Barnes & Noble Education (NYSE:BNED) Posts Earnings Results, Misses Expectations By $0.94 EPS

Barnes & Noble Education (NYSE:BNED) posted its earnings results on Tuesday. The specialty retailer reported ($0.97) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.94), reports. The firm had revenue of $334.40 million during the quarter, compared to analysts’ expectations of $340.58 million. Barnes & Noble Education had a positive return on equity of 5.36% and a negative net margin of 1.20%. Barnes & Noble Education’s quarterly revenue was down 6.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.36 earnings per share.

NYSE:BNED opened at $3.46 on Friday. The company has a quick ratio of 0.47, a current ratio of 1.45 and a debt-to-equity ratio of 0.07. The stock has a market capitalization of $170.75 million, a P/E ratio of 6.90 and a beta of 1.87. Barnes & Noble Education has a 12 month low of $2.91 and a 12 month high of $7.78. The stock has a 50-day moving average price of $3.42.

A number of equities research analysts recently commented on BNED shares. ValuEngine downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Tuesday, March 5th. TheStreet upgraded Barnes & Noble Education from a “d” rating to a “c-” rating in a research report on Wednesday, March 6th. Needham & Company LLC started coverage on Barnes & Noble Education in a research report on Monday, April 8th. They issued a “buy” rating and a $7.00 target price on the stock. Finally, Sidoti set a $4.00 target price on Barnes & Noble Education and gave the stock a “hold” rating in a research report on Monday, June 10th.

In other news, Chairman Michael Huseby bought 25,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 27th. The shares were bought at an average cost of $3.60 per share, for a total transaction of $90,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 2.46% of the stock is currently owned by insiders.

About Barnes & Noble Education

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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