Sidoti Predicts Scholastic’s Q2 Earnings (NASDAQ:SCHL)

Scholastic Corporation (NASDAQ:SCHL) – Investment analysts at Sidoti boosted their Q2 2027 earnings per share estimates for shares of Scholastic in a note issued to investors on Friday, July 24th. Sidoti analyst B. Mccarthy now forecasts that the company will earn $3.26 per share for the quarter, up from their previous forecast of $3.22. The consensus estimate for Scholastic’s current full-year earnings is $2.61 per share. Sidoti also issued estimates for Scholastic’s Q2 2028 earnings at $3.96 EPS and FY2028 earnings at $2.64 EPS.

Scholastic (NASDAQ:SCHL) last released its earnings results on Thursday, July 23rd. The company reported $2.19 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.03. Scholastic had a return on equity of 5.08% and a net margin of 3.58%.The business had revenue of $476.10 million during the quarter, compared to the consensus estimate of $517.06 million. During the same period last year, the company earned $0.59 earnings per share.

A number of other brokerages have also weighed in on SCHL. Weiss Ratings reiterated a “hold (c+)” rating on shares of Scholastic in a report on Thursday, June 18th. Wall Street Zen lowered shares of Scholastic from a “buy” rating to a “hold” rating in a research report on Saturday, April 25th. B. Riley Financial lifted their price target on shares of Scholastic from $40.00 to $42.00 and gave the company a “neutral” rating in a research note on Wednesday, July 8th. Finally, Zacks Research lowered Scholastic from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 19th. Three research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $42.00.

Scholastic Trading Down 5.5%

NASDAQ SCHL opened at $40.76 on Monday. The company’s 50-day moving average price is $43.79 and its 200-day moving average price is $39.04. The stock has a market cap of $886.12 million, a PE ratio of 17.42, a PEG ratio of 1.38 and a beta of 0.99. Scholastic has a 12 month low of $22.68 and a 12 month high of $48.07.

Institutional Trading of Scholastic

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. JGP Global Gestao de Recursos Ltda. bought a new position in Scholastic in the fourth quarter worth about $1,044,000. Salzhauer Michael bought a new stake in shares of Scholastic in the 4th quarter valued at about $524,000. Caxton Associates LLP grew its position in shares of Scholastic by 248.3% in the 1st quarter. Caxton Associates LLP now owns 40,079 shares of the company’s stock worth $1,565,000 after buying an additional 28,571 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Scholastic by 3.8% during the 4th quarter. Vanguard Group Inc. now owns 1,593,981 shares of the company’s stock worth $47,230,000 after acquiring an additional 59,017 shares in the last quarter. Finally, Horizon Investments LLC purchased a new stake in Scholastic during the fourth quarter valued at approximately $650,000. Institutional investors own 82.57% of the company’s stock.

Scholastic Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Monday, August 31st will be paid a dividend of $0.25 per share. This is a boost from Scholastic’s previous quarterly dividend of $0.20. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, August 31st. Scholastic’s payout ratio is 34.19%.

Scholastic Company Profile

Scholastic Corporation (NASDAQ: SCHL) is a global company dedicated to children’s publishing, education technology and distribution services. The company’s core business encompasses three primary segments: Children’s Book Publishing and Distribution, Education Technology, and International operations. Through its publishing arm, Scholastic produces and distributes a wide range of children’s books, novels, nonfiction titles and classroom magazines under well-known imprints such as Scholastic Press, Graphix and Chicken House.