Scholastic (NASDAQ:SCHL) will issue its quarterly earnings data before the market opens on Thursday, September 27th. Analysts expect the company to announce earnings of ($1.93) per share for the quarter. Scholastic has set its FY19 guidance at $1.60-1.70 EPS.
Scholastic (NASDAQ:SCHL) last posted its quarterly earnings results on Thursday, July 19th. The company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.37 by $0.08. Scholastic had a negative net margin of 0.31% and a positive return on equity of 3.97%. The company had revenue of $496.20 million during the quarter, compared to the consensus estimate of $527.20 million. During the same period last year, the firm earned $1.31 EPS. The company’s revenue for the quarter was down .7% on a year-over-year basis. On average, analysts expect Scholastic to post $1 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Scholastic stock opened at $43.09 on Tuesday. Scholastic has a 1 year low of $33.85 and a 1 year high of $47.76. The company has a market cap of $1.52 billion, a P/E ratio of 30.12 and a beta of 0.67.
Several research analysts recently issued reports on SCHL shares. BidaskClub downgraded Scholastic from a “buy” rating to a “hold” rating in a research report on Friday, August 31st. UBS Group restated a “sell” rating on shares of Scholastic in a research report on Tuesday, August 21st. TheStreet upgraded Scholastic from a “c” rating to a “b-” rating in a research report on Friday, August 10th. Zacks Investment Research downgraded Scholastic from a “hold” rating to a “sell” rating in a research report on Tuesday, June 5th. Finally, ValuEngine upgraded Scholastic from a “hold” rating to a “buy” rating in a research report on Tuesday, July 10th. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and three have given a buy rating to the company’s stock. Scholastic presently has a consensus rating of “Hold” and a consensus price target of $48.50.
In related news, EVP Judith Newman sold 18,517 shares of Scholastic stock in a transaction that occurred on Tuesday, August 21st. The stock was sold at an average price of $41.54, for a total transaction of $769,196.18. Following the completion of the transaction, the executive vice president now directly owns 20,308 shares in the company, valued at approximately $843,594.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 47,194 shares of company stock valued at $1,953,703 over the last 90 days. Insiders own 21.79% of the company’s stock.
Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.
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