Scholastic Corporation (SCHL) Set to Announce Earnings on Wednesday
Scholastic Corporation (NASDAQ:SCHL) will post its quarterly earnings results before the market opens on Wednesday, September 20th. Analysts expect Scholastic Corporation to post earnings of ($1.19) per share for the quarter. Scholastic Corporation has set its FY18 guidance at $1.20-1.30 EPS.
Scholastic Corporation (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, July 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.09 by $0.22. The business had revenue of $499.60 million during the quarter, compared to analyst estimates of $508.00 million. Scholastic Corporation had a return on equity of 5.10% and a net margin of 3.00%. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period last year, the company earned $1.22 EPS. On average, analysts expect Scholastic Corporation to post $1.21 EPS for the current fiscal year and $1.50 EPS for the next fiscal year.
Shares of Scholastic Corporation (NASDAQ:SCHL) opened at 39.22 on Wednesday. The stock has a 50 day moving average price of $39.80 and a 200 day moving average price of $42.56. Scholastic Corporation has a 1-year low of $35.20 and a 1-year high of $49.38. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of 26.61 and a beta of 0.75.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 15th. Stockholders of record on Thursday, August 31st will be given a $0.15 dividend. The ex-dividend date is Tuesday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.53%. Scholastic Corporation’s dividend payout ratio (DPR) is presently 41.96%.
A number of research firms recently commented on SCHL. BidaskClub cut Scholastic Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Zacks Investment Research cut Scholastic Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $44.00 price objective on shares of Scholastic Corporation in a report on Wednesday, August 16th.
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Scholastic Corporation Company Profile
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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