Sidoti Has Positive Outlook for Scholastic Q2 Earnings

Scholastic Corporation (NASDAQ:SCHL) – Research analysts at Sidoti boosted their Q2 2027 earnings estimates for Scholastic in a research report issued on Tuesday, September 8th. Sidoti analyst B. Mccarthy now expects that the company will post earnings per share of $3.29 for the quarter, up from their previous estimate of $3.26. The consensus estimate for Scholastic’s current full-year earnings is $1.60 per share. Sidoti also issued estimates for Scholastic’s Q2 2028 earnings at $4.00 EPS.

A number of other brokerages have also commented on SCHL. Weiss Ratings lowered shares of Scholastic from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. B. Riley Financial boosted their price target on Scholastic from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Zacks Research cut Scholastic from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Two analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $42.00.

Scholastic Price Performance

Shares of Scholastic stock opened at $36.30 on Wednesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.23 and a quick ratio of 0.78. The company has a market cap of $684.62 million, a PE ratio of 15.51, a price-to-earnings-growth ratio of 1.71 and a beta of 1.01. The firm has a fifty day moving average price of $42.36 and a two-hundred day moving average price of $40.35. Scholastic has a fifty-two week low of $22.68 and a fifty-two week high of $48.07.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, July 23rd. The company reported $2.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.03. The business had revenue of $476.10 million for the quarter, compared to analyst estimates of $517.06 million. Scholastic had a net margin of 3.58% and a return on equity of 5.29%. During the same quarter in the previous year, the firm posted $0.59 earnings per share.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of SCHL. Meeder Asset Management Inc. bought a new position in shares of Scholastic during the second quarter valued at $43,000. Tower Research Capital LLC TRC grew its holdings in shares of Scholastic by 458.1% in the 2nd quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the company’s stock worth $66,000 after purchasing an additional 2,593 shares during the last quarter. State of Wyoming bought a new stake in shares of Scholastic in the 2nd quarter worth about $115,000. BNP Paribas Financial Markets increased its position in shares of Scholastic by 127.4% during the 3rd quarter. BNP Paribas Financial Markets now owns 5,197 shares of the company’s stock worth $142,000 after purchasing an additional 2,912 shares in the last quarter. Finally, Bank of Montreal Can acquired a new stake in shares of Scholastic during the 4th quarter worth about $211,000. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Scholastic

In related news, Director Kaya Henderson sold 3,250 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was sold at an average price of $40.25, for a total transaction of $130,812.50. Following the completion of the transaction, the director owned 7,113 shares in the company, valued at $286,298.25. This trade represents a 31.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Andres A. Alonso sold 2,112 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $40.28, for a total value of $85,071.36. Following the completion of the sale, the director directly owned 21,189 shares in the company, valued at approximately $853,492.92. This represents a 9.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders have sold 294,986 shares of company stock valued at $11,731,334. 12.77% of the stock is currently owned by corporate insiders.

About Scholastic

Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.