News headlines about Barnes & Noble Education (NYSE:BNED) have been trending positive on Tuesday, according to Accern Sentiment. The research firm scores the sentiment of news coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Barnes & Noble Education earned a news sentiment score of 0.32 on Accern’s scale. Accern also gave news stories about the specialty retailer an impact score of 44.8590459535484 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Shares of Barnes & Noble Education (NYSE:BNED) traded up 6.00% during midday trading on Tuesday, hitting $5.83. The stock had a trading volume of 583,248 shares. Barnes & Noble Education has a 52-week low of $5.48 and a 52-week high of $13.15. The firm has a 50 day moving average price of $5.50 and a 200-day moving average price of $9.31. The stock has a market cap of $271.19 million, a PE ratio of 53.00 and a beta of 1.00.
Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) earnings per share for the quarter, missing the 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 company had revenue of $355.70 million for the quarter, compared to analyst estimates of $406.22 million. During the same quarter last year, the company earned ($0.60) EPS. The firm’s revenue for the quarter was up 48.7% on a year-over-year basis. Equities analysts predict that Barnes & Noble Education will post $0.51 EPS for the current fiscal year.
A number of research analysts recently weighed in on BNED shares. Zacks Investment Research raised Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research report on Tuesday, July 18th. BWS Financial downgraded Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research note on Thursday, July 13th. BidaskClub downgraded Barnes & Noble Education from a “sell” rating to a “strong sell” rating in a research note on Friday, August 4th. TheStreet downgraded Barnes & Noble Education from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. Finally, ValuEngine downgraded Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and two have assigned a buy rating to the company’s stock. Barnes & Noble Education 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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