Scholastic (SCHL) Getting Somewhat Favorable News Coverage, Study Finds
Headlines about Scholastic (NASDAQ:SCHL) have been trending somewhat positive recently, Accern reports. Accern ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. Scholastic earned a news sentiment score of 0.11 on Accern’s scale. Accern also gave press coverage about the company an impact score of 43.8185159508033 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have effected Accern’s rankings:
- Scholastic (SCHL) Rating Increased to Buy at BidaskClub (americanbankingnews.com)
- Insider Selling: Scholastic Corporation (SCHL) Insider Sells 7,327 Shares of Stock (americanbankingnews.com)
- Scholastic Corporation Announces Date for Second Quarter Fiscal 2018 Earnings Release and Teleconference (finance.yahoo.com)
- Insider Selling: Scholastic Corporation (SCHL) Insider Sells 2,673 Shares of Stock (americanbankingnews.com)
- Scholastic (SCHL) Scheduled to Post Quarterly Earnings on Wednesday (americanbankingnews.com)
A number of equities research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Scholastic from a “hold” rating to a “sell” rating in a report on Wednesday, September 20th. Stifel Nicolaus reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Scholastic in a research note on Wednesday, August 16th. Finally, BidaskClub raised shares of Scholastic from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th.
Shares of Scholastic (NASDAQ SCHL) opened at $41.71 on Tuesday. Scholastic has a 12 month low of $33.51 and a 12 month high of $49.38. The company has a market cap of $1,470.24, a price-to-earnings ratio of 33.06 and a beta of 0.78.
Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, September 21st. The company reported ($1.67) EPS for the quarter, missing the Zacks’ consensus estimate of ($1.34) by ($0.33). Scholastic had a net margin of 1.71% and a return on equity of 3.57%. The firm had revenue of $189.20 million during the quarter, compared to the consensus estimate of $208.00 million. During the same period in the prior year, the company posted ($1.15) earnings per share. The company’s revenue for the quarter was down 33.1% compared to the same quarter last year. equities analysts predict that Scholastic will post 1.19 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. Stockholders 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 dividend yield of 1.44%. The ex-dividend date of this dividend is Monday, October 30th. Scholastic’s dividend payout ratio is currently 77.92%.
In related news, insider Alan J. Boyko sold 7,327 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $42.00, for a total transaction of $307,734.00. Following the transaction, the insider now owns 43,557 shares in the company, valued at approximately $1,829,394. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alan J. Boyko sold 13,100 shares of the business’s stock in a transaction on Wednesday, November 29th. The shares were sold at an average price of $40.79, for a total transaction of $534,349.00. Following the transaction, the insider now owns 44,146 shares in the company, valued at approximately $1,800,715.34. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 23,100 shares of company stock worth $954,483. Insiders own 22.30% of the company’s stock.
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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