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

Educational Development (NASDAQ:EDUC) announced its earnings results on Wednesday. The company reported ($0.19) 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%

NASDAQ:EDUC traded up $0.01 during mid-day trading on Wednesday, reaching $1.31. 9,826 shares of the stock were exchanged, compared to its average volume of 81,511. The business has a fifty day moving average price of $1.34 and a 200 day moving average price of $1.40. The firm has a market capitalization of $11.16 million, a PE ratio of 5.70 and a beta of 1.09. Educational Development has a 1-year low of $1.20 and a 1-year high of $1.73.

Wall Street Analysts Forecast Growth

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 investment analyst has rated the stock with a Hold rating. According to data from MarketBeat, Educational Development presently has a consensus 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.