Scholastic (NASDAQ:SCHL) Issues Quarterly Earnings Results, Beats Estimates By $0.35 EPS

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

Scholastic Stock Up 6.2 %

Shares of NASDAQ:SCHL opened at $32.04 on Friday. The company has a 50-day moving average price of $30.89 and a two-hundred day moving average price of $34.23. Scholastic has a twelve month low of $28.47 and a twelve month high of $41.79. The firm has a market capitalization of $904.81 million, a PE ratio of 22.10 and a beta of 1.03.

Scholastic Announces Dividend

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

Insider Activity at Scholastic

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

Analyst Ratings Changes

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

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.