Scholastic Corporation (NASDAQ:SCHL – Get Free Report) Director Andres Alonso sold 2,112 shares of Scholastic stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $40.28, for a total transaction of $85,071.36. Following the completion of the transaction, the director directly owned 21,189 shares in the company, valued at approximately $853,492.92. The trade was a 9.06% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
Scholastic Price Performance
SCHL stock opened at $38.96 on Friday. The firm’s 50-day moving average price is $43.34 and its two-hundred day moving average price is $40.15. Scholastic Corporation has a 12-month low of $22.68 and a 12-month high of $48.07. The stock has a market capitalization of $734.79 million, a price-to-earnings ratio of 16.65, a PEG ratio of 1.87 and a beta of 1.01. The company has a current ratio of 1.23, a quick ratio of 0.78 and a debt-to-equity ratio of 0.10.
Scholastic (NASDAQ:SCHL – Get Free Report) last posted its earnings results on Thursday, July 23rd. The company reported $2.19 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.03. The company had revenue of $476.10 million during the quarter, compared to analyst estimates of $517.06 million. Scholastic had a net margin of 3.58% and a return on equity of 5.29%. During the same period in the prior year, the business posted $0.59 earnings per share. As a group, equities analysts predict that Scholastic Corporation will post 1.6 earnings per share for the current year.
Institutional Inflows and Outflows
Analysts Set New Price Targets
SCHL has been the subject of several research analyst reports. B. Riley Financial raised their target price on shares of Scholastic from $40.00 to $42.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 8th. Weiss Ratings cut Scholastic from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, July 28th. Finally, Zacks Research downgraded Scholastic from a “hold” rating to a “strong sell” rating in a report on Monday, July 27th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Scholastic has a consensus rating of “Reduce” and a consensus price target of $42.00.
Get Our Latest Analysis on Scholastic
About Scholastic
Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.
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