Barnes & Noble Inc. (BKS) Posts Earnings Results, Beats Estimates By $0.02 EPS
Barnes & Noble Inc. (NYSE:BKS) announced its earnings results on Thursday. The company reported ($0.07) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.09) by $0.02. The company earned $913.90 million during the quarter, compared to analyst estimates of $959.65 million. Barnes & Noble’s revenue for the quarter was down 6.6% on a year-over-year basis. During the same period in the previous year, the company posted ($0.68) earnings per share.
Barnes & Noble (NYSE:BKS) opened at 12.35 on Thursday. The stock’s 50 day moving average is $12.43 and its 200-day moving average is $11.82. Barnes & Noble has a 1-year low of $7.25 and a 1-year high of $13.89. The firm’s market capitalization is $911.44 million.
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A number of equities analysts recently weighed in on BKS shares. Zacks Investment Research raised shares of Barnes & Noble from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Tuesday, July 19th. Sidoti started coverage on shares of Barnes & Noble in a research note on Thursday, August 18th. They issued a “neutral” rating and a $13.00 target price for the company. Finally, Gabelli lowered shares of Barnes & Noble from a “buy” rating to a “hold” rating in a research note on Wednesday, August 17th. Four research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of C$17.10.
Barnes & Noble, Inc is a bookseller. The Company is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform. It operates in two segments: Barnes & Noble Retail (B&N Retail) and NOOK. The Company is engaged in the sale of trade books (generally hardcover and paperback consumer titles), mass market paperbacks (such as mystery, romance, science fiction and other fiction), children’s books, eBooks and other digital content, textbooks and course-related materials, NOOK and related accessories, bargain books, magazines, gifts, cafe products and services, educational toys and games, music and movies direct to customers through its bookstores or on www.barnesandnoble.com.
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