Scholastic (NASDAQ:SCHL) Posts Earnings Results

Scholastic (NASDAQ:SCHL) announced its earnings results on Thursday. The company reported ($0.05) EPS for the quarter, beating analysts’ consensus estimates of ($0.78) by $0.73, Zacks reports. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%. The business had revenue of $335.40 million during the quarter, compared to analysts’ expectations of $347.68 million.

Scholastic Price Performance

Shares of Scholastic stock opened at $21.22 on Friday. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81. The business has a 50 day simple moving average of $20.09 and a two-hundred day simple moving average of $24.06. The stock has a market capitalization of $596.30 million, a P/E ratio of -117.88 and a beta of 1.10. Scholastic has a 12 month low of $17.72 and a 12 month high of $39.54.

Scholastic Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Wednesday, April 30th will be issued a dividend of $0.20 per share. The ex-dividend date is Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 3.77%. Scholastic’s payout ratio is currently -444.44%.

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.