Brokerages Expect Barnes & Noble Education Inc. (BNED) to Announce $0.82 EPS
Shares of Barnes & Noble Education Inc. (NYSE:BNED) have been assigned a consensus broker rating score of 2.00 (Buy) from the three analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company.
Brokerages have set a 1-year consensus target price of $17.00 for the company and are predicting that the company will post $0.82 earnings per share for the current quarter, according to Zacks. Zacks has also given Barnes & Noble Education an industry rank of 165 out of 265 based on the ratings given to related companies.
Several equities research analysts recently issued reports on the company. BWS Financial assumed coverage on Barnes & Noble Education in a report on Tuesday. They issued a “strong-buy” rating and a $14.00 price objective on the stock. Zacks Investment Research cut Barnes & Noble Education from a “buy” rating to a “hold” rating in a report on Tuesday, August 30th.
Barnes & Noble Education (NYSE:BNED) opened at 9.62 on Tuesday. Barnes & Noble Education has a 52 week low of $8.15 and a 52 week high of $15.49. The company’s market cap is $443.21 million. The company has a 50-day moving average price of $10.16 and a 200 day moving average price of $10.20.
Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings data on Thursday, September 8th. The company reported ($0.60) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.58) by $0.02. Barnes & Noble Education had a positive return on equity of 2.22% and a negative net margin of 0.05%. The firm earned $239.20 million during the quarter, compared to analyst estimates of $245.58 million. During the same quarter in the previous year, the firm posted ($0.65) earnings per share. The company’s quarterly revenue was up .1% on a year-over-year basis. On average, equities research analysts forecast that Barnes & Noble Education will post $0.44 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently modified their holdings of BNED. Fox Run Management L.L.C. bought a new position in shares of Barnes & Noble Education during the third quarter valued at $107,000. Schwab Charles Investment Management Inc. boosted its position in shares of Barnes & Noble Education by 72.7% in the second quarter. Schwab Charles Investment Management Inc. now owns 194,107 shares of the company’s stock valued at $1,971,000 after buying an additional 81,730 shares in the last quarter. Metropolitan Life Insurance Co. NY boosted its position in shares of Barnes & Noble Education by 34.4% in the second quarter. Metropolitan Life Insurance Co. NY now owns 30,488 shares of the company’s stock valued at $309,000 after buying an additional 7,807 shares in the last quarter. Arizona State Retirement System raised its stake in Barnes & Noble Education by 1.5% in the second quarter. Arizona State Retirement System now owns 20,325 shares of the company’s stock valued at $206,000 after buying an additional 300 shares during the last quarter. Finally, Highbridge Capital Management LLC purchased a new stake in Barnes & Noble Education during the second quarter valued at approximately $135,000. Institutional investors and hedge funds own 66.67% of the company’s stock.
Barnes & Noble Education Company Profile
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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