Scholastic Corporation (NASDAQ:SCHL) will be releasing its earnings data before the market opens on Wednesday, July 19th. Analysts expect Scholastic Corporation to post earnings of $1.09 per share for the quarter.
Scholastic Corporation (NASDAQ:SCHL) opened at 43.16 on Tuesday. The firm has a 50-day moving average price of $43.33 and a 200-day moving average price of $44.69. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 32.52 and a beta of 0.75. Scholastic Corporation has a 12 month low of $35.20 and a 12 month high of $49.38.
Several equities research analysts have weighed in on the company. Zacks Investment Research raised Scholastic Corporation from a “hold” rating to a “buy” rating and set a $51.00 price target for the company in a report on Thursday, March 23rd. BidaskClub raised Scholastic Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Stifel Nicolaus lowered their price target on Scholastic Corporation from $45.00 to $44.00 and set a “hold” rating for the company in a report on Tuesday, March 28th.
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In other news, Director Andres A. Alonso sold 964 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $43.48, for a total value of $41,914.72. Following the completion of the transaction, the director now directly owns 1,089 shares in the company, valued at $47,349.72. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CEO Richard Robinson sold 98,681 shares of the firm’s stock in a transaction dated Tuesday, April 25th. The stock was sold at an average price of $43.56, for a total value of $4,298,544.36. Following the completion of the transaction, the chief executive officer now owns 4,363,261 shares of the company’s stock, valued at $190,063,649.16. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 238,949 shares of company stock valued at $10,356,902. Company insiders own 24.16% 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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