News headlines about Scholastic Corporation (NASDAQ:SCHL) have been trending somewhat positive this week, Accern reports. The research group identifies positive and negative media coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Scholastic Corporation earned a news sentiment score of 0.16 on Accern’s scale. Accern also gave media stories about the company an impact score of 50 out of 100, indicating that recent media coverage is somewhat likely to have an effect on the company’s share price in the near term.

SCHL has been the subject of a number of recent research reports. Zacks Investment Research downgraded Scholastic Corporation from a “hold” rating to a “sell” rating in a research report on Thursday, May 25th. BidaskClub raised Scholastic Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th.

Scholastic Corporation (NASDAQ SCHL) traded down 0.69% on Thursday, reaching $40.43. The company’s stock had a trading volume of 152,294 shares. The company has a market capitalization of $1.35 billion, a price-to-earnings ratio of 27.32 and a beta of 0.74. The firm’s 50 day moving average price is $43.38 and its 200-day moving average price is $43.91. Scholastic Corporation has a 1-year low of $35.20 and a 1-year high of $49.38.

Scholastic Corporation (NASDAQ:SCHL) last posted its quarterly earnings results on Thursday, July 20th. The company reported $1.31 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.09 by $0.22. Scholastic Corporation had a net margin of 3.00% and a return on equity of 5.10%. The company had revenue of $499.60 million during the quarter, compared to the consensus estimate of $508 million. During the same period last year, the firm earned $1.22 EPS. The company’s revenue for the quarter was down 2.8% on a year-over-year basis. Equities analysts forecast that Scholastic Corporation will post $1.21 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 15th. Investors of record on Thursday, August 31st will be issued a dividend of $0.15 per share. The ex-dividend date is Tuesday, August 29th. This represents a $0.60 annualized dividend and a dividend yield of 1.48%. Scholastic Corporation’s payout ratio is 41.96%.

In related news, EVP Judith Newman sold 5,000 shares of Scholastic Corporation stock in a transaction on Monday, June 12th. The shares were sold at an average price of $45.04, for a total transaction of $225,200.00. Following the transaction, the executive vice president now owns 18,894 shares in the company, valued at approximately $850,985.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Richard Robinson sold 53,145 shares of the business’s stock in a transaction on Monday, May 8th. The stock was sold at an average price of $43.14, for a total transaction of $2,292,675.30. Following the completion of the transaction, the chief executive officer now owns 4,401,141 shares in the company, valued at approximately $189,865,222.74. The disclosure for this sale can be found here. Insiders have sold a total of 126,239 shares of company stock worth $5,451,685 in the last 90 days. Company insiders own 24.16% of the company’s stock.

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Scholastic Corporation Company Profile

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.

Insider Buying and Selling by Quarter for Scholastic Corporation (NASDAQ:SCHL)

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