Analysts Expect Scholastic Corp (SCHL) to Announce ($0.35) Earnings Per Share

Shares of Scholastic Corp (NASDAQ:SCHL) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the company, Zacks Investment Research reports. One investment analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.

Brokers have set a 12 month consensus target price of $41.00 for the company and are expecting that the company will post ($0.35) earnings per share for the current quarter, according to Zacks. Zacks has also given Scholastic an industry rank of 36 out of 265 based on the ratings given to its competitors.

A number of analysts recently weighed in on SCHL shares. TheStreet raised shares of Scholastic from a “c” rating to a “b-” rating in a research report on Thursday, December 14th. BidaskClub raised shares of Scholastic from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Stifel Nicolaus upped their price target on shares of Scholastic from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research cut shares of Scholastic from a “hold” rating to a “sell” rating in a research report on Friday, December 15th.

Shares of Scholastic (NASDAQ:SCHL) traded down $0.24 during midday trading on Wednesday, hitting $36.99. 98,800 shares of the stock traded hands, compared to its average volume of 129,260. Scholastic has a one year low of $33.51 and a one year high of $46.95. The stock has a market cap of $1,299.18, a PE ratio of 82.20 and a beta of 0.73.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, December 14th. The company reported $1.92 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.75 by $0.17. Scholastic had a net margin of 1.07% and a return on equity of 3.41%. The company had revenue of $598.30 million during the quarter, compared to analysts’ expectations of $601.40 million. During the same period in the previous year, the company earned $1.92 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. analysts predict that Scholastic will post 1.27 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, January 31st will be given a dividend of $0.15 per share. The ex-dividend date is Tuesday, January 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.62%. Scholastic’s dividend payout ratio (DPR) is 133.33%.

In other Scholastic news, insider Alan J. Boyko sold 7,327 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $42.00, for a total value of $307,734.00. Following the transaction, the insider now owns 43,557 shares in the company, valued at approximately $1,829,394. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Alan J. Boyko sold 2,673 shares of the business’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $42.05, for a total transaction of $112,399.65. Following the completion of the transaction, the insider now owns 39,548 shares in the company, valued at approximately $1,662,993.40. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 29,100 shares of company stock valued at $1,194,038. 22.30% of the stock is owned by corporate insiders.

Several institutional investors have recently modified their holdings of the company. Wells Fargo & Company MN raised its stake in shares of Scholastic by 0.3% in the 2nd quarter. Wells Fargo & Company MN now owns 19,450 shares of the company’s stock valued at $848,000 after purchasing an additional 66 shares in the last quarter. Public Employees Retirement System of Ohio raised its stake in Scholastic by 5.3% during the second quarter. Public Employees Retirement System of Ohio now owns 3,818 shares of the company’s stock worth $166,000 after acquiring an additional 193 shares during the period. The Manufacturers Life Insurance Company raised its stake in Scholastic by 3.7% during the second quarter. The Manufacturers Life Insurance Company now owns 21,977 shares of the company’s stock worth $958,000 after acquiring an additional 788 shares during the period. Voya Investment Management LLC raised its stake in Scholastic by 12.7% during the second quarter. Voya Investment Management LLC now owns 12,092 shares of the company’s stock worth $527,000 after acquiring an additional 1,361 shares during the period. Finally, Bessemer Group Inc. raised its stake in Scholastic by 33.4% during the third quarter. Bessemer Group Inc. now owns 5,995 shares of the company’s stock worth $223,000 after acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 80.63% of the company’s stock.

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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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