Scholastic Co. (NASDAQ:SCHL - Get Free Report) declared a quarterly dividend on Wednesday, March 19th, RTT News reports. Shareholders of record on Wednesday, April 30th will be paid a dividend of 0.20 per share on Monday, June 16th. This represents a $0.80 dividend on an annualized basis and a yield of 3.77%. The ex-dividend date of this dividend is Wednesday, April 30th.
Scholastic has increased its dividend payment by an average of 10.1% annually over the last three years.
Scholastic Trading Up 12.9 %
Scholastic stock traded up $2.42 during trading hours on Friday, reaching $21.22. The company had a trading volume of 2,291,312 shares, compared to its average volume of 237,469. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81. The company has a 50-day moving average price of $20.09 and a 200 day moving average price of $24.01. The firm has a market cap of $596.30 million, a price-to-earnings ratio of -117.88 and a beta of 1.10. Scholastic has a 12-month low of $17.72 and a 12-month high of $38.78.
Scholastic (NASDAQ:SCHL - Get Free Report) last announced its quarterly earnings results on Thursday, March 20th. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.78) by $0.73. The business had revenue of $335.40 million for the quarter, compared to analysts' expectations of $347.68 million. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. Equities analysts forecast that Scholastic will post 0.84 earnings per share for the current year.
Scholastic Company Profile
(
Get Free Report)
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.
Further Reading
Before you consider Scholastic, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Scholastic wasn't on the list.
While Scholastic currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
