Shares of Scholastic Corp (NASDAQ:SCHL) have received a consensus broker rating score of 2.00 (Buy) from the two analysts that cover the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has given a strong buy rating to the company.
Analysts have set a 12 month consensus price objective of $41.00 for the company and are expecting that the company will post ($0.35) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Scholastic an industry rank of 44 out of 265 based on the ratings given to related companies.
SCHL has been the topic of several recent analyst reports. BidaskClub cut shares of Scholastic from a “sell” rating to a “strong sell” rating in a report on Saturday, January 20th. Zacks Investment Research cut shares of Scholastic from a “hold” rating to a “sell” rating in a report on Friday, December 15th. TheStreet cut shares of Scholastic from a “b-” rating to a “c” rating in a report on Monday, January 22nd. Finally, Stifel Nicolaus raised their target price on shares of Scholastic from $38.00 to $41.00 and gave the stock a “hold” rating in a report on Wednesday, December 13th.
Scholastic (NASDAQ:SCHL) last issued its earnings results on Thursday, December 14th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.75 by $0.17. Scholastic had a net margin of 1.07% and a return on equity of 3.41%. The firm had revenue of $598.30 million for the quarter, compared to analysts’ expectations of $601.40 million. During the same quarter last year, the business earned $1.92 earnings per share. The business’s revenue was down 4.0% on a year-over-year basis. analysts anticipate that Scholastic will post 1.27 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, January 31st will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 1.60%. The ex-dividend date is Tuesday, January 30th. Scholastic’s dividend payout ratio is 133.33%.
In related news, EVP Judith Newman sold 2,500 shares of Scholastic stock in a transaction 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 sale, the executive vice president now owns 17,269 shares in the company, valued at $679,707.84. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Alan J. Boyko sold 2,673 shares of Scholastic stock in a transaction on Monday, December 4th. The shares were sold at an average price of $42.05, for a total transaction of $112,399.65. Following the completion of the sale, the insider now owns 39,548 shares in the company, valued at approximately $1,662,993.40. The disclosure for this sale can be found here. Insiders sold 29,100 shares of company stock worth $1,194,038 in the last 90 days. Company insiders own 22.30% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the stock. Schwab Charles Investment Management Inc. raised its position in shares of Scholastic by 3.1% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 260,720 shares of the company’s stock worth $9,699,000 after purchasing an additional 7,738 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Scholastic by 70.6% in the 3rd quarter. Wells Fargo & Company MN now owns 33,179 shares of the company’s stock worth $1,234,000 after purchasing an additional 13,729 shares during the last quarter. Teachers Advisors LLC raised its position in shares of Scholastic by 10.7% in the 2nd quarter. Teachers Advisors LLC now owns 52,794 shares of the company’s stock worth $2,301,000 after purchasing an additional 5,093 shares during the last quarter. Boston Partners raised its position in shares of Scholastic by 2.6% in the 3rd quarter. Boston Partners now owns 413,547 shares of the company’s stock worth $15,384,000 after purchasing an additional 10,302 shares during the last quarter. Finally, State Street Corp raised its position in shares of Scholastic by 3.6% in the 2nd quarter. State Street Corp now owns 700,740 shares of the company’s stock worth $30,543,000 after purchasing an additional 24,289 shares during the last quarter. Institutional investors and hedge funds own 80.63% of the company’s stock.
Scholastic 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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