Educational Development (EDUC) Posts Earnings Results
Educational Development (NASDAQ:EDUC) issued its quarterly earnings results on Thursday. The company reported $0.52 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Educational Development had a net margin of 3.84% and a return on equity of 26.31%. The firm had revenue of $38.91 million for the quarter.
Shares of Educational Development (NASDAQ EDUC) opened at $17.40 on Friday. Educational Development has a 52 week low of $6.25 and a 52 week high of $19.00. The stock has a market cap of $71.16, a price-to-earnings ratio of 17.06 and a beta of 1.21. The company has a debt-to-equity ratio of 1.22, a current ratio of 1.48 and a quick ratio of 0.20.
An institutional investor recently raised its position in Educational Development stock. Northern Trust Corp increased its stake in shares of Educational Development Co. (NASDAQ:EDUC) by 4.0% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,462 shares of the company’s stock after buying an additional 406 shares during the period. Northern Trust Corp owned 0.26% of Educational Development worth $111,000 as of its most recent filing with the SEC. Institutional investors and hedge funds own 6.89% of the company’s stock.
Educational Development Company Profile
Educational Development Corporation (EDC) is a publisher of the line of educational children’s books produced in the United Kingdom by Usborne Publishing Limited (Usborne). The Company also owns Kane Miller Book Publishers. The Company sells books through two segments: Home Business Division (Usborne Books & More or UBAM) and Publishing Division (EDC Publishing).
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