Scholastic Co. (NASDAQ:SCHL - Get Free Report) saw an uptick in trading volume on Monday . 270,034 shares were traded during mid-day trading, an increase of 14% from the previous session's volume of 237,701 shares.The stock last traded at $20.05 and had previously closed at $21.22.
Scholastic Trading Down 0.1 %
The company has a 50-day moving average price of $20.00 and a two-hundred day moving average price of $23.72. The stock has a market cap of $523.52 million, a P/E ratio of -103.02 and a beta of 1.10. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25.
Scholastic (NASDAQ:SCHL - Get Free Report) last announced its quarterly earnings data on Thursday, March 20th. The company reported ($0.05) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.78) by $0.73. The business had revenue of $335.40 million during the quarter, compared to the consensus estimate of $347.68 million. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. On average, research analysts expect that Scholastic Co. will post 0.84 EPS for the current fiscal year.
Scholastic Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be paid a $0.20 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 4.29%. Scholastic's payout ratio is 133.33%.
Institutional Trading of Scholastic
A number of large investors have recently made changes to their positions in SCHL. Lazard Asset Management LLC purchased a new stake in Scholastic in the fourth quarter worth about $33,000. KBC Group NV raised its position in shares of Scholastic by 125.4% in the 4th quarter. KBC Group NV now owns 2,443 shares of the company's stock worth $52,000 after acquiring an additional 1,359 shares in the last quarter. FMR LLC lifted its stake in shares of Scholastic by 58.8% during the 3rd quarter. FMR LLC now owns 2,346 shares of the company's stock worth $75,000 after purchasing an additional 869 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in Scholastic in the fourth quarter valued at about $96,000. Finally, Sterling Capital Management LLC raised its holdings in Scholastic by 7.5% in the fourth quarter. Sterling Capital Management LLC now owns 9,444 shares of the company's stock worth $201,000 after purchasing an additional 662 shares in the last quarter. 82.57% of the stock is owned by hedge funds and other institutional investors.
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.
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