Barnes & Noble Education (BNED) Getting Favorable Press Coverage, Study Shows

Media stories about Barnes & Noble Education (NYSE:BNED) have trended positive on Thursday, Accern Sentiment reports. Accern ranks the sentiment of media coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Barnes & Noble Education earned a coverage optimism score of 0.32 on Accern’s scale. Accern also gave news articles about the specialty retailer an impact score of 45.5262042012535 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

These are some of the news articles that may have effected Accern Sentiment’s scoring:

Barnes & Noble Education (NYSE:BNED) traded down 2.55% during trading on Thursday, reaching $6.12. 171,464 shares of the company’s stock traded hands. Barnes & Noble Education has a 12 month low of $5.03 and a 12 month high of $13.15. The firm’s 50 day moving average is $6.26 and its 200-day moving average is $6.26. The company’s market capitalization is $284.68 million.

Barnes & Noble Education (NYSE:BNED) last issued its quarterly 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). The company had revenue of $355.70 million for the quarter, compared to analyst estimates of $406.22 million. Barnes & Noble Education had a negative return on equity of 0.12% and a negative net margin of 0.08%. The firm’s quarterly revenue was up 48.7% on a year-over-year basis. During the same quarter last year, the company earned ($0.60) EPS. Analysts expect that Barnes & Noble Education will post $0.51 EPS for the current fiscal year.

Several analysts recently weighed in on BNED shares. Zacks Investment Research upgraded shares of Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $8.75 price objective on the stock in a research report on Tuesday, July 18th. BWS Financial downgraded shares of Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research report on Thursday, July 13th. Craig Hallum reiterated a “buy” rating and issued a $10.00 price objective (down from $16.00) on shares of Barnes & Noble Education in a research report on Thursday, August 31st. TheStreet downgraded shares of Barnes & Noble Education from a “c-” rating to a “d+” rating in a research report on Wednesday, August 23rd. Finally, ValuEngine upgraded shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target 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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