Craig Hallum Comments on Barnes & Noble, Inc.'s FY2017 Earnings (BKS)

Analysts polled by Thomson Reuters expected Barnes & Noble to report income of $ 1.13 per share on revenue of $ 1.28 billion for the third quarter. Barnes & Noble said "trends softened" in late January and into the fourth quarter, so the company now expects full-year 2017 same-store sales to decline about 7%. The stock's 50 day moving average price is $10.50 and its 200-day moving average price is $11.21. The stock has a market cap of $671.60 million, a P/E ratio of 51.39 and a beta of 2.21. With the drop, Barnes & Noble has fallen to its lowest intraday level in a year. The firm's revenue for the quarter was down 8.1% compared to the same quarter past year. Finally, California Public Employees Retirement System raised its stake in shares of Barnes & Noble Education by 25.8% in the third quarter. The stock has traded between $9.40 and $13.63 over the past 52 weeks. Hedge funds and other institutional investors own 65.34% of the company's stock.

Barnes & Noble Education (NYSE:BNED) last released its quarterly earnings data on Tuesday, December 6th. Gendell Jeffrey L now owns 590,531 shares of the company's stock worth $6,673,000 after buying an additional 152,625 shares in the last quarter. During the same quarter in the prior year, the firm earned $0.69 earnings per share. "(BKS) Posts Quarterly Earnings Results, Misses Expectations By $0.17 EPS" was originally posted by BBNS and is the property of of BBNS. Earnings before interest, tax, depreciation and amortization will be $180 million to $190 million. (NYSE:BKS) was downgraded by Zacks Investment Research from a "buy" rating to a "hold" rating in a note issued to investors on Tuesday.

About BARNES & NOBLE, INC. Public Employees Retirement System of OH now owns 13,163 shares of the company's stock worth $149,000 after buying an additional 1,911 shares during the last quarter. 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.

  • Zachary Reyes