Barnes & Noble Education (NYSE:BNED) released its quarterly earnings results on Wednesday. The specialty retailer reported $0.78 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.90 by ($0.12), Briefing.com reports. Barnes & Noble Education had a positive return on equity of 7.23% and a negative net margin of 0.89%. The firm had revenue of $772.20 million for the quarter, compared to analysts’ expectations of $773.79 million. During the same period last year, the firm earned $1.25 EPS. The business’s quarterly revenue was down 5.2% on a year-over-year basis.
Shares of NYSE BNED opened at $4.00 on Thursday. The company has a quick ratio of 0.18, a current ratio of 1.16 and a debt-to-equity ratio of 0.71. Barnes & Noble Education has a fifty-two week low of $2.82 and a fifty-two week high of $7.78. The business has a 50 day moving average price of $4.32 and a two-hundred day moving average price of $3.64. The firm has a market cap of $191.94 million, a PE ratio of 7.20 and a beta of 1.86.
In related news, major shareholder Master Fund Lp Outerbridge bought 1,073,216 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were acquired at an average price of $3.21 per share, for a total transaction of $3,445,023.36. Also, EVP Kanuj Malhotra sold 21,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $4.48, for a total transaction of $94,080.00. Insiders have acquired a total of 1,718,757 shares of company stock worth $5,440,044 over the last 90 days. 3.12% of the stock is owned by company insiders.
A number of research firms have weighed in on BNED. Sidoti cut shares of Barnes & Noble Education from a “buy” rating to a “neutral” rating and set a $4.00 price objective for the company. in a research report on Tuesday, September 17th. ValuEngine raised Barnes & Noble Education from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd.
About Barnes & Noble Education
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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