Scholastic (NASDAQ:SCHL) is scheduled to announce its earnings results after the market closes on Thursday, March 21st. Analysts expect the company to announce earnings of ($0.27) per share for the quarter. Scholastic has set its FY 2019 guidance at $1.60-1.70 EPS and its FY19 guidance at $1.60-1.70 EPS.
Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, December 20th. The company reported $2.09 earnings per share for the quarter, missing the consensus estimate of $2.16 by ($0.07). Scholastic had a return on equity of 4.36% and a net margin of 0.72%. The business had revenue of $604.70 million for the quarter, compared to analyst estimates of $602.20 million. During the same quarter last year, the company posted ($1.81) EPS. Scholastic’s quarterly revenue was up 1.1% on a year-over-year basis. On average, analysts expect Scholastic to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of SCHL opened at $40.86 on Friday. Scholastic has a fifty-two week low of $33.85 and a fifty-two week high of $47.94. The stock has a market cap of $1.44 billion, a PE ratio of 28.57 and a beta of 0.76.
Several equities research analysts have recently weighed in on SCHL shares. BidaskClub upgraded shares of Scholastic from a “hold” rating to a “buy” rating in a research note on Tuesday, December 18th. Zacks Investment Research upgraded shares of Scholastic from a “hold” rating to a “buy” rating and set a $50.00 price objective for the company in a research report on Saturday, December 15th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $47.00.
In related news, EVP Andrews S. Hedden sold 2,000 shares of the firm’s stock in a transaction dated Monday, January 7th. The shares were sold at an average price of $40.96, for a total value of $81,920.00. Following the completion of the sale, the executive vice president now owns 42,592 shares in the company, valued at $1,744,568.32. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, EVP Judith Newman sold 3,587 shares of the firm’s stock in a transaction dated Friday, January 18th. The shares were sold at an average price of $41.65, for a total transaction of $149,398.55. Following the completion of the sale, the executive vice president now owns 12,748 shares of the company’s stock, valued at approximately $530,954.20. The disclosure for this sale can be found here. 21.79% of the stock is owned by company insiders.
Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.
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