Somewhat Favorable Media Coverage Somewhat Unlikely to Affect Scholastic Corporation (SCHL) Share Price
News headlines about Scholastic Corporation (NASDAQ:SCHL) have trended somewhat positive this week, according to Accern Sentiment. The research group rates the sentiment of news coverage by reviewing more than twenty million news and blog sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scholastic Corporation earned a media sentiment score of 0.01 on Accern’s scale. Accern also assigned media coverage about the company an impact score of 47.399313741233 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near future.
These are some of the headlines that may have impacted Accern’s scoring:
- Toshiba Sells Memory Unit for $18 B, Alphabet to Buy Pixle (ticker.com)
- SCHOLASTIC CORP : Submission of Matters to a Vote of Security Holders (form 8-K) (4-traders.com)
- Some Companies Have Growth Stories — and Some Don’t (fool.com)
- How Harry Potter Killed Scholastic Shares (feedproxy.google.com)
- Scholastic Corporation (Nasdaq: SCHL) to Ring The Nasdaq Stock Market Closing Bell (feeds.benzinga.com)
Several brokerages have recently commented on SCHL. Stifel Nicolaus restated a “hold” rating and issued a $44.00 target price on shares of Scholastic Corporation in a research note on Wednesday, August 16th. BidaskClub upgraded Scholastic Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, July 19th. Finally, Zacks Investment Research downgraded Scholastic Corporation from a “hold” rating to a “sell” rating in a research note on Wednesday.
Shares of Scholastic Corporation (SCHL) traded up 1.23% during mid-day trading on Friday, hitting $36.23. The stock had a trading volume of 316,410 shares. The stock’s 50-day moving average is $39.37 and its 200 day moving average is $42.28. Scholastic Corporation has a 1-year low of $35.20 and a 1-year high of $49.38. The firm has a market capitalization of $1.27 billion, a price-to-earnings ratio of 45.63 and a beta of 0.75.
Scholastic Corporation (NASDAQ:SCHL) last released its quarterly earnings results on Thursday, September 21st. The company reported ($1.67) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of ($1.34) by ($0.33). Scholastic Corporation had a return on equity of 3.54% and a net margin of 1.71%. The company had revenue of $189.20 million during the quarter, compared to the consensus estimate of $208.00 million. During the same period in the previous year, the company earned ($1.15) earnings per share. Scholastic Corporation’s quarterly revenue was down 33.1% on a year-over-year basis. Equities research analysts predict that Scholastic Corporation will post $1.14 EPS for the current fiscal year.
The business also recently declared 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 1.66%. The ex-dividend date is Monday, October 30th. Scholastic Corporation’s payout ratio is currently 77.92%.
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About Scholastic Corporation
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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