Scholastic (NASDAQ:SCHL) Posts Quarterly Earnings Results, Beats Estimates By $0.35 EPS

Scholastic (NASDAQ:SCHL) issued its quarterly earnings results on Thursday. The company reported ($2.13) earnings per share for the quarter, beating 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 business earned ($2.20) EPS. Scholastic updated its FY 2025 guidance to EPS.

Scholastic Stock Up 6.2 %

Shares of NASDAQ SCHL opened at $32.04 on Friday. The stock has a market capitalization of $904.81 million, a P/E ratio of 22.10 and a beta of 1.03. The firm’s 50-day moving average price is $30.89 and its two-hundred day moving average price is $34.23. Scholastic has a 52-week low of $28.47 and a 52-week high of $41.79.

Scholastic Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, October 31st will be paid a dividend of $0.20 per share. The ex-dividend date is Thursday, October 31st. This represents a $0.80 annualized dividend and a yield of 2.50%. Scholastic’s dividend payout ratio (DPR) is 55.17%.

Insider Transactions at Scholastic

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

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Scholastic from a “hold” rating to a “buy” rating in a report on Friday.

About Scholastic

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.