Scholastic Corporation (NASDAQ: SCHL) recently received a number of ratings updates from brokerages and research firms:

  • 7/31/2017 – Scholastic Corporation was downgraded by analysts at BidaskClub from a “sell” rating to a “strong sell” rating.
  • 7/26/2017 – Scholastic Corporation was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Scholastic Corp. creates and distributes innovative and quality educational materials for use in school – children’s books, textbooks, magazines, technology and teacher materials and engaging and appropriate products for use at home – magazines, software, television programming, videos and toys. Scholastic is unique in its understanding of what kids want and need to read and learn. The company is a world leader in children’s school book clubs and school book fairs, through which children purchase books and software. (PRESS RELEASE) “
  • 7/25/2017 – Scholastic Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/21/2017 – Scholastic Corporation was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $50.00 price target on the stock. According to Zacks, “Scholastic Corp. creates and distributes innovative and quality educational materials for use in school – children’s books, textbooks, magazines, technology and teacher materials and engaging and appropriate products for use at home – magazines, software, television programming, videos and toys. Scholastic is unique in its understanding of what kids want and need to read and learn. The company is a world leader in children’s school book clubs and school book fairs, through which children purchase books and software. (PRESS RELEASE) “
  • 7/19/2017 – Scholastic Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/8/2017 – Scholastic Corporation was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 6/10/2017 – Scholastic Corporation was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.

Shares of Scholastic Corporation (SCHL) traded down 0.57% during midday trading on Monday, reaching $40.36. 65,399 shares of the company were exchanged. Scholastic Corporation has a 52 week low of $35.20 and a 52 week high of $49.38. The firm has a 50-day moving average of $43.38 and a 200 day moving average of $43.91. The firm has a market capitalization of $1.42 billion, a P/E ratio of 27.38 and a beta of 0.74.

Scholastic Corporation (NASDAQ:SCHL) last posted its earnings results on Thursday, July 20th. The company reported $1.31 EPS for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.22. Scholastic Corporation had a net margin of 3.00% and a return on equity of 5.10%. The company had revenue of $499.60 million for the quarter, compared to analysts’ expectations of $508 million. During the same quarter in the prior year, the company posted $1.22 earnings per share. Scholastic Corporation’s revenue for the quarter was down 2.8% compared to the same quarter last year. On average, equities research analysts expect that Scholastic Corporation will post $1.21 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.15 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.60 dividend on an annualized basis and a yield of 1.49%. Scholastic Corporation’s payout ratio is currently 41.96%.

In other Scholastic Corporation news, EVP Judith Newman sold 5,000 shares of the company’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $45.04, for a total value of $225,200.00. Following the transaction, the executive vice president now owns 18,894 shares of the company’s stock, valued at $850,985.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Richard Robinson sold 67,993 shares of the company’s stock in a transaction dated Friday, June 2nd. The shares were sold at an average price of $43.08, for a total transaction of $2,929,138.44. Following the completion of the transaction, the chief executive officer now directly owns 4,350,943 shares in the company, valued at approximately $187,438,624.44. The disclosure for this sale can be found here. Insiders sold 73,094 shares of company stock worth $3,159,010 in the last ninety days. 24.16% of the stock is currently owned by corporate insiders.

Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.

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