Barnes & Noble Education (NYSE:BNED) posted its quarterly earnings data on Tuesday. The specialty retailer reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.91 by $0.12, Briefing.com reports. Barnes & Noble Education had a net margin of 0.84% and a return on equity of 2.55%. The company had revenue of $886.90 million during the quarter, compared to analyst estimates of $868.17 million. During the same period in the prior year, the firm earned $0.64 earnings per share. The business’s quarterly revenue was up 15.1% on a year-over-year basis.
Barnes & Noble Education (NYSE BNED) opened at $7.70 on Thursday. Barnes & Noble Education has a twelve month low of $4.99 and a twelve month high of $13.15. The company has a market capitalization of $362.65, a P/E ratio of 20.89, a P/E/G ratio of 0.77 and a beta of 1.14. The company has a quick ratio of 0.21, a current ratio of 1.32 and a debt-to-equity ratio of 0.18.
A number of analysts have commented on BNED shares. BWS Financial reaffirmed 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 issued a $10.00 target price (down previously from $16.00) on shares of Barnes & Noble Education in a report on Thursday, August 31st. TheStreet downgraded Barnes & Noble Education from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded Barnes & Noble Education from a “strong sell” rating to a “hold” rating in a report on Wednesday, November 8th. Finally, ValuEngine upgraded Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. Barnes & Noble Education has an average rating of “Hold” and a consensus target price of $10.92.
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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.
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