Scholastic Corporation (SCHL) Given News Sentiment Rating of 0.18
News articles about Scholastic Corporation (NASDAQ:SCHL) have been trending somewhat positive recently, according to Accern. The research firm scores the sentiment of news coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Scholastic Corporation earned a news sentiment score of 0.18 on Accern’s scale. Accern also assigned news headlines about the company an impact score of 45.9174910802879 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next few days.
Shares of Scholastic Corporation (SCHL) traded up 1.47% during trading on Wednesday, hitting $39.31. 96,508 shares of the stock were exchanged. The stock’s 50 day moving average price is $40.94 and its 200 day moving average price is $43.14. The stock has a market cap of $1.38 billion, a PE ratio of 26.67 and a beta of 0.74. Scholastic Corporation has a one year low of $35.20 and a one year high of $49.38.
Scholastic Corporation (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, July 20th. The company reported $1.31 EPS for the quarter, topping the Zacks’ consensus estimate of $1.09 by $0.22. Scholastic Corporation had a return on equity of 5.10% and a net margin of 3.00%. The company had revenue of $499.60 million during the quarter, compared to the consensus estimate of $508 million. During the same quarter last year, the company earned $1.22 EPS. The company’s quarterly revenue was down 2.8% on a year-over-year basis. Equities research analysts predict that Scholastic Corporation will post $1.21 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 15th. Shareholders of record on Thursday, August 31st will be given a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, August 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.55%. Scholastic Corporation’s dividend payout ratio is currently 41.96%.
Several brokerages have commented on SCHL. BidaskClub upgraded shares of Scholastic Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Zacks Investment Research upgraded shares of Scholastic Corporation from a “hold” rating to a “buy” rating and set a $50.00 price target on the stock in a research note on Friday, July 21st. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $44.00 price target on shares of Scholastic Corporation in a research note on Wednesday, August 16th.
In other Scholastic Corporation news, CEO Richard Robinson sold 67,993 shares of the firm’s stock in a transaction that occurred on Friday, June 2nd. The stock was sold at an average price of $43.08, for a total value of $2,929,138.44. Following the completion of the sale, the chief executive officer now owns 4,350,943 shares in the company, valued at approximately $187,438,624.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Judith Newman sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $45.04, for a total value of $225,200.00. Following the completion of the sale, the executive vice president now owns 18,894 shares of the company’s stock, valued at approximately $850,985.76. The disclosure for this sale can be found here. Insiders sold a total of 73,094 shares of company stock valued at $3,159,010 in the last quarter. Corporate insiders own 22.30% of the company’s stock.
About Scholastic Corporation
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.
Receive News & Stock Ratings for Scholastic Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scholastic Corporation and related stocks with our FREE daily email newsletter.