Scholastic (NASDAQ:SCHL) Issues Earnings Results

Key Points

• Scholastic reported a quarterly earnings per share (EPS) of ($2.52), missing the consensus estimate of ($2.42) by ($0.10).
• The company declared a quarterly dividend of $0.20 per share, with the payment date set for December 15th, and an annualized dividend yield of 2.9%.
• Analysts have a consensus rating of "Buy" for Scholastic, with an average price target of $37.00; one firm recently upgraded the stock from "buy" to "hold".

Scholastic (NASDAQ:SCHL - Get Free Report) released its quarterly earnings data on Thursday. The company reported ($2.52) earnings per share for the quarter, missing analysts' consensus estimates of ($2.44) by ($0.08), Zacks reports. Scholastic had a positive return on equity of 1.08% and a negative net margin of 0.65%.The business had revenue of $225.60 million during the quarter, compared to analyst estimates of $240.41 million. During the same quarter in the previous year, the company earned ($2.13) EPS. Scholastic updated its FY 2026 guidance to EPS.

Scholastic Price Performance

Shares of NASDAQ:SCHL traded down $3.31 on Friday, reaching $24.23. 2,114,106 shares of the company were exchanged, compared to its average volume of 363,656. The company has a current ratio of 1.16, a quick ratio of 0.76 and a debt-to-equity ratio of 0.26. Scholastic has a 1-year low of $15.77 and a 1-year high of $34.18. The firm has a market cap of $606.96 million, a price-to-earnings ratio of -36.71 and a beta of 1.24. The company has a 50-day moving average of $24.97 and a 200-day moving average of $20.93.

Scholastic Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, December 15th. Stockholders of record on Friday, October 31st will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Friday, October 31st. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.3%. Scholastic's dividend payout ratio is -121.21%.

Wall Street Analyst Weigh In

Several research firms have issued reports on SCHL. Wall Street Zen downgraded shares of Scholastic from a "buy" rating to a "hold" rating in a report on Friday, September 5th. B. Riley assumed coverage on shares of Scholastic in a report on Wednesday, September 3rd. They issued a "buy" rating and a $37.00 price objective for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $37.00.

Hedge Funds Weigh In On Scholastic

Institutional investors and hedge funds have recently made changes to their positions in the stock. Tower Research Capital LLC TRC grew its stake in shares of Scholastic by 458.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,159 shares of the company's stock worth $66,000 after purchasing an additional 2,593 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Scholastic by 4.8% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company's stock worth $262,000 after buying an additional 630 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Scholastic by 16.8% in the 2nd quarter. Russell Investments Group Ltd. now owns 23,440 shares of the company's stock worth $492,000 after buying an additional 3,365 shares in the last quarter. Vident Advisory LLC purchased a new stake in shares of Scholastic in the 2nd quarter worth about $515,000. Finally, Brevan Howard Capital Management LP boosted its position in shares of Scholastic by 64.1% in the 2nd quarter. Brevan Howard Capital Management LP now owns 25,234 shares of the company's stock worth $529,000 after buying an additional 9,857 shares in the last quarter. 82.57% of the stock is owned by institutional investors and hedge funds.

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.