Scholastic Corporation (SCHL) Issues FY18 Earnings Guidance
Scholastic Corporation (NASDAQ:SCHL) issued an update on its FY18 earnings guidance on Thursday morning. The company provided EPS guidance of $1.20-1.30 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.24. The company issued revenue guidance of $1.65-1.70 billion, compared to the consensus revenue estimate of $1.68 billion.
Scholastic Corporation (NASDAQ:SCHL) last announced its earnings results on Thursday, September 21st. The company reported ($1.67) EPS for the quarter, missing the consensus estimate of ($1.34) by ($0.33). The company had revenue of $189.20 million for the quarter, compared to the consensus estimate of $208.00 million. Scholastic Corporation had a return on equity of 5.10% and a net margin of 3.00%. The business’s quarterly revenue was down 33.1% on a year-over-year basis. During the same period in the previous year, the firm posted ($1.15) EPS.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.56%. Scholastic Corporation’s payout ratio is 41.96%.
SCHL has been the subject of several research analyst reports. BidaskClub downgraded shares of Scholastic Corporation from a hold rating to a sell rating in a report on Saturday, July 8th. Zacks Investment Research downgraded shares of Scholastic Corporation from a buy rating to a hold rating in a report on Wednesday, July 26th. Finally, Stifel Nicolaus reaffirmed a hold rating and set a $44.00 target price on shares of Scholastic Corporation in a report on Wednesday, August 16th.
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About Scholastic Corporation
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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