Zacks: Analysts Anticipate Barnes & Noble Education, Inc (BNED) to Post $1.04 EPS

Equities research analysts predict that Barnes & Noble Education, Inc (NYSE:BNED) will post earnings per share of $1.04 for the current fiscal quarter, according to Zacks Investment Research. Two analysts have provided estimates for Barnes & Noble Education’s earnings, with the lowest EPS estimate coming in at $1.00 and the highest estimate coming in at $1.08. Barnes & Noble Education posted earnings of $0.64 per share in the same quarter last year, which indicates a positive year over year growth rate of 62.5%. The business is expected to report its next quarterly earnings results on Tuesday, December 5th.

On average, analysts expect that Barnes & Noble Education will report full year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.50 to $0.51. For the next year, analysts expect that the firm will report earnings of $0.63 per share. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research firms that follow Barnes & Noble Education.

Barnes & Noble Education (NYSE:BNED) last issued its earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.69) by ($0.06). Barnes & Noble Education had a negative return on equity of 0.12% and a negative net margin of 0.08%. The business had revenue of $355.70 million for the quarter, compared to the consensus estimate of $406.22 million. During the same quarter in the previous year, the company earned ($0.60) earnings per share. The firm’s revenue was up 48.7% on a year-over-year basis.

BNED has been the subject of a number of analyst reports. ValuEngine raised Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. BidaskClub raised Barnes & Noble Education from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 27th. BWS Financial reissued a “buy” rating and set a $14.00 price objective on shares of Barnes & Noble Education in a research report on Friday, September 1st. Craig Hallum reissued a “buy” rating and set a $10.00 price objective (down from $16.00) on shares of Barnes & Noble Education in a research report on Thursday, August 31st. Finally, TheStreet downgraded Barnes & Noble Education from a “c-” rating to a “d+” rating in a research report on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $10.92.

Shares of Barnes & Noble Education (BNED) traded down 0.78% on Tuesday, reaching $6.37. 246,841 shares of the company’s stock traded hands. The firm’s market capitalization is $296.31 million. The firm’s 50 day moving average is $6.27 and its 200 day moving average is $6.27. Barnes & Noble Education has a 52 week low of $5.26 and a 52 week high of $13.15.

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Institutional investors have recently made changes to their positions in the company. Vivaldi Asset Management LLC acquired a new position in shares of Barnes & Noble Education during the second quarter worth about $6,758,000. Kennedy Capital Management Inc. acquired a new position in shares of Barnes & Noble Education during the second quarter worth about $1,816,000. Cornerstone Capital Management Holdings LLC. grew its position in shares of Barnes & Noble Education by 711.6% during the first quarter. Cornerstone Capital Management Holdings LLC. now owns 56,000 shares of the specialty retailer’s stock worth $536,000 after buying an additional 49,100 shares in the last quarter. OppenheimerFunds Inc. grew its position in shares of Barnes & Noble Education by 53.4% during the first quarter. OppenheimerFunds Inc. now owns 140,959 shares of the specialty retailer’s stock worth $1,352,000 after buying an additional 49,073 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Barnes & Noble Education by 0.5% during the first quarter. Wells Fargo & Company MN now owns 36,915 shares of the specialty retailer’s stock worth $354,000 after buying an additional 190 shares in the last quarter. 68.99% of the stock is owned by institutional investors and hedge funds.

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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