Educational Development (NASDAQ:EDUC) Announces Earnings Results

Educational Development (NASDAQ:EDUC) released its earnings results on Wednesday. The company reported ($0.19) earnings per share for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.60), Zacks reports. Educational Development had a negative return on equity of 18.23% and a net margin of 9.75%. The firm had revenue of $4.07 million for the quarter, compared to analyst estimates of $53.10 million.

Educational Development Price Performance

Shares of EDUC remained flat at $1.30 during mid-day trading on Wednesday. The stock had a trading volume of 13,495 shares, compared to its average volume of 81,515. The business has a 50 day moving average of $1.34 and a 200-day moving average of $1.40. The firm has a market capitalization of $11.12 million, a price-to-earnings ratio of 5.67 and a beta of 1.09. Educational Development has a 12 month low of $1.20 and a 12 month high of $1.73.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings raised Educational Development from a “sell (d)” rating to a “hold (c-)” rating in a research report on Friday, September 25th. One research analyst has rated the stock with a Hold rating. Based on data from MarketBeat.com, the stock has an average rating of “Hold”.

About Educational Development

Educational Development Corporation (NASDAQ: EDUC) is a U.S.-based publisher and distributor of children’s books and educational products. Headquartered in Tulsa, Oklahoma, the company serves families, educators and other customers through a combination of publishing, wholesale distribution and direct selling.

EDC’s business includes the Usborne Books & More direct-selling operation, which distributes children’s books through a network of independent consultants. Its product range includes picture books, early-learning titles, activity books, fiction and nonfiction for children, along with selected educational products, games and related items.

The company also operates Kane Miller, an imprint focused on publishing and distributing children’s books, including titles translated or licensed from international publishers.