Barnes & Noble Education (BNED) Receiving Positive News Coverage, Study Shows

Media stories about Barnes & Noble Education (NYSE:BNED) have been trending positive on Friday, Accern reports. The research firm ranks the sentiment of media coverage by monitoring more than 20 million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to 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 news coverage about the specialty retailer an impact score of 45.7742953605801 out of 100, meaning that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.

A number of brokerages have recently weighed in on BNED. BidaskClub lowered Barnes & Noble Education from a “buy” rating to a “hold” rating in a research report on Tuesday, July 11th. ValuEngine lowered Barnes & Noble Education from a “hold” rating to a “sell” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded Barnes & Noble Education from a “hold” rating to a “buy” rating and set a $8.75 price objective for the company in a research note on Tuesday, July 18th. BWS Financial cut Barnes & Noble Education from a “stong buy” rating to a “buy” rating in a research note on Thursday, July 13th. Finally, TheStreet cut Barnes & Noble Education from a “c-” rating to a “d+” rating in a research note on Wednesday, August 23rd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Barnes & Noble Education currently has an average rating of “Hold” and an average target price of $10.92.

Barnes & Noble Education (NYSE:BNED) traded down 2.42% during mid-day trading on Friday, reaching $6.46. The company had a trading volume of 167,612 shares. The stock’s 50-day moving average price is $6.33 and its 200 day moving average price is $6.33. The firm’s market capitalization is $300.50 million. Barnes & Noble Education has a 52 week low of $5.26 and a 52 week high of $13.15.

Barnes & Noble Education (NYSE:BNED) last released its quarterly 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). The business had revenue of $355.70 million during the quarter, compared to analyst estimates of $406.22 million. Barnes & Noble Education had a negative net margin of 0.08% and a negative return on equity of 0.12%. The firm’s revenue for the quarter was up 48.7% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.60) earnings per share. On average, equities research analysts predict that Barnes & Noble Education will post $0.51 EPS for the current 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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