Scholastic (SCHL) Announces Earnings Results
Scholastic (NASDAQ:SCHL) issued its earnings results on Thursday. The company reported ($0.32) EPS for the quarter, missing analysts’ consensus estimates of ($0.27) by ($0.05), RTT News reports. Scholastic had a return on equity of 4.36% and a net margin of 0.72%. The firm had revenue of $360.10 million for the quarter, compared to analysts’ expectations of $371.10 million. During the same period last year, the firm earned $1.60 earnings per share. Scholastic’s revenue for the quarter was up 4.5% on a year-over-year basis. Scholastic updated its FY 2019 guidance to $1.60-1.70 EPS.
SCHL stock traded up $0.84 during trading on Thursday, reaching $40.44. 207,171 shares of the stock were exchanged, compared to its average volume of 107,350. Scholastic has a 1 year low of $33.85 and a 1 year high of $47.94. The company has a market capitalization of $1.39 billion, a PE ratio of 28.28 and a beta of 0.76.
The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Tuesday, April 30th will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 1.48%. The ex-dividend date of this dividend is Monday, April 29th. Scholastic’s dividend payout ratio (DPR) is presently 41.96%.
In other news, EVP Judith Newman sold 3,587 shares of the business’s stock in a transaction that occurred on Friday, January 18th. The shares were sold at an average price of $41.65, for a total value of $149,398.55. Following the sale, the executive vice president now directly owns 12,748 shares of the company’s stock, valued at approximately $530,954.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Andrews S. Hedden sold 2,000 shares of the business’s stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $40.96, for a total transaction of $81,920.00. Following the completion of the sale, the executive vice president now directly owns 42,592 shares in the company, valued at $1,744,568.32. The disclosure for this sale can be found here. 21.79% of the stock is owned by insiders.
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Scholastic Company Profile
Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.
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