Scholastic (NASDAQ:SCHL) Releases Quarterly Earnings Results

Scholastic (NASDAQ:SCHL) posted its quarterly earnings results on Thursday. The company reported ($2.13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.48) by $0.35, Zacks reports. Scholastic had a return on equity of 3.34% and a net margin of 0.76%. The company had revenue of $237.20 million for the quarter, compared to analyst estimates of $233.49 million. During the same quarter last year, the company earned ($2.20) EPS. Scholastic updated its FY 2025 guidance to EPS.

Scholastic Stock Up 6.2 %

SCHL traded up $1.86 on Friday, reaching $32.04. The company’s stock had a trading volume of 450,776 shares, compared to its average volume of 205,687. Scholastic has a fifty-two week low of $28.47 and a fifty-two week high of $41.79. The stock has a 50 day moving average of $30.89 and a two-hundred day moving average of $34.23. The company has a market capitalization of $904.81 million, a price-to-earnings ratio of 22.10 and a beta of 1.03.

Scholastic Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, October 31st will be paid a dividend of $0.20 per share. This represents a $0.80 annualized dividend and a yield of 2.50%. The ex-dividend date of this dividend is Thursday, October 31st. Scholastic’s payout ratio is 55.17%.

Insider Transactions at Scholastic

In related news, EVP Iole Lucchese bought 1,654 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were purchased at an average cost of $30.49 per share, with a total value of $50,430.46. Following the transaction, the executive vice president now directly owns 74,264 shares of the company’s stock, valued at approximately $2,264,309.36. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, EVP Iole Lucchese purchased 1,654 shares of the company’s stock in a transaction that occurred on Tuesday, July 23rd. The shares were purchased at an average price of $30.49 per share, for a total transaction of $50,430.46. Following the purchase, the executive vice president now directly owns 74,264 shares of the company’s stock, valued at approximately $2,264,309.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Warwick Peter purchased 1,674 shares of the business’s stock in a transaction on Tuesday, July 23rd. The shares were purchased at an average cost of $30.46 per share, for a total transaction of $50,990.04. Following the transaction, the chief executive officer now owns 104,349 shares of the company’s stock, valued at $3,178,470.54. The disclosure for this purchase can be found here. Insiders own 18.62% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Scholastic from a “hold” rating to a “buy” rating in a research report on Friday.

About Scholastic

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.