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

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

Scholastic Price Performance

SCHL traded up $2.92 during trading on Friday, reaching $33.10. The company had a trading volume of 191,757 shares, compared to its average volume of 204,263. Scholastic has a 12 month low of $28.47 and a 12 month high of $41.79. The business’s fifty day moving average price is $30.83 and its 200 day moving average price is $34.28. The company has a market cap of $946.66 million, a P/E ratio of 22.59 and a beta of 1.03.

Scholastic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, October 31st will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 2.42%. The ex-dividend date of this dividend is Thursday, October 31st. Scholastic’s payout ratio is currently 55.17%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Scholastic from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th.

Insider Transactions at Scholastic

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

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.