Barnes & Noble Education (BNED) Earning Favorable Press Coverage, Study Finds
News coverage about Barnes & Noble Education (NYSE:BNED) has trended positive on Friday, according to Accern Sentiment. The research firm identifies positive and negative news coverage by analyzing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Barnes & Noble Education earned a media sentiment score of 0.30 on Accern’s scale. Accern also gave media headlines about the specialty retailer an impact score of 45.3474353579445 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Several research firms have weighed in on BNED. BidaskClub cut shares of Barnes & Noble Education from a “buy” rating to a “hold” rating in a research note on Tuesday, July 11th. ValuEngine cut shares of Barnes & Noble Education from a “hold” rating to a “sell” rating in a research note on Thursday, July 13th. Zacks Investment Research raised shares of Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $8.75 price target on the stock in a research note on Tuesday, July 18th. BWS Financial cut shares of Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, TheStreet cut shares of Barnes & Noble Education from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.92.
Barnes & Noble Education (NYSE:BNED) traded down 0.89% during mid-day trading on Friday, hitting $6.68. 229,046 shares of the stock were exchanged. The company has a 50 day moving average price of $6.25 and a 200 day moving average price of $6.25. Barnes & Noble Education has a 52 week low of $5.26 and a 52 week high of $13.15. The stock’s market cap is $310.73 million.
Barnes & Noble Education (NYSE:BNED) last posted its quarterly earnings data 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 net margin of 0.08% and a negative return on equity of 0.12%. The business had revenue of $355.70 million during the quarter, compared to the consensus estimate of $406.22 million. During the same period in the prior year, the company posted ($0.60) earnings per share. The firm’s revenue was up 48.7% compared to the same quarter last year. Analysts expect that Barnes & Noble Education will post $0.51 EPS for the current fiscal year.
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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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