Scholastic (NASDAQ:SCHL) Posts Quarterly Earnings Results, Beats Estimates By $0.73 EPS

Scholastic (NASDAQ:SCHL - Get Free Report) issued its quarterly earnings results on Thursday. The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.78) by $0.73, Zacks reports. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. The firm had revenue of $335.40 million for the quarter, compared to analysts' expectations of $347.68 million.

Scholastic Stock Down 8.1 %

NASDAQ SCHL traded down $1.71 during mid-day trading on Monday, reaching $19.51. The stock had a trading volume of 1,149,061 shares, compared to its average volume of 241,115. The company has a fifty day moving average price of $20.09 and a 200 day moving average price of $23.96. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81. Scholastic has a 1 year low of $17.72 and a 1 year high of $38.78. The stock has a market cap of $548.25 million, a PE ratio of -108.38 and a beta of 1.10.

Scholastic Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.10%. Scholastic's dividend payout ratio is currently 133.33%.

Scholastic Company Profile

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.