Barnes & Noble Inc. (BKS) Scheduled to Post Quarterly Earnings on Tuesday
Barnes & Noble Inc. (NYSE:BKS) will issue its Q217 quarterly earnings data on Tuesday, November 22nd. Analysts expect the company to announce earnings of ($0.34) per share and revenue of $859.78 million for the quarter.
Barnes & Noble (NYSE:BKS) last released its quarterly earnings results on Thursday, September 8th. The company reported ($0.07) earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.09) by $0.02. The company had revenue of $913.90 million for the quarter, compared to analysts’ expectations of $959.65 million. Barnes & Noble had a positive return on equity of 6.07% and a negative net margin of 0.10%. The business’s quarterly revenue was down 6.6% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.68) earnings per share. On average, analysts expect Barnes & Noble to post $0.52 EPS for the current fiscal year and $0.81 EPS for the next fiscal year.
Shares of Barnes & Noble Inc. (NYSE:BKS) opened at 11.90 on Friday. The stock’s 50 day moving average price is $10.68 and its 200 day moving average price is $11.50. The company’s market capitalization is $870.52 million. Barnes & Noble Inc. has a 12-month low of $7.25 and a 12-month high of $13.63.
The business also recently announced a quarterly dividend, which was paid on Friday, October 28th. Shareholders of record on Friday, October 7th were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 5.04%. The ex-dividend date of this dividend was Wednesday, October 5th. Barnes & Noble’s payout ratio is presently -599.94%.
In related news, VP David S. Deason sold 9,620 shares of the business’s stock in a transaction that occurred on Monday, October 10th. The stock was sold at an average price of C$10.79, for a total value of C$103,799.80. Following the completion of the sale, the vice president now owns 96,297 shares in the company, valued at approximately C$1,039,044.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Frederic Argir sold 17,377 shares of the business’s stock in a transaction that occurred on Friday, September 9th. The stock was sold at an average price of C$11.59, for a total value of C$201,399.43. Following the completion of the sale, the insider now owns 73,154 shares of the company’s stock, valued at approximately C$847,854.86. The disclosure for this sale can be found here. Insiders own 19.00% of the company’s stock.
A number of hedge funds have recently added to or reduced their stakes in the company. Pacad Investment Ltd. acquired a new position in Barnes & Noble during the second quarter valued at about $177,000. Deere & Co. boosted its position in Barnes & Noble by 147.5% in the second quarter. Deere & Co. now owns 53,702 shares of the company’s stock valued at $610,000 after buying an additional 32,000 shares during the period. American International Group Inc. boosted its position in Barnes & Noble by 15.8% in the second quarter. American International Group Inc. now owns 46,584 shares of the company’s stock valued at $529,000 after buying an additional 6,344 shares during the period. AXA acquired a new position in Barnes & Noble during the second quarter valued at about $1,785,000. Finally, Trexquant Investment LP boosted its position in Barnes & Noble by 285.1% in the second quarter. Trexquant Investment LP now owns 64,180 shares of the company’s stock valued at $728,000 after buying an additional 47,516 shares during the period. Institutional investors own 74.68% of the company’s stock.
A number of research analysts have weighed in on the company. Zacks Investment Research raised Barnes & Noble from a “sell” rating to a “hold” rating in a report on Thursday, November 10th. Sidoti assumed coverage on Barnes & Noble in a report on Thursday, August 18th. They set a “neutral” rating and a $13.00 target price for the company. Gabelli lowered Barnes & Noble from a “buy” rating to a “hold” rating in a report on Wednesday, August 17th. Finally, Consumer Edge downgraded Barnes & Noble from an “outperform” rating to an “equal weight” rating in a research report on Wednesday. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of C$15.38.
Barnes & Noble Company Profile
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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