Wall Street analysts expect Barnes & Noble Education, Inc (NYSE:BNED) to report earnings per share of $0.20 for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Barnes & Noble Education’s earnings. The highest EPS estimate is $0.21 and the lowest is $0.20. Barnes & Noble Education posted earnings of $0.07 per share in the same quarter last year, which would suggest a positive year over year growth rate of 185.7%. The business is scheduled to announce its next earnings report before the market opens on Wednesday, July 12th.
According to Zacks, analysts expect that Barnes & Noble Education will report full year earnings of $0.31 per share for the current fiscal year, with EPS estimates ranging from $0.30 to $0.32. For the next fiscal year, analysts anticipate that the company will post earnings of $0.32 per share, with EPS estimates ranging from $0.28 to $0.36. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Barnes & Noble Education.
A number of research analysts recently commented on the stock. Zacks Investment Research raised shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Tuesday, May 2nd. BWS Financial reaffirmed a “strong-buy” rating and issued a $14.00 price target on shares of Barnes & Noble Education in a report on Wednesday, April 5th.
In related news, VP Lisa Malat sold 9,000 shares of the stock in a transaction dated Friday, April 7th. The shares were sold at an average price of $9.83, for a total value of $88,470.00. Following the completion of the transaction, the vice president now owns 62,667 shares of the company’s stock, valued at approximately $616,016.61. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 2.37% of the stock is currently owned by company insiders.
A number of hedge funds have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Barnes & Noble Education by 316.8% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,841 shares of the specialty retailer’s stock worth $114,000 after buying an additional 9,000 shares during the period. Karp Capital Management Corp purchased a new stake in Barnes & Noble Education during the first quarter worth $114,000. Lucus Advisors LLC purchased a new stake in Barnes & Noble Education during the first quarter worth $116,000. Public Employees Retirement System of Ohio raised its stake in Barnes & Noble Education by 38.5% in the first quarter. Public Employees Retirement System of Ohio now owns 13,215 shares of the specialty retailer’s stock worth $127,000 after buying an additional 3,675 shares during the period. Finally, Louisiana State Employees Retirement System raised its stake in Barnes & Noble Education by 1.9% in the first quarter. Louisiana State Employees Retirement System now owns 15,700 shares of the specialty retailer’s stock worth $151,000 after buying an additional 300 shares during the period. 68.45% of the stock is currently owned by institutional investors.
Barnes & Noble Education (NYSE BNED) traded up 1.22% on Tuesday, hitting $10.76. The stock had a trading volume of 190,818 shares. The firm has a market cap of $499.77 million, a price-to-earnings ratio of 215.20 and a beta of 1.02. The company’s 50 day moving average price is $9.95 and its 200 day moving average price is $10.31. Barnes & Noble Education has a 52-week low of $8.75 and a 52-week high of $13.15.
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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