Scholastic (NASDAQ:SCHL) Releases Quarterly Earnings Results

Scholastic (NASDAQ:SCHL) issued its quarterly earnings data on Thursday. The company reported ($2.13) EPS for the quarter, topping the consensus estimate of ($2.48) by $0.35, Zacks reports. The company had revenue of $237.20 million during the quarter, compared to analyst estimates of $233.49 million. Scholastic had a return on equity of 3.34% and a net margin of 0.76%. During the same quarter in the previous year, the firm earned ($2.20) earnings per share. Scholastic updated its FY 2025 guidance to EPS.

Scholastic Stock Up 9.0 %

Shares of NASDAQ SCHL traded up $2.72 during midday trading on Friday, reaching $32.90. The company had a trading volume of 196,072 shares, compared to its average volume of 204,382. The firm’s fifty day moving average price is $30.83 and its 200-day moving average price is $34.28. The stock has a market cap of $940.94 million, a PE ratio of 22.59 and a beta of 1.03. Scholastic has a one year low of $28.47 and a one year high of $41.79.

Scholastic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, October 31st will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.80 annualized dividend and a yield of 2.43%. Scholastic’s payout ratio is 55.17%.

Insider Buying and Selling at Scholastic

In other news, EVP Iole Lucchese acquired 1,654 shares of the stock in a transaction dated Tuesday, July 23rd. The stock was purchased at an average cost of $30.49 per share, with a total value of $50,430.46. Following the completion of the purchase, the executive vice president now owns 74,264 shares in the company, valued at approximately $2,264,309.36. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In related news, EVP Iole Lucchese acquired 1,654 shares of the stock in a transaction on Tuesday, July 23rd. The stock was acquired at an average cost of $30.49 per share, for a total transaction of $50,430.46. Following the completion of the acquisition, the executive vice president now directly owns 74,264 shares of the company’s stock, valued at approximately $2,264,309.36. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Warwick Peter purchased 1,674 shares of the firm’s stock in a transaction that occurred on Tuesday, July 23rd. The stock was acquired at an average price of $30.46 per share, with a total value of $50,990.04. Following the completion of the purchase, the chief executive officer now owns 104,349 shares in the company, valued at $3,178,470.54. The disclosure for this purchase can be found here. Corporate insiders own 18.62% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded Scholastic from a “hold” rating to a “buy” rating in a research report on Tuesday, August 27th.

About Scholastic

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.