Barnes & Noble Education (BNED) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS
Barnes & Noble Education (NYSE:BNED) posted its quarterly earnings data on Tuesday. The specialty retailer reported $1.03 EPS for the quarter, topping the consensus estimate of $0.91 by $0.12, Briefing.com reports. The firm had revenue of $886.90 million during the quarter, compared to analyst estimates of $868.17 million. Barnes & Noble Education had a negative net margin of 0.08% and a negative return on equity of 0.12%. Barnes & Noble Education’s revenue was up 15.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.64 EPS.
Shares of Barnes & Noble Education (NYSE BNED) traded up $1.44 during trading on Wednesday, reaching $7.73. 2,897,800 shares of the company’s stock were exchanged, compared to its average volume of 313,743. The company has a current ratio of 1.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.18. Barnes & Noble Education has a twelve month low of $4.99 and a twelve month high of $13.15.
BNED has been the subject of several recent analyst reports. BWS Financial reiterated a “buy” rating and set a $14.00 price objective on shares of Barnes & Noble Education in a research note on Friday, September 1st. Craig Hallum reiterated a “buy” rating and set a $10.00 price objective (down previously from $16.00) on shares of Barnes & Noble Education in a research note on Thursday, August 31st. TheStreet lowered shares of Barnes & Noble Education from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. Zacks Investment Research upgraded shares of Barnes & Noble Education from a “strong sell” rating to a “hold” rating in a research note on Wednesday, November 8th. Finally, ValuEngine upgraded shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research note on Monday, October 2nd. One research 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 presently has a consensus rating of “Hold” and a consensus target price of $10.92.
COPYRIGHT VIOLATION NOTICE: “Barnes & Noble Education (BNED) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS” was originally reported by TheOlympiaReport and is the property of of TheOlympiaReport. If you are accessing this piece on another website, it was illegally copied and republished in violation of international copyright & trademark laws. The original version of this piece can be accessed at https://theolympiareport.com/2017/12/06/barnes-noble-education-bned-releases-quarterly-earnings-results-beats-expectations-by-0-12-eps-2.html.
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.
Receive News & Ratings for Barnes & Noble Education Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes & Noble Education Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.