Scholastic Corp (SCHL) Issues FY13 Earnings Guidance
On a related note, analysts at Sterne Agee downgraded shares of Scholastic Corp from a buy rating to a neutral rating in a research note to investors on Friday, August 24th.
Shares of Scholastic Corp (SCHL) opened at 32.78 on Thursday. Scholastic Corp (SCHL) has a 52 week low of $24.20 and a 52 week high of $40.18. The company has a market cap of $1.032 billion and a P/E ratio of 10.40.
Scholastic Corp last announced its earnings results on Thursday, September 20th. The company reported ($1.02) earnings per share for the quarter, beating the analysts’ consensus estimate of ($1.05) by $0.03. The company had revenue of $293.60 million for the quarter, compared to the consensus estimate of $313.90 million. The company’s quarterly revenue was down 7.7% on a year-over-year basis.
Scholastic Corporation, together with its subsidiaries is a global children’s publishing, education and media company.
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