Scholastic (NASDAQ:SCHL) Issues Quarterly Earnings Results, Beats Expectations By $0.35 EPS

Scholastic (NASDAQ:SCHL) issued its earnings results on Thursday. The company reported ($2.13) earnings per share for the quarter, topping analysts’ consensus estimates of ($2.48) by $0.35, Zacks reports. The business had revenue of $237.20 million during the quarter, compared to the consensus estimate of $233.49 million. Scholastic had a return on equity of 3.34% and a net margin of 0.76%. During the same period in the previous year, the company posted ($2.20) earnings per share. Scholastic updated its FY 2025 guidance to EPS.

Scholastic Stock Performance

SCHL stock opened at $32.04 on Friday. The stock’s 50 day simple moving average is $30.89 and its 200 day simple moving average is $34.23. The company has a market cap of $904.81 million, a P/E ratio of 22.10 and a beta of 1.03. Scholastic has a fifty-two week low of $28.47 and a fifty-two week high of $41.79.

Scholastic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, December 16th. Stockholders of record on Thursday, October 31st will be paid a $0.20 dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a $0.80 annualized dividend and a dividend yield of 2.50%. Scholastic’s dividend payout ratio is presently 55.17%.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Scholastic from a “hold” rating to a “buy” rating in a research note on Friday.

Insider Buying and Selling at Scholastic

In other news, EVP Iole Lucchese bought 1,654 shares of the stock in a transaction dated Tuesday, July 23rd. The shares were bought at an average cost of $30.49 per share, with a total value of $50,430.46. Following the completion of the transaction, the executive vice president now directly owns 74,264 shares of the company’s stock, valued at $2,264,309.36. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Scholastic news, EVP Iole Lucchese acquired 1,654 shares of Scholastic stock in a transaction dated Tuesday, July 23rd. The stock was purchased at an average cost of $30.49 per share, for a total transaction of $50,430.46. Following the completion of the acquisition, the executive vice president now directly owns 74,264 shares of the company’s stock, valued at $2,264,309.36. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Warwick Peter bought 1,674 shares of the stock in a transaction that occurred on Tuesday, July 23rd. The stock was acquired at an average price of $30.46 per share, for a total transaction of $50,990.04. Following the acquisition, the chief executive officer now directly owns 104,349 shares in the company, valued at $3,178,470.54. The disclosure for this purchase can be found here. Insiders own 18.62% of the company’s stock.

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.