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

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

Barnes & Noble Education (NYSE:BNED) last announced its quarterly earnings results on Monday, December 9th. The specialty retailer reported $1.91 earnings per share (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 Trading Up 5.6 %

Shares of BNED stock opened at $9.54 on Friday. Barnes & Noble Education has a 12-month low of $6.05 and a 12-month high of $135.00. The company has a market capitalization of $288.09 million, a P/E ratio of -0.28 and a beta of 2.23. The firm has a 50-day moving average price of $10.52 and a 200 day moving average price of $10.59. The company has a quick ratio of 0.71, a current ratio of 1.31 and a debt-to-equity ratio of 0.87.

Hedge Funds Weigh In On Barnes & Noble Education

A hedge fund recently raised its stake in Barnes & Noble Education stock. Bank of America Corp DE grew its stake in Barnes & Noble Education, Inc. (NYSE:BNED) by 1,412.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,139 shares of the specialty retailer’s stock after acquiring an additional 5,733 shares during the period. Bank of America Corp DE’s holdings in Barnes & Noble Education were worth $62,000 as of its most recent filing with the Securities and Exchange Commission. 38.51% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

About Barnes & Noble Education

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.