News articles about Scholastic (NASDAQ:SCHL) have trended somewhat positive on Friday, Accern Sentiment Analysis reports. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Scholastic earned a media sentiment score of 0.07 on Accern’s scale. Accern also assigned news articles about the company an impact score of 46.4151385225021 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Scholastic (NASDAQ SCHL) opened at $39.62 on Friday. The firm has a market cap of $1,393.05, a price-to-earnings ratio of 88.04 and a beta of 0.78. Scholastic has a 52-week low of $33.51 and a 52-week high of $47.61.
Scholastic (NASDAQ:SCHL) last announced its quarterly earnings results on Thursday, December 14th. The company reported $1.92 earnings per share for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. The company had revenue of $598.30 million for the quarter, compared to analysts’ expectations of $601.40 million. Scholastic had a net margin of 1.07% and a return on equity of 3.41%. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. During the same period last year, the firm posted $1.92 earnings per share. equities analysts anticipate that Scholastic will post 1.27 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, January 31st will be given a $0.15 dividend. The ex-dividend date is Tuesday, January 30th. This represents a $0.60 annualized dividend and a yield of 1.51%. Scholastic’s dividend payout ratio is currently 133.33%.
A number of equities analysts have recently weighed in on SCHL shares. BidaskClub raised shares of Scholastic from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research cut shares of Scholastic from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. TheStreet raised shares of Scholastic from a “c” rating to a “b-” rating in a research report on Thursday, December 14th. Finally, Stifel Nicolaus lifted their price target on shares of Scholastic from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Wednesday, December 13th.
In related news, insider Alan J. Boyko sold 13,100 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $40.79, for a total value of $534,349.00. Following the sale, the insider now directly owns 44,146 shares of the company’s stock, valued at approximately $1,800,715.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Richard Robinson sold 3,500 shares of the business’s stock in a transaction on Monday, December 18th. The shares were sold at an average price of $40.33, for a total transaction of $141,155.00. The disclosure for this sale can be found here. Insiders sold a total of 26,600 shares of company stock worth $1,095,638 over the last ninety days. 22.30% of the stock is currently owned by insiders.
Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.
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