Scholastic (NASDAQ:SCHL) Issues Earnings Results

Scholastic (NASDAQ:SCHL) released its earnings results on Thursday. The company reported ($2.13) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($2.48) by $0.35, Zacks reports. The business had revenue of $237.20 million during the quarter, compared to analyst estimates of $233.49 million. Scholastic had a net margin of 0.76% and a return on equity of 3.34%. During the same quarter in the prior year, the firm earned ($2.20) earnings per share. Scholastic updated its FY 2025 guidance to EPS.

Scholastic Stock Up 6.2 %

Shares of SCHL traded up $1.86 during midday trading on Friday, reaching $32.04. The company had a trading volume of 450,776 shares, compared to its average volume of 205,687. The firm has a 50 day simple moving average of $30.89 and a 200-day simple moving average of $34.23. The stock has a market cap of $904.81 million, a PE ratio of 22.10 and a beta of 1.03. Scholastic has a 1-year low of $28.47 and a 1-year high of $41.79.

Scholastic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, October 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.50%. The ex-dividend date is Thursday, October 31st. Scholastic’s dividend payout ratio (DPR) is currently 55.17%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Scholastic from a “hold” rating to a “buy” rating in a research note on Friday.

Insider Activity at Scholastic

In other news, EVP Iole Lucchese bought 1,654 shares of the firm’s stock in a transaction on Tuesday, July 23rd. The shares were bought at an average cost of $30.49 per share, for a total transaction of $50,430.46. Following the acquisition, the executive vice president now directly owns 74,264 shares of the company’s stock, valued at approximately $2,264,309.36. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Scholastic news, EVP Iole Lucchese purchased 1,654 shares of the firm’s stock in a transaction dated Tuesday, July 23rd. The shares were acquired at an average price of $30.49 per share, with a total value of $50,430.46. Following the purchase, the executive vice president now directly owns 74,264 shares in the company, valued at approximately $2,264,309.36. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Warwick Peter acquired 1,674 shares of the business’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were acquired at an average cost of $30.46 per share, with a total value of $50,990.04. Following the completion of the transaction, the chief executive officer now directly owns 104,349 shares in the company, valued at approximately $3,178,470.54. The disclosure for this purchase can be found here. 18.62% of the stock is currently owned by insiders.

About Scholastic

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.