Stock Repurchase Program Authorized by Scholastic (NASDAQ:SCHL)

Scholastic (NASDAQ:SCHL) announced that its Board of Directors has authorized a share repurchase program on Friday, March 20th, RTT News reports. The company plans to buyback $200.00 million in shares. This buyback authorization authorizes the company to repurchase up to 23% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its stock is undervalued.

Analyst Ratings Changes

Several analysts have commented on the stock. Wall Street Zen raised shares of Scholastic from a “hold” rating to a “buy” rating in a research report on Saturday. Weiss Ratings upgraded shares of Scholastic from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Friday, January 30th. Zacks Research cut shares of Scholastic from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 5th. Finally, B. Riley Financial raised their target price on shares of Scholastic from $37.00 to $40.00 and gave the company a “neutral” rating in a research note on Friday. Three analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $40.00.

Scholastic Price Performance

Shares of SCHL stock opened at $37.25 on Friday. Scholastic has a fifty-two week low of $15.77 and a fifty-two week high of $38.94. The company has a debt-to-equity ratio of 0.30, a quick ratio of 1.24 and a current ratio of 1.67. The firm has a market capitalization of $947.64 million, a price-to-earnings ratio of 15.02 and a beta of 1.17. The stock’s 50-day simple moving average is $34.26 and its 200-day simple moving average is $30.46.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, March 19th. The company reported ($0.15) EPS for the quarter, beating the consensus estimate of ($0.37) by $0.22. The firm had revenue of $329.10 million during the quarter, compared to analyst estimates of $331.53 million. Scholastic had a net margin of 3.88% and a return on equity of 2.44%. As a group, equities analysts forecast that Scholastic will post 0.84 earnings per share for the current fiscal year.

Scholastic Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Shareholders of record on Thursday, April 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Thursday, April 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.1%. Scholastic’s dividend payout ratio (DPR) is currently 32.26%.

Trending Headlines about Scholastic

Here are the key news stories impacting Scholastic this week:

• Positive Sentiment: Q3 EPS outperformed consensus (loss of $0.15 vs. est. $0.37 loss), which relieved near‑term earnings concerns and helped lift the stock. Article Title
• Positive Sentiment: The Board authorized a $200 million modified Dutch‑auction tender offer (expected price $36–$40) — immediate buyback demand and signaling of undervaluation support the rally. Article Title
• Positive Sentiment: The repurchase action is part of a larger capital‑return and balance‑sheet plan (Board set a $300M total repurchase authorization and a long‑term net leverage target of 2.0–2.5x adjusted EBITDA), which reduces capital allocation uncertainty. Article Title
• Positive Sentiment: Analyst action: B. Riley raised its price target to $40 (maintaining a “neutral” rating), implying upside and lending incremental analyst support. Article Title
• Positive Sentiment: The company declared a quarterly dividend of $0.20 per share, reinforcing shareholder returns alongside buybacks. Article Title
• Neutral Sentiment: Coverage and commentary pieces (Seeking Alpha, transcripts) frame the results as evidence of strategic progress and management’s focus on margin expansion — useful context but secondary to the concrete buyback and EPS beat. Article Title
• Negative Sentiment: Revenue narrowly missed estimates ($329.1M vs. $331.5M expected) and the company still reports a small net loss and negative margin, highlighting operational challenges in core book sales that could limit upside without durable revenue improvement. Article Title

Scholastic Company Profile

Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.