Press coverage about Scholastic (NASDAQ:SCHL) has trended somewhat positive recently, Accern reports. The research group identifies positive and negative news coverage by monitoring more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Scholastic earned a coverage optimism score of 0.01 on Accern’s scale. Accern also assigned news articles about the company an impact score of 47.855607991777 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment Analysis’s rankings:
- Safety concerns spur relocation of scholastic regatta (abcnews.go.com)
- Scholastic Co. (SCHL) Given $40.00 Average Target Price by Analysts (americanbankingnews.com)
- Scholastic to publish original Riverdale fiction and companion books (msn.com)
- Scholastic (SCHL) Stock Rating Lowered by BidaskClub (americanbankingnews.com)
Shares of SCHL stock opened at $43.75 on Friday. Scholastic has a 12 month low of $33.51 and a 12 month high of $46.59. The company has a market capitalization of $1.52 billion, a price-to-earnings ratio of 23.91 and a beta of 0.75.
Scholastic (NASDAQ:SCHL) last announced its quarterly earnings data on Wednesday, March 21st. The company reported ($0.30) EPS for the quarter, topping the Zacks’ consensus estimate of ($0.35) by $0.05. Scholastic had a positive return on equity of 3.58% and a negative net margin of 1.00%. The company had revenue of $344.70 million during the quarter, compared to the consensus estimate of $350.10 million. During the same quarter last year, the company earned ($0.36) EPS. The company’s quarterly revenue was up 2.5% on a year-over-year basis. sell-side analysts expect that Scholastic will post 1.45 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 15th. Investors of record on Monday, April 30th will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, April 27th. This represents a $0.60 annualized dividend and a dividend yield of 1.37%. Scholastic’s dividend payout ratio (DPR) is presently 32.79%.
Scholastic declared that its board has approved a stock buyback program on Wednesday, March 21st that authorizes the company to buyback $50.00 million in shares. This buyback authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s board of directors believes its shares are undervalued.
A number of analysts have commented on SCHL shares. BidaskClub downgraded Scholastic from a “sell” rating to a “strong sell” rating in a research report on Saturday, January 20th. TheStreet downgraded Scholastic from a “b-” rating to a “c” rating in a research report on Monday, January 22nd. Gabelli reiterated a “buy” rating on shares of Scholastic in a research report on Friday, March 23rd. Finally, Zacks Investment Research upgraded Scholastic from a “hold” rating to a “buy” rating and set a $41.00 price objective for the company in a research report on Tuesday, March 27th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $41.00.
In related news, EVP Andrews S. Hedden sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 29th. The stock was sold at an average price of $39.08, for a total transaction of $78,160.00. Following the completion of the transaction, the executive vice president now owns 32,618 shares in the company, valued at approximately $1,274,711.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Richard Robinson sold 1,500 shares of the firm’s stock in a transaction that occurred on Friday, April 20th. The stock was sold at an average price of $41.70, for a total value of $62,550.00. The disclosure for this sale can be found here. Insiders have sold a total of 241,740 shares of company stock valued at $9,491,361 in the last 90 days. 22.30% of the stock is owned by corporate insiders.
Scholastic Company Profile
Scholastic Corporation, together with its subsidiaries, publishes and distributes children's books worldwide. It operates through three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment engages in the publication and distribution of children's books, e-books, media, and interactive products through its school book clubs and book fairs, and trade channel.
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