Scholastic (NASDAQ:SCHL) Releases Earnings Results, Beats Expectations By $0.73 EPS

Scholastic (NASDAQ:SCHL) issued its quarterly earnings data 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. Scholastic had a negative net margin of 0.27% and a positive return on equity of 1.91%.

Scholastic Stock Performance

SCHL stock traded down $0.35 on Thursday, reaching $18.80. 505,132 shares of the company were exchanged, compared to its average volume of 230,700. Scholastic has a 12 month low of $17.72 and a 12 month high of $39.54. The stock’s fifty day moving average price is $20.07 and its 200 day moving average price is $24.17. The firm has a market capitalization of $528.30 million, a PE ratio of -104.44 and a beta of 1.10. The company has a debt-to-equity ratio of 0.25, a current ratio of 1.24 and a quick ratio of 0.81.

Scholastic Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Investors of record on Wednesday, April 30th will be given a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 4.26%. The ex-dividend date of this dividend is Wednesday, April 30th. Scholastic’s dividend payout ratio (DPR) is currently -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.