Educational Development (NASDAQ:EDUC) Releases Quarterly Earnings Results, Misses Estimates By $0.57 EPS

Educational Development (NASDAQ:EDUC) released its quarterly earnings results on Thursday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.57), Zacks reports. Educational Development had a negative return on equity of 17.66% and a net margin of 10.15%.

Educational Development Stock Down 0.6%

Shares of EDUC stock traded down $0.01 during trading hours on Thursday, hitting $1.57. 820,602 shares of the company’s stock traded hands, compared to its average volume of 54,487. The stock’s fifty day simple moving average is $1.46 and its two-hundred day simple moving average is $1.40. Educational Development has a 12-month low of $1.00 and a 12-month high of $1.84. The stock has a market cap of $13.36 million, a price-to-earnings ratio of 6.04 and a beta of 1.02.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Educational Development from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. One research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Educational Development currently has a consensus rating of “Sell”.

Institutional Trading of Educational Development

Several institutional investors have recently added to or reduced their stakes in the business. Bridgeway Capital Management LLC bought a new stake in Educational Development in the 4th quarter worth about $29,000. Citadel Advisors LLC bought a new stake in shares of Educational Development in the third quarter worth approximately $36,000. Finally, State Street Corp grew its stake in shares of Educational Development by 106.0% in the fourth quarter. State Street Corp now owns 31,876 shares of the company’s stock worth $42,000 after acquiring an additional 16,400 shares during the period. 19.60% of the stock is currently owned by hedge funds and other institutional investors.

About Educational Development

Educational Development Corporation, through its subsidiaries, engages in the direct marketing and digital retailing of educational and inspirational reading materials, including books, Bibles, devotionals, and related gift items. The company’s product portfolio extends to children’s literature, music, and home décor, targeting consumers in the faith-based and human-interest segments. Products are sold under proprietary brands across multiple online and catalog platforms.

Central to the company’s operations are its e-commerce websites and print catalogs, which support both retail and wholesale distribution channels.