Zacks: Scholastic Corp (SCHL) Given Consensus Recommendation of “Buy” by Brokerages
Shares of Scholastic Corp (NASDAQ:SCHL) have been assigned a consensus broker rating score of 2.00 (Buy) from the two brokers that provide coverage for the stock, Zacks Investment Research reports. One analyst has rated the stock with a hold recommendation and one has issued a strong buy recommendation on the company.
Brokers have set a one year consensus price target of $41.00 for the company and are forecasting that the company will post ($0.35) EPS for the current quarter, according to Zacks. Zacks has also assigned Scholastic an industry rank of 52 out of 265 based on the ratings given to its competitors.
SCHL has been the subject of a number of analyst reports. TheStreet raised Scholastic from a “c” rating to a “b-” rating in a research note on Thursday, December 14th. BidaskClub raised Scholastic from a “hold” rating to a “buy” rating in a research note on Wednesday, December 6th. Zacks Investment Research raised Scholastic from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 26th. Finally, Stifel Nicolaus reissued a “hold” rating on shares of Scholastic in a research note on Thursday, September 21st.
Shares of Scholastic (NASDAQ:SCHL) opened at $39.12 on Monday. Scholastic has a 52 week low of $33.51 and a 52 week high of $46.98. The company has a market capitalization of $1,365.13, a price-to-earnings ratio of 86.93 and a beta of 0.78.
Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, December 14th. The company reported $1.92 EPS for the quarter, topping analysts’ consensus estimates of $1.75 by $0.17. Scholastic had a return on equity of 3.41% and a net margin of 1.07%. The business had revenue of $598.30 million during the quarter, compared to analysts’ expectations of $601.40 million. During the same period in the previous year, the firm earned $1.92 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. equities research analysts predict that Scholastic will post 1.27 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, January 31st will be paid a $0.15 dividend. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.53%. Scholastic’s payout ratio is 133.33%.
In other Scholastic news, insider Alan J. Boyko sold 2,673 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $42.05, for a total value of $112,399.65. Following the completion of the transaction, the insider now directly owns 39,548 shares of the company’s stock, valued at $1,662,993.40. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Richard Robinson sold 3,500 shares of the business’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $40.33, for a total value of $141,155.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 26,600 shares of company stock valued at $1,095,638. Insiders own 22.30% of the company’s stock.
Several institutional investors have recently modified their holdings of SCHL. Federated Investors Inc. PA bought a new stake in shares of Scholastic in the second quarter valued at about $111,000. Quantbot Technologies LP bought a new stake in shares of Scholastic in the third quarter valued at about $141,000. Public Employees Retirement System of Ohio lifted its holdings in shares of Scholastic by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 3,818 shares of the company’s stock valued at $166,000 after purchasing an additional 193 shares in the last quarter. Cubist Systematic Strategies LLC bought a new stake in shares of Scholastic in the second quarter valued at about $211,000. Finally, Bessemer Group Inc. lifted its holdings in shares of Scholastic by 33.4% in the third quarter. Bessemer Group Inc. now owns 5,995 shares of the company’s stock valued at $223,000 after purchasing an additional 1,500 shares in the last quarter. Institutional investors own 79.63% of the company’s stock.
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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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