Barnes & Noble (BKS) Posts Earnings Results, Misses Expectations By $0.15 EPS

Oscar Cross
December 2, 2017

(NYSE:BKS) stock was hit hard on Thursday following the release of its earnings report for its fiscal second quarter of 2018. Its up 0.43, from 1.05 in 2017Q1.

Barnes & Noble, Inc. on 7/30/2017 reported its EPS as $-0.29 with the analysts projecting the EPS of the stock as $-0.34. The active investment managers in our partner's database now own: 51.43 million shares, down from 54.04 million shares in 2017Q1.

Sidoti & Co. "Initiates Coverage on" Barnes & Noble (NYSE:BKS) in a research note issued to investors on 8/18/16 to Neutral. If the $6.26 price target is reached, the company will be worth $44.89 million less.

Barnes & Nobles Nook e-book business also has languished, a further sign of Amazons tightening grip on readers. The Company is a content and commerce company, which provides access to trade books and other content across its multi-channel distribution platform. The stock exchanged hands 3.48 Million shares versus average trading capacity of 1.07 Million shares, yielding a market cap of $494.39 Million. (NYSE:BKS) has declined 38.50% since November 30, 2016 and is downtrending. It has underperformed by 55.20% the S&P500.

Towerview Llc holds 9.12% of its portfolio in Barnes & Noble, Inc. for 2.38 million shares.

The counter witnessed a trading volume of 19.98 million shares versus an average volume of 16.09 million shares during last trading session. The company has a current ratio of 1.02, a quick ratio of 0.17 and a debt-to-equity ratio of 0.15. Institutional investors own 66.23% of the company's stock. Oklahoma-based Pinnacle Limited Liability Com has invested 0% in Barnes & Noble, Inc. Barnes & Noble had a net margin of 0.67% and a return on equity of 4.48%. The lowest target is $17 while the high is $25. Barnes & Noble Inc. had 8 analyst reports since July 27, 2015 according to SRatingsIntel. The stock had previously closed at $7.80. The firm has "Buy" rating given on Friday, May 26 by ValuEngine. (NYSE:BKS) opened at $7.25, and ended 4.14% higher at $7.55. The firm has "Hold" rating by Stifel Nicolaus given on Friday, September 4.

Among 5 analysts covering Barnes & Noble Inc.

Now insiders hold 12,633,174 shares in the business which makes up 17.40% of shares.

The company reported its EPS on 7/30/2017.

Barnes & Noble used twice as much cash in the first half of the fiscal year as in the year-earlier period. More interesting news about Barnes & Noble, Inc.

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