Scholastic Corp. Hits New 52-Week High at $34.35 (SCHL)
Scholastic Corp. (NASDAQ:SCHL)’s share price reached a new 52-week high during trading hours on Friday, AnalystRatingsNetwork reports. The company traded as high as $34.35 and last traded at $34.24, with a volume of 186,517 shares traded. The stock had previously closed at $33.50.
Several analysts have recently commented on the stock. Analysts at Jefferson Research upgraded shares of Scholastic Corp. from a “sell” rating to a “hold” rating in a research note to investors on Friday. Separately, analysts at TheStreet upgraded shares of Scholastic Corp. from a “hold” rating to a “buy” rating in a research note to investors on Tuesday, December 31st. Finally, analysts at Thomson Reuters/Verus upgraded shares of Scholastic Corp. from a “sell” rating to a “hold” rating in a research note to investors on Monday, December 9th.
In other Scholastic Corp. news, EVP Judith Newman sold 10,000 shares of the company’s stock in a transaction dated Friday, December 27th. The shares were sold at an average price of $33.54, for a total value of $335,400.00. Following the completion of the transaction, the executive vice president now directly owns 43,903 shares in the company, valued at approximately $1,472,507. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Scholastic Corp. has a 1-year low of $25.62 and a 1-year high of $34.15. The stock’s 50-day moving average is $30.88 and its 200-day moving average is $30.04. The company has a market cap of $1.091 billion and a P/E ratio of 36.49.
Scholastic Corp. (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, December 19th. The company reported $2.15 earnings per share for the quarter, missing the analysts’ consensus estimate of $2.20 by $0.05. The company had revenue of $623.20 million for the quarter, compared to the consensus estimate of $638.10 million. During the same quarter last year, the company posted $1.89 earnings per share. Scholastic Corp.’s revenue was up 1.6% compared to the same quarter last year. Analysts expect that Scholastic Corp. will post $1.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 17th. Shareholders of record on Friday, January 31st will be paid a dividend of 0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.75%. The ex-dividend date is Wednesday, January 29th.
Scholastic Corporation (NASDAQ:SCHL) together with its subsidiaries is a global children’s publishing, education and media company.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.