Barnes & Noble Education (NYSE:BNED) Posts Quarterly Earnings Results

Barnes & Noble Education (NYSE:BNED) announced its quarterly earnings results on Tuesday, June 25th. The specialty retailer reported ($0.97) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.03) by ($0.94), reports. The business had revenue of $334.40 million during the quarter, compared to the consensus estimate of $340.58 million. Barnes & Noble Education had a positive return on equity of 5.36% and a negative net margin of 1.20%. The firm’s revenue was down 6.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.36 earnings per share.

Barnes & Noble Education stock traded up $0.02 during mid-day trading on Thursday, reaching $4.13. 552,947 shares of the company were exchanged, compared to its average volume of 561,094. The company has a current ratio of 1.45, a quick ratio of 0.42 and a debt-to-equity ratio of 0.07. Barnes & Noble Education has a 12 month low of $2.91 and a 12 month high of $7.78. The company has a market cap of $190.25 million, a price-to-earnings ratio of 7.69 and a beta of 1.83. The firm’s fifty day simple moving average is $3.34.

In related news, Chairman Michael Huseby bought 25,000 shares of the business’s stock in a transaction on Thursday, June 27th. The shares were purchased at an average cost of $3.60 per share, with a total value of $90,000.00. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 2.46% of the company’s stock.

Several brokerages recently commented on BNED. Needham & Company LLC started coverage on Barnes & Noble Education in a research report on Monday, April 8th. They set a “buy” rating and a $7.00 price target for the company. TheStreet raised Stitch Fix from a “d” rating to a “c-” rating in a research report on Wednesday, June 26th. Sidoti set a $8.00 price objective on Titan International and gave the company a “buy” rating in a research report on Wednesday, June 26th. Finally, ValuEngine lowered Intersect ENT from a “buy” rating to a “hold” rating in a research note on Monday, June 3rd.

Barnes & Noble Education Company Profile

Barnes & Noble Education, Inc operates bookstores for college and university campuses, and K-12 institutions in the United States. It operates in three segments: Barnes & Noble College, MBS Textbook Exchange, and Digital Student Solutions. The Barnes & Noble College segment sells and rents course material; offers a suite of digital content, software, and services through its LoudCloud platform, as well as e-textbooks; and sells general merchandise, including collegiate and athletic apparel, other custom-branded school spirit products, technology, supplies, and convenience items.

Further Reading: What Does a Sell-Side Analyst Rating Mean?

Earnings History for Barnes & Noble Education (NYSE:BNED)

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