Sidoti Weighs in on Scholastic’s Q2 Earnings (NASDAQ:SCHL)

Scholastic Corporation (NASDAQ:SCHLFree Report) – Research analysts at Sidoti boosted their Q2 2027 earnings per share estimates for shares of Scholastic in a research report issued to clients and investors on Friday, July 24th. Sidoti analyst B. Mccarthy now expects that the company will post earnings per share of $3.26 for the quarter, up from their prior estimate of $3.22. The consensus estimate for Scholastic’s current full-year earnings is $2.61 per share. Sidoti also issued estimates for Scholastic’s Q2 2028 earnings at $3.96 EPS and FY2028 earnings at $2.64 EPS.

A number of other equities analysts have also weighed in on the stock. Wall Street Zen lowered shares of Scholastic from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. Weiss Ratings restated a “hold (c+)” rating on shares of Scholastic in a research report on Thursday, June 18th. B. Riley Financial raised their target price on shares of Scholastic from $40.00 to $42.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 8th. Finally, Zacks Research downgraded shares of Scholastic from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Three research 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 a consensus price target of $42.00.

Check Out Our Latest Analysis on SCHL

Scholastic Price Performance

Scholastic stock opened at $43.15 on Monday. The business has a 50 day simple moving average of $43.78 and a 200-day simple moving average of $38.97. Scholastic has a 12 month low of $22.68 and a 12 month high of $48.07. The stock has a market capitalization of $938.08 million, a PE ratio of 18.44, a price-to-earnings-growth ratio of 1.38 and a beta of 0.99.

Scholastic (NASDAQ:SCHLGet Free Report) last announced its earnings results on Thursday, July 23rd. The company reported $2.19 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.03. The company had revenue of $476.10 million for the quarter, compared to the consensus estimate of $517.06 million. Scholastic had a return on equity of 5.08% and a net margin of 3.58%.During the same period last year, the business posted $0.59 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. JGP Global Gestao de Recursos Ltda. purchased a new stake in shares of Scholastic during the 4th quarter worth approximately $1,044,000. Salzhauer Michael purchased a new position in Scholastic in the 4th quarter valued at approximately $524,000. Vanguard Group Inc. raised its holdings in Scholastic by 3.8% during the fourth quarter. Vanguard Group Inc. now owns 1,593,981 shares of the company’s stock worth $47,230,000 after purchasing an additional 59,017 shares during the last quarter. Caxton Associates LLP raised its holdings in Scholastic by 248.3% during the first quarter. Caxton Associates LLP now owns 40,079 shares of the company’s stock worth $1,565,000 after purchasing an additional 28,571 shares during the last quarter. Finally, Horizon Investments LLC purchased a new stake in Scholastic during the fourth quarter worth $650,000. 82.57% of the stock is currently owned by institutional investors and hedge funds.

Scholastic Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Investors of record on Monday, August 31st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.3%. This is a positive change from Scholastic’s previous quarterly dividend of $0.20. The ex-dividend date is Monday, August 31st. Scholastic’s dividend payout ratio (DPR) is 32.26%.

Key Headlines Impacting Scholastic

Here are the key news stories impacting Scholastic this week:

About Scholastic

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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.

Further Reading

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