Scholastic (NASDAQ:SCHL) Announces Earnings Results, Beats Estimates By $0.73 EPS

Scholastic (NASDAQ:SCHL) released its quarterly earnings results on Thursday. The company reported ($0.05) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.78) by $0.73, Zacks reports. The company had revenue of $335.40 million during the quarter, compared to analysts’ expectations of $347.68 million. Scholastic had a positive return on equity of 1.91% and a negative net margin of 0.27%.

Scholastic Stock Performance

NASDAQ SCHL opened at $21.22 on Friday. The stock has a market capitalization of $596.30 million, a price-to-earnings ratio of -117.88 and a beta of 1.10. Scholastic has a twelve month low of $17.72 and a twelve month high of $39.54. The company has a current ratio of 1.24, a quick ratio of 0.81 and a debt-to-equity ratio of 0.25. The stock has a 50-day moving average of $20.09 and a 200 day moving average of $24.06.

Scholastic Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, April 30th will be issued a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 dividend on an annualized basis and a yield of 3.77%. Scholastic’s payout ratio is -444.44%.

About Scholastic

Scholastic Corporation publishes and distributes children’s books worldwide. It operates in three segments: Children’s Book Publishing and Distribution, Education Solutions, and International. The Children’s Book Publishing and Distribution segment engages in publication and distribution of children’s print, digital, and audio books, as well as media and interactive products through its school reading events and trade channel; and operation of school-based book clubs and book fairs in the United States.