Scholastic Corporation (NASDAQ:SCHL) to Issue $0.20 Quarterly Dividend

Scholastic Corporation (NASDAQ:SCHL) declared a quarterly dividend on Wednesday, December 17th. Investors of record on Friday, January 30th will be paid a dividend of 0.20 per share on Monday, March 16th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Friday, January 30th.

Scholastic has increased its dividend payment by an average of 0.1%annually over the last three years.

Scholastic Price Performance

SCHL traded up $0.20 during trading on Thursday, hitting $28.85. The company’s stock had a trading volume of 82,556 shares, compared to its average volume of 320,310. The company has a current ratio of 1.16, a quick ratio of 0.65 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $725.13 million, a price-to-earnings ratio of -43.73 and a beta of 1.18. The business’s fifty day simple moving average is $28.65 and its 200 day simple moving average is $25.46. Scholastic has a twelve month low of $15.77 and a twelve month high of $31.86.

Scholastic (NASDAQ:SCHL) last issued its quarterly earnings results on Thursday, September 18th. The company reported ($2.52) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.44) by ($0.08). The firm had revenue of $225.60 million during the quarter, compared to analyst estimates of $240.41 million. Scholastic had a positive return on equity of 1.10% and a negative net margin of 0.65%.During the same period in the prior year, the firm earned ($2.13) earnings per share. On average, equities research analysts forecast that Scholastic will post 0.84 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on SCHL. Zacks Research cut Scholastic from a “hold” rating to a “strong sell” rating in a report on Monday, December 8th. Weiss Ratings reiterated a “sell (d+)” rating on shares of Scholastic in a report on Tuesday. Wall Street Zen downgraded Scholastic from a “buy” rating to a “hold” rating in a research report on Friday, September 5th. Finally, B. Riley started coverage on shares of Scholastic in a research report on Wednesday, September 3rd. They issued a “buy” rating and a $37.00 target price on the stock. One research analyst has rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and a consensus price target of $37.00.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.