Scholastic Corp (SCHL) to Release Earnings on Thursday
Scholastic Corp (NASDAQ:SCHL) will be posting its quarterly earnings results before the market opens on Thursday, March 23rd. Analysts expect Scholastic Corp to post earnings of ($0.27) per share for the quarter.
Scholastic Corp (NASDAQ:SCHL) opened at 46.23 on Tuesday. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of 30.43 and a beta of 0.98. The firm has a 50-day moving average of $45.70 and a 200 day moving average of $43.26. Scholastic Corp has a 12-month low of $34.76 and a 12-month high of $49.38.
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Separately, Zacks Investment Research lowered shares of Scholastic Corp from a “buy” rating to a “hold” rating in a research report on Thursday, November 24th.
In other Scholastic Corp news, CEO Richard Robinson sold 53,026 shares of the company’s stock in a transaction dated Friday, January 13th. The shares were sold at an average price of $46.77, for a total transaction of $2,480,026.02. Following the sale, the chief executive officer now directly owns 4,372,680 shares of the company’s stock, valued at $204,510,243.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Maureen Oconnell sold 8,264 shares of the company’s stock in a transaction dated Wednesday, January 4th. The shares were sold at an average price of $47.45, for a total transaction of $392,126.80. Following the sale, the chief financial officer now directly owns 27,865 shares in the company, valued at $1,322,194.25. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 104,858 shares of company stock valued at $4,937,212. 24.16% of the stock is owned by company insiders.
About Scholastic Corp
Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.
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