Scholastic Corp. (NASDAQ:SCHL) will be releasing its Q117 earnings data on Thursday, September 22nd. Analysts expect Scholastic Corp. to post earnings of ($1.17) per share and revenue of $286.50 million for the quarter. Scholastic Corp. has set its FY17 guidance at $1.60-1.70 EPS.
Scholastic Corp. (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, July 21st. The company reported $1.22 EPS for the quarter, beating analysts’ consensus estimates of $0.95 by $0.27. Scholastic Corp. had a net margin of 2.42% and a return on equity of 4.85%. The company earned $513.80 million during the quarter, compared to analyst estimates of $501.60 million. During the same period in the prior year, the firm earned $0.93 earnings per share. The business’s quarterly revenue was up 5.4% on a year-over-year basis. On average, analysts expect Scholastic Corp. to post $1.67 EPS for the current fiscal year and $1.55 EPS for the next fiscal year.
Shares of Scholastic Corp. (NASDAQ:SCHL) opened at 38.80 on Wednesday. The stock has a market capitalization of $1.33 billion, a price-to-earnings ratio of 33.45 and a beta of 0.59. Scholastic Corp. has a 1-year low of $30.34 and a 1-year high of $44.24. The firm’s 50-day moving average is $40.17 and its 200-day moving average is $38.56.
The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were issued a dividend of $0.15 per share. The ex-dividend date was Monday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.55%. Scholastic Corp.’s payout ratio is presently 56.07%.
In other Scholastic Corp. news, CEO Richard Robinson sold 18,158 shares of Scholastic Corp. stock in a transaction on Monday, August 22nd. The stock was sold at an average price of $40.68, for a total transaction of $738,667.44. Following the completion of the transaction, the chief executive officer now directly owns 4,390,978 shares of the company’s stock, valued at $178,624,985.04. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Maureen Oconnell sold 56,526 shares of Scholastic Corp. stock in a transaction on Monday, July 11th. The shares were sold at an average price of $40.00, for a total value of $2,261,040.00. Following the transaction, the chief financial officer now directly owns 51,818 shares of the company’s stock, valued at $2,072,720. The disclosure for this sale can be found here. Company insiders own 24.16% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of SCHL. Franklin Resources Inc. bought a new position in shares of Scholastic Corp. during the second quarter worth about $4,844,000. BlackRock Fund Advisors raised its stake in shares of Scholastic Corp. by 3.8% in the second quarter. BlackRock Fund Advisors now owns 1,760,467 shares of the company’s stock worth $69,732,000 after buying an additional 64,701 shares during the period. State Street Corp raised its stake in shares of Scholastic Corp. by 3.8% in the second quarter. State Street Corp now owns 555,155 shares of the company’s stock worth $21,991,000 after buying an additional 20,202 shares during the period. BlackRock Investment Management LLC raised its stake in shares of Scholastic Corp. by 8.7% in the second quarter. BlackRock Investment Management LLC now owns 122,662 shares of the company’s stock worth $4,859,000 after buying an additional 9,829 shares during the period. Finally, BlackRock Inc. raised its stake in shares of Scholastic Corp. by 356.2% in the second quarter. BlackRock Inc. now owns 7,710 shares of the company’s stock worth $306,000 after buying an additional 6,020 shares during the period. 82.58% of the stock is owned by institutional investors.
SCHL has been the subject of a number of analyst reports. Zacks Investment Research cut Scholastic Corp. from a “buy” rating to a “hold” rating in a report on Monday, May 30th. TheStreet raised Scholastic Corp. from a “hold” rating to a “buy” rating in a report on Thursday, July 21st.
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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