Scholastic (NASDAQ:SCHL) Announces Earnings Results

Scholastic (NASDAQ:SCHL) issued its quarterly earnings results on Thursday. The company reported ($0.34) earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of ($0.64) by $0.30, MarketWatch Earnings reports. The company had revenue of $373.30 million for the quarter, compared to analyst estimates of $342.10 million. Scholastic had a negative net margin of 0.77% and a positive return on equity of 3.68%. The business’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same period in the prior year, the firm earned ($0.32) earnings per share.

Shares of Scholastic stock opened at $21.26 on Friday. Scholastic has a one year low of $20.45 and a one year high of $45.80. The company has a market cap of $852.08 million, a PE ratio of 19.33 and a beta of 0.81. The company has a debt-to-equity ratio of 0.05, a quick ratio of 1.02 and a current ratio of 1.57. The business has a 50-day simple moving average of $32.18 and a 200-day simple moving average of $36.18.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Thursday, April 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.82%. The ex-dividend date of this dividend is Wednesday, April 29th. Scholastic’s dividend payout ratio is presently 55.56%.

A number of analysts have issued reports on the stock. ValuEngine lowered shares of Scholastic from a “buy” rating to a “hold” rating in a research note on Wednesday. BidaskClub downgraded Scholastic from a “hold” rating to a “sell” rating in a research report on Friday.

Scholastic Company Profile

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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