Scholastic (NASDAQ:SCHL) is scheduled to post its quarterly earnings results before the market opens on Thursday, September 27th. Analysts expect Scholastic to post earnings of ($1.93) per share for the quarter. Scholastic has set its FY19 guidance at $1.60-1.70 EPS.

Scholastic (NASDAQ:SCHL) last released its earnings results on Thursday, July 19th. The company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.08. Scholastic had a negative net margin of 0.31% and a positive return on equity of 3.97%. The company had revenue of $496.20 million for the quarter, compared to analysts’ expectations of $527.20 million. During the same quarter last year, the business earned $1.31 EPS. The firm’s revenue was down .7% compared to the same quarter last year. On average, analysts expect Scholastic to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.

Shares of SCHL opened at $42.73 on Wednesday. Scholastic has a 1 year low of $33.85 and a 1 year high of $47.76. The company has a market cap of $1.52 billion, a price-to-earnings ratio of 30.16 and a beta of 0.67.

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 17th. Shareholders of record on Friday, August 31st were issued a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date of this dividend was Thursday, August 30th. Scholastic’s dividend payout ratio (DPR) is currently 41.96%.

In other Scholastic news, EVP Judith Newman sold 18,517 shares of the stock in a transaction that occurred on Tuesday, August 21st. The shares were sold at an average price of $41.54, for a total transaction of $769,196.18. Following the completion of the sale, the executive vice president now directly owns 20,308 shares of the company’s stock, valued at approximately $843,594.32. The sale was disclosed in a legal filing with the SEC, which is available at this link. Over the last ninety days, insiders have sold 47,194 shares of company stock valued at $1,953,703. Insiders own 21.79% of the company’s stock.

A number of brokerages have issued reports on SCHL. BidaskClub raised shares of Scholastic from a “buy” rating to a “strong-buy” rating in a report on Thursday, May 31st. ValuEngine raised shares of Scholastic from a “hold” rating to a “buy” rating in a report on Saturday. Zacks Investment Research lowered shares of Scholastic from a “hold” rating to a “sell” rating in a report on Tuesday. Stifel Nicolaus reaffirmed a “hold” rating and set a $43.00 price objective (up from $40.00) on shares of Scholastic in a report on Monday, July 16th. Finally, UBS Group reaffirmed a “sell” rating on shares of Scholastic in a report on Tuesday, August 21st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $48.50.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.

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Earnings History for Scholastic (NASDAQ:SCHL)

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