Zacks: Scholastic Corp (SCHL) Given $41.00 Average Price Target by Brokerages
Scholastic Corp (NASDAQ:SCHL) has been given a consensus broker rating score of 2.00 (Buy) from the two analysts that provide coverage for the company, Zacks Investment Research reports. One analyst has rated the stock with a hold rating and one has issued a strong buy rating on the company.
Brokerages have set a 12 month consensus price objective 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 given Scholastic an industry rank of 40 out of 265 based on the ratings given to its competitors.
A number of research firms recently issued reports on SCHL. Stifel Nicolaus raised their price objective on shares of Scholastic from $38.00 to $41.00 and gave the stock a “hold” rating in a report on Wednesday, December 13th. BidaskClub lowered shares of Scholastic from a “buy” rating to a “hold” rating in a research report on Tuesday, December 12th. Zacks Investment Research lowered shares of Scholastic from a “hold” rating to a “sell” rating in a research report on Friday, December 15th. Finally, TheStreet upgraded shares of Scholastic from a “c” rating to a “b-” rating in a research report on Thursday, December 14th.
Several hedge funds have recently added to or reduced their stakes in SCHL. Federated Investors Inc. PA bought a new position in shares of Scholastic in the second quarter valued at approximately $111,000. Quantbot Technologies LP bought a new position in shares of Scholastic in the third quarter valued at approximately $141,000. Public Employees Retirement System of Ohio boosted its position in shares of Scholastic by 5.3% in the second quarter. Public Employees Retirement System of Ohio now owns 3,818 shares of the company’s stock valued at $166,000 after acquiring an additional 193 shares during the period. Cubist Systematic Strategies LLC bought a new position in shares of Scholastic in the second quarter valued at approximately $211,000. Finally, Bessemer Group Inc. boosted its position in shares of Scholastic by 33.4% in the third quarter. Bessemer Group Inc. now owns 5,995 shares of the company’s stock valued at $223,000 after acquiring an additional 1,500 shares during the period. Institutional investors own 79.63% of the company’s stock.
Scholastic (NASDAQ SCHL) traded down $0.19 during midday trading on Friday, reaching $39.92. 175,633 shares of the company were exchanged, compared to its average volume of 151,500. Scholastic has a 1-year low of $33.51 and a 1-year high of $48.20. The stock has a market capitalization of $1,399.68, a P/E ratio of 88.71 and a beta of 0.78.
Scholastic (NASDAQ:SCHL) last posted its quarterly earnings data on Thursday, December 14th. The company reported $1.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 quarter last year, the company posted $1.92 earnings per share. The firm’s quarterly revenue was down 4.0% compared to the same quarter last year. analysts forecast that Scholastic will post 1.27 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, March 15th. Shareholders of record on Wednesday, January 31st will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Tuesday, January 30th. This represents a $0.60 dividend on an annualized basis and a yield of 1.50%. Scholastic’s dividend payout ratio is presently 133.33%.
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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