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

Scholastic (NASDAQ:SCHL) posted its earnings results on Thursday. The company reported ($2.13) EPS for the quarter, beating the consensus estimate of ($2.48) by $0.35, Zacks reports. The company had revenue of $237.20 million for 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 quarter in the prior year, the business earned ($2.20) earnings per share. Scholastic updated its FY 2025 guidance to EPS.

Scholastic Price Performance

NASDAQ:SCHL traded up $1.86 during trading hours on Friday, reaching $32.04. 450,776 shares of the company were exchanged, compared to its average volume of 205,687. The business has a 50 day moving average of $30.89 and a 200 day moving average of $34.23. Scholastic has a 1-year low of $28.47 and a 1-year high of $41.79. The company has a market capitalization of $904.81 million, a P/E ratio of 22.10 and a beta of 1.03.

Scholastic Dividend Announcement

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

Insider Activity

In other news, CEO Warwick Peter purchased 1,674 shares of the business’s stock in a transaction dated Tuesday, July 23rd. The stock was bought at an average price of $30.46 per share, with a total value of $50,990.04. Following 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, EVP Iole Lucchese purchased 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 purchase, the executive vice president now owns 74,264 shares of the company’s stock, valued at $2,264,309.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Warwick Peter acquired 1,674 shares of Scholastic stock in a transaction that occurred on Tuesday, July 23rd. The shares were purchased at an average price of $30.46 per share, for a total transaction of $50,990.04. Following the transaction, 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. Corporate insiders own 18.62% of the company’s stock.

Analysts Set New Price Targets

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

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.