Scholastic (NASDAQ:SCHL) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

Key Points

• Scholastic reported a quarterly EPS of $0.87, exceeding the consensus estimate of $0.85, and had revenue of $508.30 million compared to an expected $494.59 million.
• The company announced a quarterly dividend of $0.20 per share, with a yield of 3.00%, set to be paid on September 15th to shareholders of record on August 29th.
• Scholastic's stock price rose by 23.9% following the earnings report, with the current market cap at $750.27 million.

Scholastic (NASDAQ:SCHL - Get Free Report) posted its earnings results on Thursday. The company reported $0.87 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.02, Zacks reports. The business had revenue of $508.30 million for the quarter, compared to analyst estimates of $494.59 million. Scholastic had a negative net margin of 0.12% and a positive return on equity of 1.39%. Scholastic updated its FY 2026 guidance to EPS.

Scholastic Stock Performance

Shares of SCHL stock traded down $0.82 on Wednesday, hitting $24.61. The company's stock had a trading volume of 244,932 shares, compared to its average volume of 346,624. The company has a market capitalization of $691.57 million, a PE ratio of -618.63 and a beta of 1.08. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.79 and a current ratio of 1.16. Scholastic has a fifty-two week low of $15.77 and a fifty-two week high of $34.18. The stock's 50 day moving average is $20.26 and its 200-day moving average is $19.45.

Scholastic Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 15th. Shareholders of record on Friday, August 29th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Friday, August 29th. This represents a $0.80 annualized dividend and a dividend yield of 3.25%. Scholastic's dividend payout ratio is currently -2,000.00%.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen lowered shares of Scholastic from a "buy" rating to a "hold" rating in a research note on Saturday.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in SCHL. AQR Capital Management LLC grew its position in Scholastic by 160.5% in the 1st quarter. AQR Capital Management LLC now owns 157,436 shares of the company's stock valued at $2,972,000 after purchasing an additional 96,998 shares during the period. Jane Street Group LLC increased its holdings in Scholastic by 457.8% in the 1st quarter. Jane Street Group LLC now owns 81,390 shares of the company's stock worth $1,537,000 after buying an additional 66,798 shares in the last quarter. Empowered Funds LLC lifted its holdings in Scholastic by 4.2% in the 1st quarter. Empowered Funds LLC now owns 164,178 shares of the company's stock worth $3,100,000 after purchasing an additional 6,628 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Scholastic by 4.8% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 13,851 shares of the company's stock worth $262,000 after acquiring an additional 630 shares in the last quarter. Institutional investors own 82.57% of the company's stock.

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.