Somewhat Favorable Press Coverage Somewhat Unlikely to Impact Scholastic Corporation (SCHL) Stock Price
News stories about Scholastic Corporation (NASDAQ:SCHL) have been trending somewhat positive this week, according to Accern. Accern scores the sentiment of media coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Scholastic Corporation earned a news impact score of 0.14 on Accern’s scale. Accern also assigned press coverage about the company an impact score of 47.089727028739 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the next several days.
Here are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- New Civics Education Resource from Scholastic Launches to Spur Timely Classroom Discussions (finance.yahoo.com)
- Scholastic Corp. : SCHL-US: Dividend Analysis : October 31st, 2017 (record date) : By the numbers : November 1, 2017 (finance.yahoo.com)
- Scholastic Corporation Announces CFO Change (finance.yahoo.com)
- Scholastic CFO Maureen O’Connell’s employment terminated, to be replaced by CAO Kenneth Cleary (finance.yahoo.com)
- Scholastic Corp. – Value Analysis (NASDAQ:SCHL) : October 30, 2017 (finance.yahoo.com)
Several equities analysts recently issued reports on SCHL shares. BidaskClub lowered shares of Scholastic Corporation from a “hold” rating to a “sell” rating in a report on Saturday, July 8th. Zacks Investment Research lowered shares of Scholastic Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Scholastic Corporation in a report on Thursday, September 21st.
Shares of Scholastic Corporation (SCHL) traded down $0.11 during mid-day trading on Friday, reaching $37.04. 86,546 shares of the company traded hands, compared to its average volume of 149,297. The stock has a market capitalization of $1,300.00, a price-to-earnings ratio of 29.17 and a beta of 0.76. Scholastic Corporation has a 12 month low of $33.51 and a 12 month high of $49.38.
Scholastic Corporation (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, September 21st. The company reported ($1.67) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of ($1.34) by ($0.33). The business had revenue of $189.20 million for the quarter, compared to analysts’ expectations of $208.00 million. Scholastic Corporation had a net margin of 1.71% and a return on equity of 3.57%. The business’s quarterly revenue was down 33.1% compared to the same quarter last year. During the same period in the previous year, the business earned ($1.15) earnings per share. equities research analysts forecast that Scholastic Corporation will post 1.19 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, October 31st will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 1.62%. The ex-dividend date is Monday, October 30th. Scholastic Corporation’s payout ratio is 76.92%.
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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.
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