Stifel Nicolaus Reiterates “Hold” Rating for Scholastic Corporation (SCHL)
A number of other research firms have also weighed in on SCHL. BidaskClub lowered Scholastic Corporation from a sell rating to a strong sell rating in a report on Monday, July 31st. Zacks Investment Research lowered Scholastic Corporation from a hold rating to a sell rating in a report on Thursday, May 25th.
Shares of Scholastic Corporation (NASDAQ:SCHL) opened at 36.23 on Thursday. The stock has a 50 day moving average price of $39.37 and a 200 day moving average price of $42.28. Scholastic Corporation has a 52-week low of $33.51 and a 52-week high of $49.38. The company has a market capitalization of $1.27 billion, a PE ratio of 45.63 and a beta of 0.75.
Scholastic Corporation (NASDAQ:SCHL) last posted its earnings results on Thursday, September 21st. The company reported ($1.67) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.33). The business had revenue of $189.20 million for the quarter, compared to analyst estimates of $208.00 million. Scholastic Corporation had a return on equity of 3.57% and a net margin of 1.71%. The firm’s revenue was down 33.1% compared to the same quarter last year. During the same period in the previous year, the firm posted ($1.15) earnings per share. On average, analysts predict that Scholastic Corporation will post $1.14 earnings per share for the current fiscal year.
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The company also recently declared a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, October 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Monday, October 30th. This represents a $0.60 annualized dividend and a yield of 1.66%. Scholastic Corporation’s dividend payout ratio (DPR) is presently 77.92%.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Sei Investments Co. boosted its stake in Scholastic Corporation by 69.6% in the 1st quarter. Sei Investments Co. now owns 2,454 shares of the company’s stock valued at $105,000 after purchasing an additional 1,007 shares during the period. Federated Investors Inc. PA bought a new stake in Scholastic Corporation in the 2nd quarter valued at $111,000. Quantbot Technologies LP bought a new stake in Scholastic Corporation in the 1st quarter valued at $110,000. Public Employees Retirement System of Ohio boosted its stake in Scholastic Corporation by 5.3% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,818 shares of the company’s stock valued at $166,000 after purchasing an additional 193 shares during the period. Finally, Bessemer Group Inc. boosted its stake in Scholastic Corporation by 11.5% in the 2nd quarter. Bessemer Group Inc. now owns 4,495 shares of the company’s stock valued at $196,000 after purchasing an additional 462 shares during the period. Institutional investors and hedge funds own 78.99% of the company’s stock.
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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