Barnes & Noble (NYSE: BKS) posted its quarterly earnings results on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.54 by $0.72. The company had revenue of $2.20 billion for the quarter, compared to the consensus estimate of $2.40 billion. During the same quarter in the prior year, the company posted $0.71 earnings per share. The company’s quarterly revenue was down 8.9% on a year-over-year basis.
On a related note, analysts at Barclays Capital raised their price target on shares of Barnes & Noble from $10.00 to $12.00 in a research note to investors on Friday, November 30th. They now have an “underweight” rating on the stock.
Two investment analysts have rated the stock with a buy rating, five have assigned a hold rating, and one has given a sell rating to the company’s stock. The company presently has an average rating of “hold” and an average target price of $18.20.
Shares of Barnes & Noble (BKS) opened at 15.23 on Thursday. Barnes & Noble (BKS) has a 52 week low of $10.45 and a 52 week high of $26.00. The stock’s 50-day moving average is currently $13.56. The company’s market cap is $898.7 million.
Barnes & Noble, Inc. (Barnes & Noble) is a bookseller. The Company is a content, commerce and technology company that provides customers access to books, magazines, newspapers and other content across its multi-channel distribution platform.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.
