Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Scholastic Corporation (NASDAQ:SCHL) Share Price
News headlines about Scholastic Corporation (NASDAQ:SCHL) have trended somewhat positive recently, according to Accern Sentiment Analysis. The research group identifies negative and positive news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Scholastic Corporation earned a news impact score of 0.15 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 46.5098458702508 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
These are some of the headlines that may have impacted Accern’s scoring:
- See what the IHS Markit Score report has to say about Scholastic Corp. (finance.yahoo.com)
- ETFs with exposure to Scholastic Corp. : August 8, 2017 (finance.yahoo.com)
- Scholastic Releases Three New Professional Books to Help K-12 Educators Prepare for Back-to-School (finance.yahoo.com)
Scholastic Corporation (NASDAQ SCHL) traded down 0.60% on Friday, hitting $39.77. 98,449 shares of the stock were exchanged. The stock’s 50 day moving average price is $42.27 and its 200 day moving average price is $43.63. Scholastic Corporation has a 52-week low of $35.20 and a 52-week high of $49.38. The firm has a market cap of $1.40 billion, a PE ratio of 26.98 and a beta of 0.74.
Scholastic Corporation (NASDAQ:SCHL) last released its quarterly earnings results on Thursday, July 20th. The company reported $1.31 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.09 by $0.22. Scholastic Corporation had a return on equity of 5.10% and a net margin of 3.00%. The business had revenue of $499.60 million during the quarter, compared to analysts’ expectations of $508 million. During the same quarter in the prior year, the business earned $1.22 earnings per share. The company’s quarterly revenue was down 2.8% compared to the same quarter last year. Equities research analysts forecast that Scholastic Corporation will post $1.21 earnings per share for the current year.
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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 1.51%. The ex-dividend date is Tuesday, August 29th. Scholastic Corporation’s dividend payout ratio (DPR) is presently 41.96%.
Several brokerages have recently weighed in on SCHL. Zacks Investment Research raised shares of Scholastic Corporation from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research note on Friday, July 21st. BidaskClub cut shares of Scholastic Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th.
In other Scholastic Corporation news, CEO Richard Robinson sold 67,993 shares of the stock in a transaction on Friday, June 2nd. The stock was sold at an average price of $43.08, for a total value of $2,929,138.44. Following the completion of the transaction, the chief executive officer now owns 4,350,943 shares in the company, valued at $187,438,624.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Judith Newman sold 5,000 shares of the stock in a transaction on Monday, June 12th. The stock was sold at an average price of $45.04, for a total value of $225,200.00. Following the completion of the transaction, the executive vice president now owns 18,894 shares of the company’s stock, valued at approximately $850,985.76. The disclosure for this sale can be found here. Insiders have sold 73,094 shares of company stock valued at $3,159,010 in the last 90 days. Company insiders own 24.16% of the company’s stock.
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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