Educational Development (EDUC) Releases Earnings Results

Educational Development (NASDAQ:EDUC) announced its quarterly earnings results on Thursday. The company reported $0.34 earnings per share (EPS) for the quarter, Bloomberg Earnings reports. Educational Development had a net margin of 5.05% and a return on equity of 29.39%.

Educational Development stock traded down $0.44 during midday trading on Friday, reaching $9.32. 7,491 shares of the company traded hands, compared to its average volume of 9,428. The company has a market cap of $83.60 million, a price-to-earnings ratio of 13.42 and a beta of 1.31. Educational Development has a 12 month low of $7.53 and a 12 month high of $14.35. The company has a quick ratio of 0.22, a current ratio of 1.62 and a debt-to-equity ratio of 0.83.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 13th. Stockholders of record on Tuesday, November 27th were paid a $0.05 dividend. The ex-dividend date of this dividend was Monday, November 26th. This represents a $0.20 annualized dividend and a dividend yield of 2.15%.

In other Educational Development news, CEO Randall W. White sold 7,656 shares of the stock in a transaction that occurred on Friday, December 14th. The shares were sold at an average price of $10.43, for a total value of $79,852.08. Following the transaction, the chief executive officer now directly owns 1,332,390 shares in the company, valued at $13,896,827.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In the last 90 days, insiders have purchased 3,935 shares of company stock worth $29,686 and have sold 10,056 shares worth $105,532. 23.60% of the stock is owned by corporate insiders.

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About Educational Development

Educational Development Corporation, a publishing company, operates as a trade co-publisher of the line of educational children's books in the United States. The company offers various books, including Touchy-Feely board books, activity and flashcards, adventure and search books, art books, sticker books, and foreign language books, as well as science and math titles, and chapter books and novels.

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Earnings History for Educational Development (NASDAQ:EDUC)

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