Shares of Scholastic Corp. (NASDAQ:SCHL) have earned a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has given a strong buy recommendation to the company. Scholastic Corp.’s rating score has declined by 19.8% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Analysts have set a 12-month consensus price objective of $39.00 for the company and are forecasting that the company will post $1.95 EPS for the current quarter, according to Zacks. Zacks has also given Scholastic Corp. an industry rank of 238 out of 265 based on the ratings given to its competitors.
SCHL has been the subject of a number of research analyst reports. TheStreet raised shares of Scholastic Corp. from a “hold” rating to a “buy” rating in a research note on Thursday, July 21st. Zacks Investment Research raised shares of Scholastic Corp. from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday, June 8th.
Shares of Scholastic Corp. (NASDAQ:SCHL) opened at 38.45 on Wednesday. The stock has a 50 day moving average price of $40.02 and a 200 day moving average price of $38.59. The firm has a market capitalization of $1.32 billion, a P/E ratio of 33.15 and a beta of 0.59. Scholastic Corp. has a 12 month low of $30.34 and a 12 month high of $44.24.
Scholastic Corp. (NASDAQ:SCHL) last announced its earnings results on Thursday, September 22nd. The company reported ($1.15) earnings per share for the quarter, topping the Zacks’ consensus estimate of ($1.17) by $0.02. The firm earned $282.70 million during the quarter. Scholastic Corp. had a net margin of 2.42% and a return on equity of 4.85%. Scholastic Corp.’s revenue for the quarter was up 47.9% on a year-over-year basis. During the same period in the previous year, the company posted ($1.42) earnings per share. On average, analysts expect that Scholastic Corp. will post $1.66 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Monday, October 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, October 27th. This represents a $0.60 annualized dividend and a yield of 1.56%. Scholastic Corp.’s dividend payout ratio (DPR) is presently 56.07%.
In other Scholastic Corp. news, CFO Maureen Oconnell sold 56,526 shares of the business’s stock in a transaction dated Monday, July 11th. The shares were sold at an average price of $40.00, for a total transaction of $2,261,040.00. Following the sale, the chief financial officer now directly owns 51,818 shares of the company’s stock, valued at approximately $2,072,720. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Alan J. Boyko sold 12,720 shares of the business’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $41.25, for a total transaction of $524,700.00. Following the sale, the insider now directly owns 33,820 shares in the company, valued at $1,395,075. The disclosure for this sale can be found here. Company insiders own 24.16% of the company’s stock.
A number of large investors have recently modified their holdings of SCHL. Mason Street Advisors LLC purchased a new stake in shares of Scholastic Corp. during the second quarter worth about $206,000. Public Employees Retirement System of Ohio boosted its stake in shares of Scholastic Corp. by 5.7% in the second quarter. Public Employees Retirement System of Ohio now owns 3,907 shares of the company’s stock worth $155,000 after buying an additional 209 shares during the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Scholastic Corp. by 2.4% in the second quarter. Schwab Charles Investment Management Inc. now owns 172,007 shares of the company’s stock worth $6,814,000 after buying an additional 4,075 shares during the last quarter. Metropolitan Life Insurance Co. NY boosted its stake in shares of Scholastic Corp. by 2.2% in the second quarter. Metropolitan Life Insurance Co. NY now owns 20,467 shares of the company’s stock worth $811,000 after buying an additional 443 shares during the last quarter. Finally, Arizona State Retirement System boosted its stake in shares of Scholastic Corp. by 1.5% in the second quarter. Arizona State Retirement System now owns 13,862 shares of the company’s stock worth $549,000 after buying an additional 200 shares during the last quarter. 82.58% of the stock is currently owned by hedge funds and other institutional investors.
Scholastic Corp. Company Profile
Scholastic Corporation is a publisher and distributor of children’s books. The Company has three segments: Children’s Book Publishing and Distribution, Education and International. The Company’s Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books, e-books, media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel.
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