Scholastic Corp (NASDAQ:SCHL) has earned a consensus broker rating score of 2.00 (Buy) from the two brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a hold rating and one has assigned a strong buy rating to the company.
Brokerages have set a 1-year consensus target price of $41.00 for the company and are predicting that the company will post ($0.35) earnings per share for the current quarter, according to Zacks. Zacks has also assigned Scholastic an industry rank of 32 out of 265 based on the ratings given to related companies.
A number of brokerages have recently weighed in on SCHL. BidaskClub upgraded shares of Scholastic from a “strong sell” rating to a “sell” rating in a report on Monday, February 5th. TheStreet upgraded shares of Scholastic from a “c” rating to a “b-” rating in a report on Thursday, December 14th. Stifel Nicolaus lifted their price target on shares of Scholastic from $38.00 to $41.00 and gave the stock a “hold” rating in a research note on Wednesday, December 13th. Finally, Zacks Investment Research lowered shares of Scholastic from a “hold” rating to a “sell” rating in a research note on Friday, December 15th.
In related news, EVP Judith Newman sold 2,500 shares of Scholastic stock in a transaction on Tuesday, January 16th. The shares were sold at an average price of $39.36, for a total transaction of $98,400.00. Following the sale, the executive vice president now directly owns 17,269 shares in the company, valued at approximately $679,707.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Richard Robinson sold 3,500 shares of Scholastic stock in a transaction on Monday, December 18th. The stock was sold at an average price of $40.33, for a total transaction of $141,155.00. The disclosure for this sale can be found here. 22.30% of the stock is owned by company insiders.
A number of large investors have recently made changes to their positions in SCHL. Public Employees Retirement System of Ohio raised its stake in Scholastic by 5.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 3,818 shares of the company’s stock worth $166,000 after acquiring an additional 193 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new stake in Scholastic during the 3rd quarter worth $314,000. Bessemer Group Inc. raised its stake in Scholastic by 33.4% during the 3rd quarter. Bessemer Group Inc. now owns 5,995 shares of the company’s stock worth $223,000 after acquiring an additional 1,500 shares in the last quarter. BNP Paribas Arbitrage SA grew its position in Scholastic by 41.2% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 18,122 shares of the company’s stock worth $674,000 after purchasing an additional 5,284 shares during the last quarter. Finally, Sei Investments Co. grew its position in Scholastic by 32.0% during the 3rd quarter. Sei Investments Co. now owns 8,661 shares of the company’s stock worth $322,000 after purchasing an additional 2,102 shares during the last quarter. Hedge funds and other institutional investors own 83.47% of the company’s stock.
Shares of Scholastic (NASDAQ SCHL) opened at $37.58 on Friday. Scholastic has a fifty-two week low of $33.51 and a fifty-two week high of $46.59. The firm has a market cap of $1,309.65, a price-to-earnings ratio of 83.51 and a beta of 0.75.
Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Thursday, December 14th. The company reported $1.92 earnings per share for the quarter, beating 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 for the quarter, compared to analyst estimates of $601.40 million. During the same period last year, the business earned $1.92 EPS. The company’s revenue was down 4.0% on a year-over-year basis. research analysts forecast that Scholastic will post 1.27 EPS for the current year.
Scholastic Company Profile
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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