Scholastic (SCHL) Scheduled to Post Quarterly Earnings on Wednesday
Scholastic (NASDAQ:SCHL) is scheduled to be announcing its earnings results before the market opens on Wednesday, December 13th. Scholastic has set its FY18 guidance at $1.20-1.30 EPS.
Scholastic (NASDAQ:SCHL) last announced its quarterly earnings results on Thursday, September 21st. The company reported ($1.67) EPS for the quarter, missing the consensus estimate of ($1.34) by ($0.33). The company had revenue of $189.20 million during the quarter, compared to analysts’ expectations of $208.00 million. Scholastic had a return on equity of 3.57% and a net margin of 1.71%. The firm’s revenue for the quarter was down 33.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($1.15) EPS. On average, analysts expect Scholastic to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Scholastic (NASDAQ:SCHL) opened at $41.60 on Wednesday. The stock has a market cap of $1,446.43, a PE ratio of 32.53 and a beta of 0.78. Scholastic has a 1 year low of $33.51 and a 1 year high of $49.38.
Several analysts have recently issued reports on the stock. Stifel Nicolaus restated a “hold” rating and set a $44.00 target price on shares of Scholastic in a research report on Wednesday, August 16th. Zacks Investment Research cut shares of Scholastic from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th.
In other news, insider Alan J. Boyko sold 13,100 shares of the company’s stock in a transaction dated Wednesday, November 29th. The shares were sold at an average price of $40.79, for a total transaction of $534,349.00. Following the sale, the insider now directly owns 44,146 shares in the company, valued at approximately $1,800,715.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 22.30% of the stock is currently owned by corporate insiders.
Scholastic Company Profile
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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