Scholastic (NASDAQ:SCHL) Announces Quarterly Earnings Results

Scholastic (NASDAQ:SCHL) released its quarterly earnings results on Thursday. The company reported $1.82 EPS for the quarter, missing analysts’ consensus estimates of $2.30 by ($0.48), Zacks reports. Scholastic had a net margin of 1.49% and a return on equity of 4.32%.

Scholastic Trading Up 0.8 %

SCHL traded up $0.19 during trading on Thursday, reaching $24.84. 314,501 shares of the stock traded hands, compared to its average volume of 210,305. The company has a quick ratio of 0.64, a current ratio of 1.14 and a debt-to-equity ratio of 0.24. The stock’s 50-day moving average is $25.80 and its 200 day moving average is $29.98. Scholastic has a 12 month low of $23.69 and a 12 month high of $40.74. The stock has a market capitalization of $698.92 million, a PE ratio of 44.36 and a beta of 1.07.

Scholastic Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, March 14th. Investors of record on Friday, January 31st will be paid a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Friday, January 31st. Scholastic’s dividend payout ratio is presently 142.86%.

Wall Street Analyst Weigh In

Separately, StockNews.com downgraded shares of Scholastic from a “buy” rating to a “hold” rating in a research report on Saturday, October 5th.

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.