Barnes & Noble Education (NYSE:BNED) released its quarterly earnings results on Tuesday. The specialty retailer reported ($0.97) EPS for the quarter, missing analysts’ consensus estimates of ($0.03) by ($0.94), Briefing.com reports. Barnes & Noble Education had a negative net margin of 1.20% and a positive return on equity of 5.36%. The company had revenue of $334.40 million during the quarter, compared to the consensus estimate of $340.58 million. During the same quarter last year, the firm posted $0.36 EPS. The company’s quarterly revenue was down 6.5% on a year-over-year basis.
Shares of NYSE:BNED opened at $3.59 on Thursday. The business has a 50 day moving average price of $3.43. The company has a market capitalization of $143.06 million, a price-to-earnings ratio of 6.04 and a beta of 1.87. The company has a current ratio of 1.45, a quick ratio of 0.47 and a debt-to-equity ratio of 0.07. Barnes & Noble Education has a 52-week low of $2.91 and a 52-week high of $7.78.
Several equities research analysts recently commented on the company. Sidoti upgraded Barnes & Noble Education from a “neutral” rating to a “buy” rating and set a $4.00 target price on the stock in a research report on Wednesday. ValuEngine lowered Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research report on Monday, June 3rd. Needham & Company LLC assumed coverage on Barnes & Noble Education in a research report on Monday, April 8th. They set a “buy” rating and a $7.00 target price on the stock. Finally, TheStreet upgraded Barnes & Noble Education from a “d” rating to a “c-” rating in a research report on Wednesday, March 6th.
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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