Barnes & Noble Education (BNED) Issues Earnings Results, Beats Expectations By $0.08 EPS

Barnes & Noble Education (NYSE:BNED) posted its earnings results on Tuesday. The specialty retailer reported $1.25 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.17 by $0.08, Briefing.com reports. The business had revenue of $814.80 million for the quarter, compared to analysts’ expectations of $842.45 million. Barnes & Noble Education had a negative net margin of 11.73% and a negative return on equity of 49.33%. The firm’s revenue for the quarter was down 8.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.03 earnings per share. Barnes & Noble Education updated its FY 2019 guidance to EPS.

NYSE BNED opened at $4.47 on Wednesday. The stock has a market capitalization of $312.93 million, a P/E ratio of 3.66 and a beta of 0.35. Barnes & Noble Education has a twelve month low of $4.40 and a twelve month high of $9.10. The company has a current ratio of 1.32, a quick ratio of 0.21 and a debt-to-equity ratio of 0.30.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. United Services Automobile Association increased its stake in Barnes & Noble Education by 51.7% in the second quarter. United Services Automobile Association now owns 26,505 shares of the specialty retailer’s stock valued at $149,000 after acquiring an additional 9,032 shares during the period. Bank of New York Mellon Corp grew its stake in Barnes & Noble Education by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 438,651 shares of the specialty retailer’s stock worth $2,526,000 after buying an additional 9,302 shares during the last quarter. Principal Financial Group Inc. grew its stake in Barnes & Noble Education by 3.5% during the first quarter. Principal Financial Group Inc. now owns 287,669 shares of the specialty retailer’s stock worth $1,982,000 after buying an additional 9,614 shares during the last quarter. Globeflex Capital L P grew its stake in Barnes & Noble Education by 13.4% during the second quarter. Globeflex Capital L P now owns 89,078 shares of the specialty retailer’s stock worth $502,000 after buying an additional 10,545 shares during the last quarter. Finally, Martingale Asset Management L P grew its stake in Barnes & Noble Education by 26.9% during the third quarter. Martingale Asset Management L P now owns 53,338 shares of the specialty retailer’s stock worth $308,000 after buying an additional 11,306 shares during the last quarter. 73.97% of the stock is currently owned by institutional investors and hedge funds.



Separately, ValuEngine cut shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Wednesday, September 12th.

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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.

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

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