Barnes & Noble Education (BNED) Expected to Announce Quarterly Earnings on Monday

Barnes & Noble Education (NYSE:BNED) is projected to issue its quarterly earnings data before the market opens on Monday, March 10th. Analysts expect the company to announce earnings of $0.12 per share and revenue of $467.97 million for the quarter.

Barnes & Noble Education (NYSE:BNED) last released its earnings results on Monday, December 9th. The specialty retailer reported $1.91 EPS for the quarter. Barnes & Noble Education had a negative net margin of 5.57% and a negative return on equity of 6.95%.

Barnes & Noble Education Stock Up 5.6 %

Barnes & Noble Education stock opened at $9.54 on Friday. The stock has a market cap of $288.09 million, a price-to-earnings ratio of -0.28 and a beta of 2.11. The company has a current ratio of 1.31, a quick ratio of 0.71 and a debt-to-equity ratio of 0.87. The company’s 50-day moving average price is $10.54 and its two-hundred day moving average price is $10.61. Barnes & Noble Education has a 52 week low of $6.05 and a 52 week high of $135.00.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Barnes & Noble Education from a “sell” rating to a “hold” rating in a research note on Tuesday, January 21st.

Hedge Funds Weigh In On Barnes & Noble Education

An institutional investor recently raised its position in Barnes & Noble Education stock. Bank of America Corp DE lifted its holdings in Barnes & Noble Education, Inc. (NYSE:BNED) by 1,412.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,139 shares of the specialty retailer’s stock after purchasing an additional 5,733 shares during the period. Bank of America Corp DE’s holdings in Barnes & Noble Education were worth $62,000 at the end of the most recent reporting period. Institutional investors own 38.51% of the company’s stock.

Barnes & Noble Education Company Profile

Barnes and Noble Education, Inc engages in the management and operation of bookstore chains in universities. It operates through the Retail and Wholesale segments. The Retail segment operates college, university, and K-12 school bookstores, physical bookstores, and virtual bookstores. The Wholesale segment sells and distributes new and used textbooks to physical bookstores.