Scholastic (NASDAQ:SCHL) Upgraded by ValuEngine to Buy

ValuEngine upgraded shares of Scholastic (NASDAQ:SCHL) from a hold rating to a buy rating in a research report sent to investors on Wednesday, ValuEngine reports.

A number of other equities research analysts have also recently weighed in on SCHL. Zacks Investment Research cut Scholastic from a strong-buy rating to a sell rating in a report on Saturday, September 28th. BidaskClub cut Scholastic from a buy rating to a hold rating in a report on Friday, September 20th.

NASDAQ SCHL traded up $0.25 on Wednesday, hitting $36.97. 118,574 shares of the company’s stock were exchanged, compared to its average volume of 152,568. The company has a debt-to-equity ratio of 0.05, a current ratio of 1.50 and a quick ratio of 0.86. The firm’s 50-day moving average price is $36.67 and its two-hundred day moving average price is $36.40. Scholastic has a fifty-two week low of $31.38 and a fifty-two week high of $47.88. The firm has a market cap of $1.28 billion, a price-to-earnings ratio of 34.23 and a beta of 0.83.

Scholastic (NASDAQ:SCHL) last released its earnings results on Thursday, September 19th. The company reported ($1.59) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($1.80) by $0.21. The company had revenue of $232.60 million for the quarter, compared to analysts’ expectations of $217.60 million. Scholastic had a return on equity of 3.93% and a net margin of 1.10%. The firm’s quarterly revenue was up 6.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($1.74) EPS. On average, research analysts predict that Scholastic will post 1.2 earnings per share for the current fiscal year.

The business also recently announced a — dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, October 31st will be issued a dividend of $0.15 per share. This represents a yield of 1.6%. The ex-dividend date is Wednesday, October 30th. Scholastic’s dividend payout ratio (DPR) is presently 55.56%.

Large investors have recently made changes to their positions in the business. Tower Research Capital LLC TRC grew its holdings in Scholastic by 764.8% during the 2nd quarter. Tower Research Capital LLC TRC now owns 1,522 shares of the company’s stock valued at $51,000 after buying an additional 1,346 shares during the last quarter. Pathstone Family Office LLC lifted its stake in shares of Scholastic by 6,457.4% during the 2nd quarter. Pathstone Family Office LLC now owns 4,000 shares of the company’s stock worth $133,000 after purchasing an additional 3,939 shares during the period. Jefferies Group LLC purchased a new position in shares of Scholastic during the 2nd quarter worth $229,000. WINTON GROUP Ltd purchased a new position in shares of Scholastic during the 2nd quarter worth $248,000. Finally, Atria Investments LLC purchased a new position in shares of Scholastic during the 2nd quarter worth $250,000. Hedge funds and other institutional investors own 79.02% 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, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.

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