Barnes & Noble (BKS) 3Q Result Misses Forecasts

Barnes & Noble, Inc. (BKS) shares are down $0.36 to $24.50 in pre-market trading Tuesday after the company reported its third quarter earnings results.

The bookseller reported earnings of $0.93 per share on revenues of $1.96 billion, down 1.7% from $2.0 billion a year ago. Analysts were expecting EPS of $1.19 on revenues of $1.90 billion. The company said consolidated net income rose to $72.2 million in Q3 ended Jan. 31, from $63.2 million in the prior year.

For full-fiscal year 2015, B&N said it continues to expect retail comparable bookstore sales to decline in the low-single digits, while retail core comparable bookstore sales are expected to be flat.

On valuation measures, Barnes & Noble Inc. shares, which currently have an average 3-month trading volume of 624,276.00 shares, trade at a forward P/E of 44.39 and a P/E to growth ratio of (0.53). The median Wall Street price target on the name is $26.00 with a high target of $36.00. Currently ticker has 1 ‘Buy’ endorsement, compared to 2 ’Holds’ and 1 ‘Sell’.

Profitability-wise, BKS has a t-12 profit and operating margin of 0.17% and 1.70%, respectively. The $1.50 billion market cap company reported $326.68 million in cash vs. $247.21 million in debt in its most recent quarter.

BKS currently prints a one year return of about 17.26% and a year-to-date return of around 7.06%.

Barnes & Noble Inc. operates as a content, commerce, and technology firm in the United States. The company was founded in 1986 and is based in New York, New York.

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