Brokerages forecast that Barnes & Noble Education, Inc (NYSE:BNED) will post $857.29 million in sales for the current fiscal quarter, according to Zacks Investment Research. Two analysts have made estimates for Barnes & Noble Education’s earnings, with estimates ranging from $855.16 million to $859.43 million. Barnes & Noble Education posted sales of $770.67 million during the same quarter last year, which suggests a positive year over year growth rate of 11.2%. The company is expected to report its next earnings report on Tuesday, December 5th.

On average, analysts expect that Barnes & Noble Education will report full-year sales of $857.29 million for the current financial year, with estimates ranging from $2.15 billion to $2.19 billion. For the next fiscal year, analysts expect that the firm will report sales of $2.15 billion per share. Zacks’ sales calculations are a mean average based on a survey of analysts that that provide coverage for Barnes & Noble Education.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.69) by ($0.06). Barnes & Noble Education had a negative net margin of 0.08% and a negative return on equity of 0.12%. The company had revenue of $355.70 million during the quarter, compared to analyst estimates of $406.22 million. During the same period in the prior year, the business posted ($0.60) EPS. Barnes & Noble Education’s revenue was up 48.7% compared to the same quarter last year.

A number of brokerages recently weighed in on BNED. Zacks Investment Research lowered Barnes & Noble Education from a “buy” rating to a “hold” rating in a report on Wednesday, August 9th. BidaskClub lowered Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a report on Thursday. ValuEngine raised Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. BWS Financial lowered Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a report on Thursday, July 13th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $10.00 price objective (down previously from $16.00) on shares of Barnes & Noble Education in a report on Thursday, August 31st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $10.92.

A number of institutional investors have recently bought and sold shares of the business. Aperio Group LLC grew its holdings in Barnes & Noble Education by 1.3% in the second quarter. Aperio Group LLC now owns 12,020 shares of the specialty retailer’s stock valued at $128,000 after purchasing an additional 154 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Barnes & Noble Education by 0.5% in the first quarter. Wells Fargo & Company MN now owns 36,915 shares of the specialty retailer’s stock valued at $354,000 after purchasing an additional 190 shares during the last quarter. Texas Permanent School Fund grew its holdings in Barnes & Noble Education by 0.8% in the second quarter. Texas Permanent School Fund now owns 28,147 shares of the specialty retailer’s stock valued at $299,000 after purchasing an additional 235 shares during the last quarter. Arizona State Retirement System grew its holdings in Barnes & Noble Education by 2.0% in the first quarter. Arizona State Retirement System now owns 20,125 shares of the specialty retailer’s stock valued at $193,000 after purchasing an additional 400 shares during the last quarter. Finally, Citigroup Inc. grew its holdings in Barnes & Noble Education by 1.3% in the second quarter. Citigroup Inc. now owns 44,055 shares of the specialty retailer’s stock valued at $469,000 after purchasing an additional 560 shares during the last quarter. 68.99% of the stock is currently owned by institutional investors.

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Shares of Barnes & Noble Education (NYSE:BNED) opened at 6.28 on Thursday. Barnes & Noble Education has a 1-year low of $5.03 and a 1-year high of $13.15. The firm’s market cap is $292.13 million. The company has a 50-day moving average of $6.27 and a 200-day moving average of $6.27.

About Barnes & Noble Education

Barnes & Noble Education, Inc is a contract operator of bookstores on college and university campuses across the United States and a provider of digital education services. The Company offers a support system, and a retail and digital learning experience for students. Through its subsidiary, Barnes & Noble College Booksellers, LLC, the Company operates approximately 750 campus bookstores and the school-branded e-commerce sites for each store, serving over five million college students and their faculty.

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