The company provided EPS guidance of 0.480-0.480 for the period, compared to the consensus EPS estimate of 0.530. The company issued revenue guidance of $1.6 billion-$1.6 billion, compared to the consensus revenue estimate of $1.6 billion. Bath & Body Works also updated its FY 2024 guidance to 3.060-3.260 EPS.

Wall Street Analysts Forecast Growth

BBWI has been the topic of a number of recent research reports. Barclays decreased their target price on Bath & Body Works from $45.00 to $32.00 and set an equal weight rating on the stock in a research report on Wednesday, August 7th. Piper Sandler lowered their price objective on Bath & Body Works from $47.00 to $39.00 and set a neutral rating on the stock in a research report on Thursday, July 11th. JPMorgan Chase & Co. raised Bath & Body Works from an underweight rating to a neutral rating and raised their target price for the stock from $40.00 to $53.00 in a research report on Friday, May 17th. Telsey Advisory Group reaffirmed an outperform rating and set a $53.00 price objective on shares of Bath & Body Works in a report on Wednesday, August 21st. Finally, Citigroup decreased their price target on Bath & Body Works from $48.00 to $35.00 and set a neutral rating on the stock in a research note on Tuesday, August 20th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Hold and a consensus target price of $46.20.

Bath & Body Works Trading Down 1.3 %

Bath & Body Works stock opened at $34.72 on Wednesday. The company has a market cap of $7.75 billion, a PE ratio of 8.95, a PEG ratio of 1.16 and a beta of 1.85. Bath & Body Works has a 1 year low of $27.30 and a 1 year high of $52.99. The company’s 50-day moving average is $36.09 and its two-hundred day moving average is $42.84.

Bath & Body Works (NYSE:BBWI) last posted its quarterly earnings results on Tuesday, June 4th. The company reported $0.38 earnings per share for the quarter, topping analysts’ consensus estimates of $0.33 by $0.05. Bath & Body Works had a net margin of 11.92% and a negative return on equity of 40.00%. The business had revenue of $1.38 billion during the quarter, compared to the consensus estimate of $1.37 billion. During the same period in the previous year, the firm posted $0.33 earnings per share. Bath & Body Works’s revenue for the quarter was down .9% compared to the same quarter last year. Research analysts forecast that Bath & Body Works will post 3.29 EPS for the current year.

Bath & Body Works Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 6th. Investors of record on Friday, August 23rd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date of this dividend is Friday, August 23rd. Bath & Body Works’s payout ratio is presently 20.62%.

Bath & Body Works Company Profile

Bath & Body Works, Inc operates a specialty retailer of home fragrance, body care, and soaps and sanitizer products. It sells its products under the Bath & Body Works, White Barn, and other brand names through retail stores and e-commerce sites located in the United States and Canada, as well as through international stores operated by partners under franchise, license, and wholesale arrangements.