Scholastic Corporation (SCHL) to Release Earnings on Thursday


Scholastic reported a first quarter net loss of US$63.7mln, or $1.81 per share, wider than the US$39.6mln, or USA $1.15 per share loss it posted at the same stage a year earlier.

TRADEMARK VIOLATION NOTICE: "Scholastic Corporation (SCHL) Updates FY18 Earnings Guidance" was posted by Equities Focus and is the property of of Equities Focus.

The group's adjusted loss per share was US$1.67 for the quarter, more than the consensus loss per share estimate of US$1.34. The company has a market cap of $1.35 billion, a PE ratio of 26.15 and a beta of 0.75. Scholastic Corporation had a return on equity of 5.10% and a net margin of 3.00%. For the quarter ending May-17, 1 analyst has a mean sales target of 508.00 million whilst for the year ending May-17, 2 analysts have a mean target of 1,757.25 million.

The biggest institutional shareholders in Scholastic Corporation include T. Rowe Price Associates, Inc. which owns 3 million shares in the company valued at $130.66 million.

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Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys has invested 0.02% of its portfolio in Global Partners LP (NYSE:GLP). It is negative, as 33 investors sold BX shares while 156 reduced holdings. 82 funds opened positions while 219 raised stakes.

Depending on the earnings numbers reported, Scholastic Corporation (NASDAQ:SCHL) stock may see increased volatility following the report.

Scholastic Corporation (SCHL) closed -11.53% below its 200-day moving average and is -4.37% below another chart threshold, its 50-day moving average. During the same period previous year, the firm earned ($1.15) EPS. State of Alaska Department of Revenue now owns 5,346 shares of the company's stock worth $233,000 after buying an additional 2,376 shares in the last quarter.

The analysts offering 12 month price targets for Scholastic Corporation have a median target of $44, with a high estimate of $44 and a low estimate of $44.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 15th. The ex-dividend date of this dividend was Tuesday, August 29th. The analyst recommendations from a month ago are 0 Buy, 1 Strong Buy, 0 Sell, 0 Hold and 1. Scholastic Corporation's dividend payout ratio (DPR) is now 41.96%. The original version of this story can be read at Finally, BidaskClub upgraded Scholastic Corporation from a "sell" rating to a "hold" rating in a report on Wednesday, July 19th. The Company operates through three segments: Children's Book Publishing and Distribution, Education and worldwide.