Scholastic (NASDAQ:SCHL) was downgraded by research analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report issued on Tuesday, BidAskClub reports.

Several other equities research analysts also recently commented on SCHL. Zacks Investment Research raised Scholastic from a “sell” rating to a “hold” rating in a report on Thursday, November 21st. ValuEngine raised Scholastic from a “hold” rating to a “buy” rating in a research note on Saturday, December 21st.

NASDAQ:SCHL traded up $0.43 during trading hours on Tuesday, reaching $36.86. 1,550 shares of the company’s stock were exchanged, compared to its average volume of 201,753. The company has a quick ratio of 1.02, a current ratio of 1.57 and a debt-to-equity ratio of 0.05. The company has a market capitalization of $1.27 billion, a P/E ratio of 34.16 and a beta of 0.80. Scholastic has a 12 month low of $31.38 and a 12 month high of $45.80. The business’s 50-day simple moving average is $38.10 and its two-hundred day simple moving average is $36.43.

Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, December 19th. The company reported $2.06 EPS for the quarter, beating analysts’ consensus estimates of $1.77 by $0.29. The company had revenue of $597.20 million during the quarter, compared to the consensus estimate of $591.00 million. Scholastic had a return on equity of 3.73% and a net margin of 1.07%. The company’s quarterly revenue was down 1.2% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 EPS. As a group, sell-side analysts anticipate that Scholastic will post 1.2 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Alpha Windward LLC increased its stake in shares of Scholastic by 4.3% in the fourth quarter. Alpha Windward LLC now owns 13,140 shares of the company’s stock worth $505,000 after acquiring an additional 540 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of Scholastic by 87.4% in the third quarter. Millennium Management LLC now owns 7,708 shares of the company’s stock valued at $291,000 after acquiring an additional 3,595 shares in the last quarter. Squarepoint Ops LLC boosted its holdings in shares of Scholastic by 5.1% in the third quarter. Squarepoint Ops LLC now owns 44,052 shares of the company’s stock valued at $1,663,000 after acquiring an additional 2,121 shares in the last quarter. Barclays PLC boosted its holdings in shares of Scholastic by 9.6% in the third quarter. Barclays PLC now owns 40,276 shares of the company’s stock valued at $1,519,000 after acquiring an additional 3,542 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of Scholastic by 76.1% in the third quarter. Public Employees Retirement System of Ohio now owns 21,446 shares of the company’s stock valued at $810,000 after acquiring an additional 9,266 shares in the last quarter. Institutional investors and hedge funds own 78.61% of the company’s stock.

About Scholastic

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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