Educational Development (NASDAQ:EDUC) Posts Quarterly Earnings Results, Misses Expectations By $0.57 EPS

Educational Development (NASDAQ:EDUC) released its quarterly earnings data on Thursday. The company reported ($0.16) EPS for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.57), Zacks reports. Educational Development had a negative return on equity of 17.66% and a net margin of 10.15%.

Educational Development Stock Performance

NASDAQ:EDUC traded down $0.01 during mid-day trading on Thursday, hitting $1.57. 790,581 shares of the stock were exchanged, compared to its average volume of 54,401. The firm’s 50-day simple moving average is $1.46 and its 200 day simple moving average is $1.40. Educational Development has a fifty-two week low of $1.00 and a fifty-two week high of $1.84. The stock has a market capitalization of $13.40 million, a price-to-earnings ratio of 6.06 and a beta of 1.02.

Institutional Trading of Educational Development

A number of large investors have recently added to or reduced their stakes in the stock. Bridgeway Capital Management LLC bought a new stake in Educational Development during the fourth quarter valued at about $29,000. Citadel Advisors LLC bought a new position in Educational Development in the 3rd quarter worth approximately $36,000. Finally, State Street Corp boosted its stake in Educational Development by 106.0% in the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after purchasing an additional 16,400 shares during the period. Hedge funds and other institutional investors own 19.60% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings upgraded shares of Educational Development from a “sell (d)” rating to a “sell (d+)” rating in a research report on Tuesday, June 23rd. One equities research analyst has rated the stock with a Sell rating, According to MarketBeat, the stock currently has a consensus rating of “Sell”.

Educational Development Company Profile

Educational Development Corporation, through its subsidiaries, engages in the direct marketing and digital retailing of educational and inspirational reading materials, including books, Bibles, devotionals, and related gift items. The company’s product portfolio extends to children’s literature, music, and home décor, targeting consumers in the faith-based and human-interest segments. Products are sold under proprietary brands across multiple online and catalog platforms.

Central to the company’s operations are its e-commerce websites and print catalogs, which support both retail and wholesale distribution channels.