Scholastic (SCHL) Receives Coverage Optimism Score of 0.03
Media coverage about Scholastic (NASDAQ:SCHL) has been trending somewhat positive this week, Accern reports. The research firm rates the sentiment of press coverage by reviewing more than 20 million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Scholastic earned a news sentiment score of 0.03 on Accern’s scale. Accern also gave media coverage about the company an impact score of 45.9269715768118 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.
Here are some of the news headlines that may have effected Accern’s analysis:
- Insider Selling: Scholastic Corporation (SCHL) Insider Sells 13,100 Shares of Stock (americanbankingnews.com)
- Scholastic : My Very Own Library and Scholastic Book Fairs Provide New Books to Kids in Need (4-traders.com)
- Short Interest in Scholastic Corporation (SCHL) Declines By 34.1% (americanbankingnews.com)
- Scholastic Corporation (SCHL) Given $38.00 Consensus Price Target by Brokerages (americanbankingnews.com)
- My Very Own Library And Scholastic Book Fairs Provide New Books To Kids In Need (finance.yahoo.com)
SCHL has been the subject of a number of recent analyst reports. Stifel Nicolaus reiterated a “hold” rating and issued a $44.00 target price on shares of Scholastic in a research note on Wednesday, August 16th. Zacks Investment Research upgraded shares of Scholastic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th.
Scholastic (NASDAQ:SCHL) last released its earnings results on Thursday, September 21st. The company reported ($1.67) EPS for the quarter, missing analysts’ consensus estimates of ($1.34) by ($0.33). The company had revenue of $189.20 million during the quarter, compared to analyst estimates of $208.00 million. Scholastic had a return on equity of 3.57% and a net margin of 1.71%. The firm’s revenue for the quarter was down 33.1% on a year-over-year basis. During the same quarter last year, the business earned ($1.15) earnings per share. research analysts expect that Scholastic will post 1.19 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 15th. Investors of record on Tuesday, October 31st will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.45%. The ex-dividend date is Monday, October 30th. Scholastic’s dividend payout ratio (DPR) is presently 77.92%.
In other Scholastic news, insider Alan J. Boyko sold 13,100 shares of Scholastic stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $40.79, for a total transaction of $534,349.00. Following the completion of the sale, the insider now directly owns 44,146 shares in the company, valued at approximately $1,800,715.34. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 22.30% of the company’s stock.
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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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