Scholastic Corp. Upgraded to “Hold” at Jefferson Research (SCHL)
Scholastic Corp. (NASDAQ:SCHL) was upgraded by equities research analysts at Jefferson Research from a “sell” rating to a “hold” rating in a research note issued to investors on Friday, Analyst Ratings News reports.
In other Scholastic Corp. news, EVP Judith Newman sold 10,000 shares of Scholastic Corp. stock on the open market 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 sale, the executive vice president now directly owns 43,903 shares in the company, valued at approximately $1,472,507. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Shares of Scholastic Corp. (NASDAQ:SCHL) traded up 2.03% during mid-day trading on Friday, hitting $34.18. The stock had a trading volume of 185,705 shares. Scholastic Corp. has a 52 week low of $25.62 and a 52 week high of $34.15. The stock has a 50-day moving average of $30.88 and a 200-day moving average of $30.04. The company has a market cap of $1.090 billion and a price-to-earnings ratio of 36.49.
Scholastic Corp. (NASDAQ:SCHL) last announced its earnings results on Thursday, December 19th. The company reported $2.15 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $1.89 earnings per share. The company’s quarterly revenue was up 1.6% on a year-over-year basis. On average, analysts predict that Scholastic Corp. will post $1.69 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, March 17th. Stockholders of record on Friday, January 31st will be given a dividend of 0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.79%. The ex-dividend date of this dividend is Wednesday, January 29th.
Several other analysts have also recently commented on the stock. 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. Separately, 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. Finally, analysts at Thomson Reuters/Verus downgraded shares of Scholastic Corp. from a “hold” rating to a “sell” rating in a research note to investors on Monday, October 28th.
Scholastic Corporation (NASDAQ:SCHL) together with its subsidiaries is a global children’s publishing, education and media company.
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