Scholastic Co. (NASDAQ:SCHL - Get Free Report)'s stock price gapped up before the market opened on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $18.80, but opened at $19.98. Scholastic shares last traded at $21.10, with a volume of 188,342 shares trading hands.
The company reported ($0.05) EPS for the quarter, topping analysts' consensus estimates of ($0.78) by $0.73. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. The business had revenue of $335.40 million during the quarter, compared to analysts' expectations of $347.68 million.
Scholastic Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be given 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 4.24%. Scholastic's dividend payout ratio (DPR) is presently 133.33%.
Hedge Funds Weigh In On Scholastic
Large investors have recently modified their holdings of the stock. Lazard Asset Management LLC purchased a new position in Scholastic during the fourth quarter worth $33,000. KBC Group NV grew its holdings in Scholastic by 125.4% during the 4th quarter. KBC Group NV now owns 2,443 shares of the company's stock valued at $52,000 after purchasing an additional 1,359 shares during the last quarter. FMR LLC raised its position in Scholastic by 58.8% in 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 period. KLP Kapitalforvaltning AS bought a new stake in Scholastic in the fourth quarter worth about $96,000. Finally, Sterling Capital Management LLC boosted its position in shares of Scholastic by 7.5% during the fourth quarter. Sterling Capital Management LLC now owns 9,444 shares of the company's stock valued at $201,000 after buying an additional 662 shares during the period. Institutional investors own 82.57% of the company's stock.
Scholastic Stock Performance
The company has a quick ratio of 0.81, a current ratio of 1.24 and a debt-to-equity ratio of 0.25. The business has a 50 day moving average price of $20.07 and a 200 day moving average price of $23.79. The stock has a market cap of $529.70 million, a P/E ratio of -104.72 and a beta of 1.10.
About Scholastic
(
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.
See Also
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
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Spring 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
