Educational Development (NASDAQ:EDUC) Posts Quarterly Earnings Results, Misses Estimates By $0.60 EPS

Educational Development (NASDAQ:EDUC) issued its quarterly earnings data on Wednesday. The company reported ($0.19) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by ($0.60), Zacks reports. Educational Development had a negative return on equity of 18.23% and a net margin of 9.75%.

Educational Development Trading Up 0.4%

EDUC traded up $0.01 on Wednesday, reaching $1.31. The company had a trading volume of 9,826 shares, compared to its average volume of 81,511. The company has a fifty day moving average of $1.34 and a 200-day moving average of $1.40. The company has a market capitalization of $11.16 million, a P/E ratio of 5.70 and a beta of 1.09. Educational Development has a one year low of $1.20 and a one year high of $1.73.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Educational Development from a “sell (d)” rating to a “hold (c-)” rating in a research note on Friday, September 25th. One research analyst has rated the stock with a Hold rating. According to MarketBeat, Educational Development has an average rating of “Hold”.

Educational Development Company Profile

Educational Development Corporation (NASDAQ: EDUC) is a U.S.-based publisher and distributor of children’s books and educational products. Headquartered in Tulsa, Oklahoma, the company serves families, educators and other customers through a combination of publishing, wholesale distribution and direct selling.

EDC’s business includes the Usborne Books & More direct-selling operation, which distributes children’s books through a network of independent consultants. Its product range includes picture books, early-learning titles, activity books, fiction and nonfiction for children, along with selected educational products, games and related items.

The company also operates Kane Miller, an imprint focused on publishing and distributing children’s books, including titles translated or licensed from international publishers.