Barnes & Noble, Inc. (BKS) Plans Quarterly Dividend of $0.15
Barnes & Noble, Inc. (NYSE:BKS) declared a quarterly dividend on Tuesday, September 19th, RTT News reports. Shareholders of record on Friday, October 6th will be paid a dividend of 0.15 per share by the specialty retailer on Friday, October 27th. This represents a $0.60 annualized dividend and a yield of 8.51%.
Barnes & Noble has a payout ratio of 117.6% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities analysts expect Barnes & Noble to earn $0.56 per share next year, which means the company may not be able to cover its $0.60 annual dividend with an expected future payout ratio of 107.1%.
Shares of Barnes & Noble (BKS) traded down 0.70% during trading on Tuesday, reaching $7.05. The company’s stock had a trading volume of 491,937 shares. Barnes & Noble has a 52-week low of $6.25 and a 52-week high of $13.20. The firm’s 50-day moving average is $7.45 and its 200 day moving average is $7.85. The company has a market cap of $511.49 million, a PE ratio of 20.09 and a beta of 2.38.
Barnes & Noble (NYSE:BKS) last announced its quarterly earnings results on Thursday, September 7th. The specialty retailer reported ($0.15) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.12) by ($0.03). Barnes & Noble had a net margin of 0.67% and a return on equity of 4.48%. The firm had revenue of $853.00 million during the quarter, compared to the consensus estimate of $871.75 million. During the same quarter in the previous year, the company posted ($0.07) earnings per share. The firm’s revenue was down 6.7% on a year-over-year basis. On average, equities research analysts predict that Barnes & Noble will post $0.50 EPS for the current fiscal year.
BKS has been the subject of a number of recent analyst reports. ValuEngine downgraded Barnes & Noble from a “buy” rating to a “hold” rating in a report on Friday, June 2nd. BidaskClub downgraded Barnes & Noble from a “sell” rating to a “strong sell” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research downgraded Barnes & Noble from a “hold” rating to a “sell” rating in a research note on Thursday, September 14th.
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Barnes & Noble Company Profile
Barnes & Noble, Inc is a bookseller. The Company is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform. It operates in two segments: Barnes & Noble Retail (B&N Retail) and NOOK. The Company is engaged in the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other fiction), children’s books, eBooks and other digital content, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com.
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