Shares of Scholastic Corporation (NASDAQ:SCHL) have received an average broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold recommendation and one has assigned a strong buy recommendation to the company.
Brokerages have set a one year consensus price target of $38.00 for the company and are expecting that the company will post $1.75 earnings per share for the current quarter, according to Zacks. Zacks has also assigned Scholastic Corporation an industry rank of 119 out of 265 based on the ratings given to related companies.
Several brokerages have recently commented on SCHL. BidaskClub downgraded Scholastic Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Stifel Nicolaus restated a “hold” rating and issued a $44.00 price objective on shares of Scholastic Corporation in a research report on Wednesday, August 16th. Finally, Zacks Investment Research downgraded Scholastic Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th.
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Scholastic Corporation (NASDAQ SCHL) traded up $0.29 during trading on Tuesday, hitting $37.29. The company’s stock had a trading volume of 96,500 shares, compared to its average volume of 128,646. The company has a market cap of $1,295.52, a price-to-earnings ratio of 29.13 and a beta of 0.76. Scholastic Corporation has a twelve month low of $33.51 and a twelve month high of $49.38.
Scholastic Corporation (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, September 21st. The company reported ($1.67) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.34) by ($0.33). The firm had revenue of $189.20 million during the quarter, compared to the consensus estimate of $208.00 million. Scholastic Corporation had a return on equity of 3.57% and a net margin of 1.71%. The business’s revenue was down 33.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($1.15) EPS. research analysts predict that Scholastic Corporation will post 1.19 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Shareholders of record on Tuesday, October 31st will be paid a dividend of $0.15 per share. The ex-dividend date is Monday, October 30th. This represents a $0.60 annualized dividend and a yield of 1.61%. Scholastic Corporation’s payout ratio is currently 77.92%.
A number of hedge funds and other institutional investors have recently modified their holdings of SCHL. Bank of Montreal Can grew its stake in shares of Scholastic Corporation by 0.9% during the second quarter. Bank of Montreal Can now owns 6,628 shares of the company’s stock valued at $289,000 after buying an additional 57 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Scholastic Corporation by 0.3% during the second quarter. Wells Fargo & Company MN now owns 19,450 shares of the company’s stock valued at $848,000 after buying an additional 66 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Scholastic Corporation by 0.9% during the second quarter. Louisiana State Employees Retirement System now owns 11,100 shares of the company’s stock valued at $484,000 after buying an additional 100 shares during the last quarter. Arizona State Retirement System grew its stake in shares of Scholastic Corporation by 0.7% during the second quarter. Arizona State Retirement System now owns 14,162 shares of the company’s stock valued at $617,000 after buying an additional 100 shares during the last quarter. Finally, US Bancorp DE grew its stake in shares of Scholastic Corporation by 0.7% during the second quarter. US Bancorp DE now owns 19,251 shares of the company’s stock valued at $840,000 after buying an additional 127 shares during the last quarter. 78.99% of the stock is currently owned by institutional investors.
Scholastic Corporation Company Profile
Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.
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