Scholastic (NASDAQ:SCHL) issued its quarterly earnings data on Wednesday. The company reported ($0.30) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.05, Bloomberg Earnings reports. Scholastic had a positive return on equity of 3.57% and a negative net margin of 1.00%. The firm had revenue of $344.70 million during the quarter, compared to the consensus estimate of $350.10 million. During the same period in the previous year, the firm posted ($0.36) EPS. The company’s quarterly revenue was up 2.5% compared to the same quarter last year.

Shares of Scholastic (SCHL) opened at $37.66 on Friday. The company has a market cap of $1,287.66, a P/E ratio of 29.29 and a beta of 0.75. Scholastic has a 12 month low of $33.51 and a 12 month high of $46.59.

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The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Monday, April 30th will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.60 annualized dividend and a yield of 1.59%. Scholastic’s payout ratio is currently -115.38%.

Scholastic announced that its board has approved a stock buyback program on Wednesday, March 21st that permits the company to repurchase $50.00 million in shares. This repurchase authorization permits the company to repurchase shares of its stock through open market purchases. Shares repurchase programs are often a sign that the company’s board believes its shares are undervalued.

In other Scholastic news, EVP Judith Newman sold 2,500 shares of Scholastic stock in a transaction that occurred on Tuesday, January 16th. The shares were sold at an average price of $39.36, for a total value of $98,400.00. Following the completion of the sale, the executive vice president now directly owns 17,269 shares of the company’s stock, valued at approximately $679,707.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 22.30% of the stock is currently owned by insiders.

Several research analysts recently issued reports on the company. BidaskClub upgraded Scholastic from a “strong sell” rating to a “sell” rating in a research report on Monday, February 5th. TheStreet upgraded Scholastic from a “c” rating to a “b-” rating in a research report on Thursday, December 14th. Stifel Nicolaus lifted 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. Finally, Zacks Investment Research cut shares of Scholastic from a “hold” rating to a “sell” rating in a research note on Friday, December 15th.

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Scholastic Company Profile

Scholastic Corporation, together with its subsidiaries, publishes and distributes children's books worldwide. It operates through three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment engages in the publication and distribution of children's books, e-books, media, and interactive products through its school book clubs and book fairs, and trade channel.

Earnings History for Scholastic (NASDAQ:SCHL)

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