Media coverage about Scholastic (NASDAQ:SCHL) has trended somewhat positive recently, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Scholastic earned a coverage optimism score of 0.15 on Accern’s scale. Accern also gave news stories about the company an impact score of 45.9120520752512 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.
These are some of the media headlines that may have effected Accern’s analysis:
- Scholastic (SCHL) Lifted to Hold at BidaskClub (americanbankingnews.com)
- Betty Skinner Insurance Agency Launches Charity Drive to Provide Foster Care Children with Scholastic Supplies (prweb.com)
- New Research: Key Drivers of Growth for Packaging Corporation of America, Hawaiian Electric Industries, ePlus inc, COUPA SOFTWARE, MYR Group, and Scholastic — Factors of Influence, Major Initiatives and Sustained Production (finance.yahoo.com)
- Zacks: Analysts Set $41.00 Price Target for Scholastic Corp (SCHL) (americanbankingnews.com)
- Klutz® Launches KLUTZ Maker Lab Line at Toy Fair (finance.yahoo.com)
A number of equities research analysts recently weighed in on SCHL shares. TheStreet upgraded shares of Scholastic from a “c” rating to a “b-” rating in a report on Thursday, December 14th. BidaskClub raised shares of Scholastic from a “hold” rating to a “buy” rating in a research report on Wednesday, December 6th. Stifel Nicolaus upped their price objective on shares of Scholastic from $38.00 to $41.00 and gave the stock a “hold” rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research downgraded shares of Scholastic from a “hold” rating to a “sell” rating in a research report on Friday, December 15th.
Shares of Scholastic (NASDAQ:SCHL) traded up $0.32 during mid-day trading on Friday, reaching $37.01. 162,921 shares of the company’s stock were exchanged, compared to its average volume of 118,525. Scholastic has a twelve month low of $33.51 and a twelve month high of $46.95. The company has a market cap of $1,291.50, a P/E ratio of 82.24 and a beta of 0.73.
Scholastic (NASDAQ:SCHL) last issued its quarterly earnings data on Thursday, December 14th. The company reported $1.92 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.75 by $0.17. Scholastic had a net margin of 1.07% and a return on equity of 3.41%. The business had revenue of $598.30 million during the quarter, compared to the consensus estimate of $601.40 million. During the same period in the prior year, the firm posted $1.92 EPS. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. equities research analysts expect that Scholastic will post 1.27 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Stockholders of record on Wednesday, January 31st will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Tuesday, January 30th. Scholastic’s dividend payout ratio is currently 133.33%.
In other news, insider Alan J. Boyko sold 2,673 shares of the stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $42.05, for a total transaction of $112,399.65. Following the completion of the transaction, the insider now directly owns 39,548 shares of the company’s stock, valued at approximately $1,662,993.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Alan J. Boyko sold 13,100 shares of the stock in a transaction that occurred on Wednesday, November 29th. The shares were sold at an average price of $40.79, for a total transaction of $534,349.00. Following the transaction, the insider now directly owns 44,146 shares of the company’s stock, valued at $1,800,715.34. The disclosure for this sale can be found here. Insiders have sold a total of 29,100 shares of company stock valued at $1,194,038 over the last three months. Insiders own 22.30% of the company’s stock.
Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.
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