Barnes & Noble Education (BNED) Releases Quarterly Earnings Results, Beats Estimates By $0.12 EPS
Barnes & Noble Education (NYSE:BNED) announced its quarterly earnings results on Tuesday. The specialty retailer reported $1.03 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.12, Briefing.com reports. Barnes & Noble Education had a negative return on equity of 0.12% and a negative net margin of 0.08%. The business had revenue of $886.90 million for the quarter, compared to analyst estimates of $868.17 million. During the same quarter in the prior year, the company posted $0.64 EPS. The company’s quarterly revenue was up 15.1% on a year-over-year basis.
Barnes & Noble Education (NYSE BNED) opened at $7.73 on Wednesday. Barnes & Noble Education has a 12 month low of $4.99 and a 12 month high of $13.15. The company has a quick ratio of 0.21, a current ratio of 1.32 and a debt-to-equity ratio of 0.18.
BNED has been the topic of several research reports. TheStreet lowered Barnes & Noble Education from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. Zacks Investment Research lowered Barnes & Noble Education from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 31st. Craig Hallum reissued a “buy” rating and set a $10.00 target price (down previously from $16.00) on shares of Barnes & Noble Education in a research note on Thursday, August 31st. BWS Financial reissued a “buy” rating and set a $14.00 target price on shares of Barnes & Noble Education in a research note on Friday, September 1st. Finally, BidaskClub lowered Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research note on Thursday, November 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $10.92.
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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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