Scholastic (NASDAQ:SCHL) Releases Quarterly Earnings Results, Beats Expectations By $0.35 EPS

Scholastic (NASDAQ:SCHL) announced its quarterly earnings data on Thursday. The company reported ($2.13) earnings per share for the quarter, beating the consensus estimate of ($2.48) by $0.35, Zacks reports. Scholastic had a net margin of 0.76% and a return on equity of 3.34%. The business had revenue of $237.20 million for the quarter, compared to analyst estimates of $233.49 million. During the same period in the prior year, the business posted ($2.20) earnings per share. Scholastic updated its FY 2025 guidance to EPS.

Scholastic Stock Performance

Shares of NASDAQ SCHL opened at $32.04 on Friday. The stock has a market capitalization of $904.81 million, a PE ratio of 22.10 and a beta of 1.03. Scholastic has a 52 week low of $28.47 and a 52 week high of $41.79. The stock has a 50 day moving average price of $30.89 and a 200 day moving average price of $34.23.

Scholastic Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, December 16th. Shareholders of record on Thursday, October 31st will be paid a $0.20 dividend. The ex-dividend date is Thursday, October 31st. This represents a $0.80 annualized dividend and a yield of 2.50%. Scholastic’s payout ratio is currently 55.17%.

Insider Transactions at Scholastic

In related news, EVP Iole Lucchese acquired 1,654 shares of the business’s stock in a transaction on Tuesday, July 23rd. The stock was purchased at an average cost of $30.49 per share, for a total transaction of $50,430.46. Following the completion of the transaction, the executive vice president now directly owns 74,264 shares of the company’s stock, valued at approximately $2,264,309.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Scholastic news, CEO Warwick Peter bought 1,674 shares of Scholastic stock in a transaction on Tuesday, July 23rd. The shares were purchased at an average price of $30.46 per share, with a total value of $50,990.04. Following the acquisition, the chief executive officer now owns 104,349 shares in the company, valued at approximately $3,178,470.54. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Iole Lucchese acquired 1,654 shares of Scholastic stock in a transaction that occurred on Tuesday, July 23rd. The stock was acquired at an average cost of $30.49 per share, for a total transaction of $50,430.46. Following the completion of the purchase, the executive vice president now directly owns 74,264 shares of the company’s stock, valued at $2,264,309.36. The disclosure for this purchase can be found here. 18.62% of the stock is owned by company insiders.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Scholastic from a “hold” rating to a “buy” rating in a research report on Friday.

Scholastic Company Profile

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.