Scholastic Corp (NASDAQ:SCHL) announced a — dividend on Thursday, September 19th, Wall Street Journal reports. Stockholders of record on Thursday, October 31st will be paid a dividend of 0.15 per share on Monday, December 16th. This represents a dividend yield of 1.6%. The ex-dividend date is Wednesday, October 30th.
Scholastic has a dividend payout ratio of 40.0% indicating that its dividend is sufficiently covered by earnings. Analysts expect Scholastic to earn $1.31 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 45.8%.
Shares of Scholastic stock traded up $0.54 on Friday, reaching $36.55. The stock had a trading volume of 98,937 shares, compared to its average volume of 276,549. The stock has a market cap of $1.25 billion, a P/E ratio of 33.84 and a beta of 0.83. Scholastic has a fifty-two week low of $31.38 and a fifty-two week high of $47.88. The business’s 50-day moving average price is $37.02 and its two-hundred day moving average price is $36.30. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.86 and a current ratio of 1.50.
Scholastic (NASDAQ:SCHL) last released its earnings results on Thursday, September 19th. The company reported ($1.59) EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($1.80) by $0.21. The firm had revenue of $232.60 million during the quarter, compared to analysts’ expectations of $217.60 million. Scholastic had a net margin of 1.10% and a return on equity of 3.93%. The business’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period in the prior year, the company earned ($1.74) EPS. As a group, equities analysts forecast that Scholastic will post 1.2 earnings per share for the current fiscal year.
SCHL has been the subject of several recent research reports. BidaskClub downgraded Scholastic from a “hold” rating to a “sell” rating in a report on Friday. ValuEngine upgraded Scholastic from a “hold” rating to a “buy” rating in a report on Wednesday, October 2nd. Finally, Zacks Investment Research downgraded Scholastic from a “strong-buy” rating to a “sell” rating in a research note on Saturday, September 28th.
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.
Read More: Growth Stocks
Receive News & Ratings for Scholastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scholastic and related companies with MarketBeat.com's FREE daily email newsletter.