Scholastic (NASDAQ:SCHL) Issues Earnings Results, Beats Expectations By $0.21 EPS

Scholastic (NASDAQ:SCHL) released its earnings results on Thursday. The company reported ($1.59) earnings per share for the quarter, topping analysts’ consensus estimates of ($1.80) by $0.21, Briefing.com reports. Scholastic had a return on equity of 3.87% and a net margin of 1.10%. The business had revenue of $232.60 million for the quarter, compared to the consensus estimate of $217.60 million. During the same period last year, the business earned ($1.74) earnings per share. The firm’s revenue for the quarter was up 6.5% compared to the same quarter last year. Scholastic updated its FY 2020 guidance to EPS.

NASDAQ SCHL opened at $39.96 on Friday. The stock’s 50 day moving average is $35.59 and its two-hundred day moving average is $36.61. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of 28.67 and a beta of 0.84. Scholastic has a 1-year low of $31.38 and a 1-year high of $47.94.

The business also recently disclosed a — dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.15 per share. This represents a yield of 1.6%. The ex-dividend date is Wednesday, October 30th. Scholastic’s payout ratio is 55.56%.

A number of equities research analysts recently weighed in on the company. BidaskClub downgraded Scholastic from a “buy” rating to a “hold” rating in a research report on Friday. Zacks Investment Research raised Scholastic from a “strong sell” rating to a “buy” rating and set a $39.00 target price on the stock in a research report on Thursday, August 1st. Finally, ValuEngine downgraded Scholastic from a “hold” rating to a “sell” rating in a research report on Friday, June 14th.

About Scholastic

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.

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Earnings History for Scholastic (NASDAQ:SCHL)

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