Scholastic (SCHL) Receives Coverage Optimism Score of 0.06
Media coverage about Scholastic (NASDAQ:SCHL) has been trending somewhat positive recently, according to Accern. The research group identifies positive and negative news coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores closest to one being the most favorable. Scholastic earned a news sentiment score of 0.06 on Accern’s scale. Accern also gave news articles about the company an impact score of 46.4151385225021 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the next several days.
Shares of Scholastic (NASDAQ SCHL) opened at $39.37 on Wednesday. Scholastic has a 52-week low of $33.51 and a 52-week high of $46.98. The company has a market capitalization of $1,370.00, a P/E ratio of 85.59 and a beta of 0.78.
Scholastic (NASDAQ:SCHL) last released its quarterly earnings data on Thursday, December 14th. The company reported $1.92 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.75 by $0.17. Scholastic had a return on equity of 3.41% and a net margin of 1.07%. The business had revenue of $598.30 million for the quarter, compared to analyst estimates of $601.40 million. During the same quarter in the prior year, the firm posted $1.92 EPS. The business’s quarterly revenue was down 4.0% compared to the same quarter last year. analysts forecast that Scholastic will post 1.27 earnings per share for the current year.
A number of equities research analysts recently commented on SCHL shares. BidaskClub upgraded Scholastic from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Zacks Investment Research lowered Scholastic from a “hold” rating to a “sell” rating in a research report on Wednesday, September 20th. TheStreet upgraded Scholastic from a “c” rating to a “b-” rating in a research report on Thursday, December 14th. Finally, Stifel Nicolaus upped their price objective on Scholastic from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Wednesday, December 13th.
In other news, insider Alan J. Boyko sold 13,100 shares of the company’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $40.79, for a total transaction of $534,349.00. Following the completion of the transaction, the insider now directly owns 44,146 shares of the company’s stock, valued at approximately $1,800,715.34. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Richard Robinson sold 3,500 shares of the company’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $40.33, for a total value of $141,155.00. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,600 shares of company stock worth $1,095,638. Insiders own 22.30% of the company’s stock.
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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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