Economy

Scholastic Corporation (NASDAQ:SCHL) Sees Unusual Volume Mid-Session

Scholastic Corporation (NASDAQ:SCHL) Sees Unusual Volume Mid-Session”

Analysts await Scholastic Corporation (NASDAQ:SCHL) to report earnings on Sep, 21 for the fiscal quarter ending Aug 2017.

The Company's first-quarter loss per share compares to a loss per share from continuing operations of $1.15 in the prior-year period.

Revenue breakout: Children's Book Publishing and Distribution, $66.8M (down 52%); Education, $45M (down 18%); global, $77.4M (down 14%). Scholastic Corporation had a return on equity of 5.10% and a net margin of 3.00%. For the last period, the company reported quarter over quarter EPS growth of 10.90% and quarter over quarter sales growth of -2.80%.

Heading into the earnings release, covering analysts have a consensus target price of $44.00 on Scholastic Corporation shares. Scholastic Corporation updated its FY18 guidance to $1.20-1.30 EPS.

The New York-based global children's publishing, education and media company, also reported revenue in the first quarter was $189.2 million, compared to $282.7 million a year ago, a decrease of $93.5 million, or 33%. Scholastic Corporation has a one year low of $35.20 and a one year high of $49.38. Looking back over the last month, shares have performed -0.26%. After a recent look, shares have been seen -11.30% from the 200-day moving average, and -4.13% from the 50-day moving average. Investors of record on Thursday, August 31st were issued a dividend of $0.15 per share.

On 12/19/2012 Scholastic Corporation announced a quarterly dividend of $0.13.

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Several research analysts have commented on SCHL shares.

Shares of Scholastic Corporation (NASDAQ SCHL) traded up 0.418% during trading on Wednesday, reaching $38.701. Zacks Investment Research lowered Scholastic Corporation from a "hold" rating to a "sell" rating in a research note on Thursday, May 25th. 65,120 stocks of the firms shares transacted hands.

A number of hedge funds have recently added to or reduced their stakes in SCHL. Scholastic Corporation's payout ratio is presently 41.96%. Bank of Montreal Can now owns 6,571 shares of the company's stock worth $279,000 after purchasing an additional 201 shares during the period. The corporation has a valuation of $1.36 B, a PE book ratio of 26.256 along with a stock beta of 0.75. Great West Life Assurance Co.



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