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

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

Scholastic Stock Down 1.8 %

SCHL stock opened at $18.80 on Friday. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.81 and a current ratio of 1.24. The company has a market capitalization of $528.30 million, a price-to-earnings ratio of -104.44 and a beta of 1.10. Scholastic has a fifty-two week low of $17.72 and a fifty-two week high of $39.54. The stock has a fifty day moving average of $20.05 and a 200-day moving average of $24.14.

Scholastic Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 16th. Stockholders of record on Wednesday, April 30th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a $0.80 annualized dividend and a dividend yield of 4.26%. 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.