Scholastic Corporation (SCHL) to Issue $0.15 Quarterly Dividend
Scholastic Corporation (NASDAQ:SCHL) declared a quarterly dividend on Wednesday, December 13th, RTT News reports. Stockholders of record on Wednesday, January 31st will be given a dividend of 0.15 per share on Thursday, March 15th. This represents a $0.60 annualized dividend and a dividend yield of 1.44%.
Scholastic (NASDAQ:SCHL) remained flat at $$41.71 during trading on Wednesday. 77,700 shares of the company traded hands, compared to its average volume of 127,813. The firm has a market capitalization of $1,460.00, a P/E ratio of 32.84 and a beta of 0.78. Scholastic has a 52 week low of $33.51 and a 52 week high of $49.38.
Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, September 21st. The company reported ($1.67) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.34) by ($0.33). The company had revenue of $189.20 million during the quarter, compared to the consensus estimate of $208.00 million. Scholastic had a net margin of 1.71% and a return on equity of 3.57%. The company’s revenue was down 33.1% on a year-over-year basis. During the same quarter last year, the business earned ($1.15) earnings per share. equities analysts anticipate that Scholastic will post 1.19 earnings per share for the current year.
Several research analysts have recently issued reports on SCHL shares. Zacks Investment Research cut shares of Scholastic from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Stifel Nicolaus reissued a “hold” rating on shares of Scholastic in a research note on Thursday, September 21st. Finally, BidaskClub raised shares of Scholastic from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th.
Scholastic 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.
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