Scholastic Corp. Rating Increased to Outperform at Zacks (SCHL)
Scholastic Corp. (NASDAQ:SCHL) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a report issued on Friday. The firm currently has a $37.40 target price on the stock. Zacks‘s price target suggests a potential upside of 4.47% from the stock’s previous close.
Scholastic Corp. (NASDAQ:SCHL) traded up 0.53% on Friday, hitting $35.74. The stock had a trading volume of 170,338 shares. Scholastic Corp. has a one year low of $27.40 and a one year high of $36.74. The stock has a 50-day moving average of $33.3 and a 200-day moving average of $33.42. The company has a market cap of $1.151 billion and a price-to-earnings ratio of 30.54.
Scholastic Corp. (NASDAQ:SCHL) last posted its quarterly earnings results on Thursday, July 24th. The company reported $1.24 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.91 by $0.33. The company had revenue of $549.30 million for the quarter, compared to the consensus estimate of $516.00 million. During the same quarter in the previous year, the company posted $0.76 earnings per share. The company’s revenue for the quarter was up 8.4% on a year-over-year basis. Analysts expect that Scholastic Corp. will post $1.98 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, September 15th. Investors of record on Friday, August 29th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, August 27th.
Scholastic Corporation (NASDAQ:SCHL) together with its subsidiaries is a global children’s publishing, education and media company.
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