Scholastic (NASDAQ:SCHL) Rating Lowered to Strong Sell at BidaskClub

BidaskClub downgraded shares of Scholastic (NASDAQ:SCHL) from a sell rating to a strong sell rating in a research report report published on Wednesday, BidAskClub reports.

Other research analysts have also issued reports about the company. Zacks Investment Research lowered Scholastic from a strong-buy rating to a sell rating in a research report on Saturday, September 28th. ValuEngine lowered Scholastic from a buy rating to a hold rating in a research report on Friday, November 1st.

Shares of NASDAQ SCHL traded down $0.31 during mid-day trading on Wednesday, hitting $35.59. 108,100 shares of the company traded hands, compared to its average volume of 150,031. Scholastic has a 1 year low of $31.38 and a 1 year high of $46.67. The stock has a market capitalization of $1.27 billion, a price-to-earnings ratio of 32.95 and a beta of 0.82. The company has a quick ratio of 0.86, a current ratio of 1.50 and a debt-to-equity ratio of 0.05. The business has a 50 day moving average of $37.48 and a two-hundred day moving average of $35.81.

Scholastic (NASDAQ:SCHL) last announced its earnings results on Thursday, September 19th. The company reported ($1.59) EPS for the quarter, beating the consensus estimate of ($1.80) by $0.21. Scholastic had a return on equity of 3.93% and a net margin of 1.10%. The business had revenue of $232.60 million during the quarter, compared to the consensus estimate of $217.60 million. During the same period in the prior year, the business posted ($1.74) earnings per share. Scholastic’s revenue was up 6.5% compared to the same quarter last year. As a group, research analysts anticipate that Scholastic will post 1.2 EPS for the current year.

The firm also recently declared a — dividend, which will be paid on Monday, December 16th. Investors of record on Thursday, October 31st will be given a dividend of $0.15 per share. This represents a yield of 1.6%. The ex-dividend date is Wednesday, October 30th. Scholastic’s payout ratio is 55.56%.

A number of large investors have recently bought and sold shares of the stock. BlackRock Inc. raised its position in Scholastic by 0.5% during the second quarter. BlackRock Inc. now owns 4,187,977 shares of the company’s stock valued at $139,209,000 after buying an additional 19,057 shares during the period. Northern Trust Corp raised its position in Scholastic by 1.3% during the second quarter. Northern Trust Corp now owns 1,219,831 shares of the company’s stock valued at $40,547,000 after buying an additional 15,771 shares during the period. Bank of New York Mellon Corp raised its position in Scholastic by 4.4% during the second quarter. Bank of New York Mellon Corp now owns 864,583 shares of the company’s stock valued at $28,739,000 after buying an additional 36,151 shares during the period. Zuckerman Investment Group LLC increased its position in Scholastic by 7.6% in the 2nd quarter. Zuckerman Investment Group LLC now owns 699,675 shares of the company’s stock worth $23,257,000 after purchasing an additional 49,319 shares during the last quarter. Finally, Acadian Asset Management LLC increased its position in Scholastic by 1.8% in the 2nd quarter. Acadian Asset Management LLC now owns 668,650 shares of the company’s stock worth $22,225,000 after purchasing an additional 11,682 shares during the last quarter. 80.96% of the stock is currently owned by hedge funds and other institutional investors.

Scholastic Company Profile

Scholastic Corporation publishes and distributes children's books worldwide. It operates in three segments: Children's Book Publishing and Distribution, Education, and International. The Children's Book Publishing and Distribution segment publishes and distributes children's books, e-books, media, and interactive products through its school book club and school book fair channels, as well as through its trade channel.

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