Scholastic Co. (NASDAQ:SCHL - Get Free Report) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $17.46 and last traded at $18.03, with a volume of 333224 shares trading hands. The stock had previously closed at $18.09.
Scholastic Price Performance
The stock has a market capitalization of $529.56 million, a P/E ratio of -104.69 and a beta of 1.06. The business's 50 day moving average price is $18.56 and its 200 day moving average price is $21.29. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81.
Scholastic (NASDAQ:SCHL - Get Free Report) last announced its earnings results on Thursday, March 20th. The company reported ($0.05) earnings per share for the quarter, beating analysts' consensus estimates of ($0.78) by $0.73. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%. The business had revenue of $335.40 million during the quarter, compared to analyst estimates of $347.68 million. Sell-side analysts forecast that Scholastic Co. will post 0.84 EPS for the current year.
Scholastic Announces Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be given a $0.20 dividend. The ex-dividend date is Wednesday, April 30th. This represents a $0.80 annualized dividend and a yield of 4.25%. Scholastic's payout ratio is 133.33%.
Hedge Funds Weigh In On Scholastic
Several institutional investors have recently made changes to their positions in SCHL. Lazard Asset Management LLC bought a new position in Scholastic in the fourth quarter worth approximately $33,000. GAMMA Investing LLC raised its holdings in Scholastic by 182.4% in the 1st quarter. GAMMA Investing LLC now owns 1,776 shares of the company's stock worth $34,000 after purchasing an additional 1,147 shares during the period. KBC Group NV lifted its position in Scholastic by 125.4% during the fourth quarter. KBC Group NV now owns 2,443 shares of the company's stock valued at $52,000 after purchasing an additional 1,359 shares in the last quarter. CWM LLC grew its holdings in Scholastic by 508.7% during the first quarter. CWM LLC now owns 4,194 shares of the company's stock valued at $79,000 after purchasing an additional 3,505 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new stake in Scholastic in the fourth quarter worth about $96,000. Institutional investors own 82.57% of the company's stock.
Scholastic Company Profile
(
Get Free Report)
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.
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