Scholastic Corp. Director Unloads $213,660 in Stock (SCHL)
Scholastic Corp. (NASDAQ:SCHL) Director Mae Jemison unloaded 6,000 shares of Scholastic Corp. stock in a transaction that occurred on Thursday, July 31st. The stock was sold at an average price of $35.61, for a total transaction of $213,660.00. Following the completion of the transaction, the director now directly owns 7,235 shares in the company, valued at approximately $257,638. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on SCHL shares. Analysts at Zacks upgraded shares of Scholastic Corp. from a “neutral” rating to an “outperform” rating in a research note on Friday, July 25th. They now have a $37.40 price target on the stock.
Shares of Scholastic Corp. (NASDAQ:SCHL) traded up 0.03% during mid-day trading on Friday, hitting $35.43. The stock had a trading volume of 167,611 shares. Scholastic Corp. has a 52 week low of $27.40 and a 52 week high of $36.74. The stock has a 50-day moving average of $33.87 and a 200-day moving average of $33.5. The company has a market cap of $1.141 billion and a P/E ratio of 25.99.
Scholastic Corp. (NASDAQ:SCHL) last announced its 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. On average, analysts predict that Scholastic Corp. will post $2.07 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Stockholders of record on Friday, August 29th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.69%. The ex-dividend date 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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