Wall Street brokerages forecast that Barnes & Noble Education, Inc (NYSE:BNED) will post earnings per share of $1.04 for the current fiscal quarter, according to Zacks. Two analysts have made estimates for Barnes & Noble Education’s earnings, with the highest EPS estimate coming in at $1.08 and the lowest estimate coming in at $1.00. Barnes & Noble Education reported earnings per share of $0.64 in the same quarter last year, which would indicate a positive year over year growth rate of 62.5%. The company is expected to announce its next quarterly earnings report on Tuesday, December 5th.

According to Zacks, analysts expect that Barnes & Noble Education will report full-year earnings of $0.51 per share for the current year, with EPS estimates ranging from $0.50 to $0.51. For the next year, analysts expect that the business will post earnings of $0.63 per share. Zacks’ earnings per share averages are an average based on a survey of research firms that follow Barnes & Noble Education.

Barnes & Noble Education (NYSE:BNED) last posted its earnings results on Wednesday, August 30th. The specialty retailer reported ($0.75) EPS 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 firm had revenue of $355.70 million during the quarter, compared to analyst estimates of $406.22 million. During the same period in the previous year, the company posted ($0.60) EPS. Barnes & Noble Education’s revenue for the quarter was up 48.7% compared to the same quarter last year.

BNED has been the topic of a number of research reports. 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 report on Tuesday, July 18th. BWS Financial cut shares of Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a report on Thursday, July 13th. Craig Hallum reaffirmed a “buy” rating and issued a $10.00 price target (down previously from $16.00) on shares of Barnes & Noble Education in a report on Thursday, August 31st. TheStreet cut shares of Barnes & Noble Education from a “c-” rating to a “d+” rating in a report on Wednesday, August 23rd. Finally, ValuEngine raised shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a report on Monday, October 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $10.92.

A number of hedge funds have recently modified their holdings of the business. Aperio Group LLC raised its holdings in Barnes & Noble Education by 1.3% during the 2nd quarter. Aperio Group LLC now owns 12,020 shares of the specialty retailer’s stock valued at $128,000 after acquiring an additional 154 shares during the period. Wells Fargo & Company MN raised its holdings in Barnes & Noble Education by 0.5% during the 1st quarter. Wells Fargo & Company MN now owns 36,915 shares of the specialty retailer’s stock valued at $354,000 after acquiring an additional 190 shares during the period. Texas Permanent School Fund raised its holdings in Barnes & Noble Education by 0.8% during the 2nd quarter. Texas Permanent School Fund now owns 28,147 shares of the specialty retailer’s stock valued at $299,000 after acquiring an additional 235 shares during the period. Arizona State Retirement System raised its holdings in Barnes & Noble Education by 2.0% during the 1st quarter. Arizona State Retirement System now owns 20,125 shares of the specialty retailer’s stock valued at $193,000 after acquiring an additional 400 shares during the period. Finally, Citigroup Inc. raised its holdings in Barnes & Noble Education by 1.3% during the 2nd quarter. Citigroup Inc. now owns 44,055 shares of the specialty retailer’s stock valued at $469,000 after acquiring an additional 560 shares during the period. 68.99% of the stock is currently owned by institutional investors and hedge funds.

Barnes & Noble Education (NYSE BNED) traded up 3.85% during trading on Tuesday, hitting $6.48. The stock had a trading volume of 225,954 shares. The firm’s market capitalization is $301.43 million. Barnes & Noble Education has a 1-year low of $5.03 and a 1-year high of $13.15. The firm has a 50 day moving average price of $6.26 and a 200-day moving average price of $6.26.

ILLEGAL ACTIVITY WARNING: This piece was reported by Watch List News and is owned by of Watch List News. If you are reading this piece on another publication, it was stolen and republished in violation of US & international trademark & copyright laws. The correct version of this piece can be viewed at https://www.watchlistnews.com/barnes-noble-education-inc-bned-expected-to-post-earnings-of-1-04-per-share/1637357.html.

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.

Get a free copy of the Zacks research report on Barnes & Noble Education (BNED)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Barnes & Noble Education Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Barnes & Noble Education Inc and related companies with Analyst Ratings Network's FREE daily email newsletter.