2 weeks Ago By Defense World Staff
Scholastic ( NASDAQ:SCHL – Get Free Report ) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Friday. Scholastic Price Performance Scholastic stock traded up $1.
86 during trading hours on Friday, reaching $32.04. The company had a trading volume of 450,776 shares, compared to its average volume of 205,687.
The company has a 50-day moving average price of $30.89 and a 200 day moving average price of $34.23.
Scholastic has a 12-month low of $28.47 and a 12-month high of $41.79.
The firm has a market cap of $904.81 million, a price-to-earnings ratio of 22.10 and a beta of 1.
03. Scholastic ( NASDAQ:SCHL – Get Free Report ) last released its quarterly earnings data on Thursday, September 26th. The company reported ($2.
13) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($2.48) by $0.35.
The firm had revenue of $237.20 million for the quarter, compared to analysts’ expectations of $233.49 million.
Scholastic had a net margin of 0.76% and a return on equity of 3.34%.
During the same quarter in the previous year, the company earned ($2.20) earnings per share. As a group, research analysts expect that Scholastic will post 1.
52 earnings per share for the current year. Insider Activity at Scholastic Institutional Inflows and Outflows A number of institutional investors and hedge funds have recently added to or reduced their stakes in SCHL. nVerses Capital LLC bought a new position in shares of Scholastic in the second quarter worth approximately $35,000.
Innealta Capital LLC purchased a new position in shares of Scholastic during the second quarter valued at approximately $64,000. EntryPoint Capital LLC bought a new position in Scholastic during the first quarter valued at approximately $129,000. Quent Capital LLC purchased a new stake in Scholastic in the first quarter worth approximately $215,000.
Finally, Allspring Global Investments Holdings LLC grew its position in Scholastic by 13.7% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 5,776 shares of the company’s stock worth $218,000 after purchasing an additional 697 shares during the period.
Institutional investors own 82.57% of the company’s stock. Scholastic Company Profile ( Get Free Report ) 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. Further Reading Five stocks we like better than Scholastic Why Are These Companies Considered Blue Chips? Can Costco Stock Hit New Highs as Interest Rates Drop? What Are Dividend Champions? How to Invest in the Champions These 3 Stocks Show How to Navigate Declining Consumer Confidence Should You Add These Warren Buffett Stocks to Your Portfolio? MicroStrategy’s Returns Are 3X Higher Than Bitcoin: Time to Buy? Receive News & Ratings for Scholastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Scholastic and related companies with MarketBeat.
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