Scholastic Corp. Insider Sells $43,236 in Stock (SCHL)
Scholastic Corp. (NASDAQ:SCHL) Insider Alan J. Boyko unloaded 1,200 shares of Scholastic Corp. stock on the open market in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $36.03, for a total transaction of $43,236.00. Following the completion of the sale, the insider now directly owns 30,865 shares in the company, valued at approximately $1,112,066. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Separately, 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.
Scholastic Corp. (NASDAQ:SCHL) remained flat at $35.42 during during mid-day trading trading on Thursday. The stock had a trading volume of 144,626 shares. Scholastic Corp. has a 52-week low of $27.40 and a 52-week high of $36.87. The stock’s 50-day moving average is $34.85 and its 200-day moving average is $33.70. The company has a market cap of $1.143 billion and a price-to-earnings ratio of 25.99.
Scholastic Corp. (NASDAQ:SCHL) last released its earnings data on Thursday, July 24th. The company reported $1.24 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $0.76 earnings per share. The company’s quarterly revenue 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 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 1.69%. 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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