Scholastic (SCHL) Receiving Somewhat Positive Press Coverage, Accern Reports

News coverage about Scholastic (NASDAQ:SCHL) has trended somewhat positive recently, according to Accern. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scholastic earned a daily sentiment score of 0.09 on Accern’s scale. Accern also gave media headlines about the company an impact score of 46.1323614825978 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.

NASDAQ SCHL opened at $44.79 on Thursday. Scholastic has a twelve month low of $33.51 and a twelve month high of $46.59. The company has a market cap of $1.57 billion, a price-to-earnings ratio of 24.48 and a beta of 0.75.

Scholastic (NASDAQ:SCHL) last posted its quarterly earnings results on Wednesday, March 21st. The company reported ($0.30) EPS for the quarter, beating the consensus estimate of ($0.35) by $0.05. Scholastic had a negative net margin of 1.00% and a positive return on equity of 3.58%. The business had revenue of $344.70 million for the quarter, compared to analysts’ expectations of $350.10 million. During the same period in the previous year, the company posted ($0.36) EPS. Scholastic’s revenue was up 2.5% on a year-over-year basis. equities analysts anticipate that Scholastic will post 1.45 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Shareholders of record on Monday, April 30th will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.34%. The ex-dividend date of this dividend is Friday, April 27th. Scholastic’s dividend payout ratio is 32.79%.

Scholastic declared that its Board of Directors has approved a share buyback plan on Wednesday, March 21st that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares buyback plans are typically a sign that the company’s board believes its shares are undervalued.

Several equities research analysts recently commented on SCHL shares. BidaskClub cut Scholastic from a “hold” rating to a “sell” rating in a report on Wednesday, February 21st. Gabelli reissued a “buy” rating on shares of Scholastic in a report on Friday, March 23rd. Finally, Zacks Investment Research raised Scholastic from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, March 27th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $41.00.

In other news, Director John L. Davies sold 1,089 shares of the company’s stock in a transaction dated Friday, April 20th. The shares were sold at an average price of $41.55, for a total transaction of $45,247.95. Following the completion of the transaction, the director now owns 1,398 shares of the company’s stock, valued at $58,086.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Richard Robinson sold 1,200 shares of the company’s stock in a transaction dated Thursday, March 29th. The shares were sold at an average price of $39.23, for a total transaction of $47,076.00. Following the transaction, the chief executive officer now directly owns 4,356,228 shares of the company’s stock, valued at approximately $170,894,824.44. The disclosure for this sale can be found here. Insiders have sold 241,740 shares of company stock valued at $9,491,361 in the last ninety days. 22.30% of the stock is owned by company insiders.

Scholastic Company Profile

Scholastic Corporation, together with its subsidiaries, publishes and distributes children's books worldwide. It operates through three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment engages in the publication and distribution of children's books, e-books, media, and interactive products through its school book clubs and book fairs, and trade channel.

Insider Buying and Selling by Quarter for Scholastic (NASDAQ:SCHL)

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