FY2024 EPS Estimates for Scholastic Co. Lowered by Analyst (NASDAQ:SCHL)

Scholastic Co. (NASDAQ:SCHLFree Report) – Sidoti Csr dropped their FY2024 EPS estimates for shares of Scholastic in a report released on Tuesday, March 12th. Sidoti Csr analyst B. Mccarthy now forecasts that the company will earn $2.01 per share for the year, down from their previous forecast of $2.17. The consensus estimate for Scholastic’s current full-year earnings is $2.17 per share. Sidoti Csr also issued estimates for Scholastic’s Q2 2025 earnings at $2.78 EPS and FY2025 earnings at $3.01 EPS.

Scholastic (NASDAQ:SCHLGet Free Report) last released its earnings results on Thursday, December 14th. The company reported $2.45 earnings per share for the quarter, missing the consensus estimate of $2.65 by ($0.20). Scholastic had a return on equity of 5.75% and a net margin of 3.60%. The business had revenue of $562.60 million for the quarter, compared to the consensus estimate of $625.23 million. During the same quarter last year, the business posted $2.12 earnings per share.

Several other research analysts have also recently issued reports on SCHL. StockNews.com cut shares of Scholastic from a “buy” rating to a “hold” rating in a report on Wednesday. TheStreet upgraded Scholastic from a “c+” rating to a “b” rating in a report on Thursday, December 14th.

View Our Latest Stock Report on SCHL

Scholastic Stock Performance

Shares of SCHL opened at $36.51 on Thursday. The stock has a market capitalization of $1.09 billion, a PE ratio of 20.27 and a beta of 1.06. The company has a 50 day moving average price of $38.60 and a 200-day moving average price of $38.72. Scholastic has a fifty-two week low of $30.50 and a fifty-two week high of $45.98.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC acquired a new position in shares of Scholastic during the fourth quarter worth $25,000. Point72 Middle East FZE acquired a new stake in shares of Scholastic during the 4th quarter worth about $49,000. Tower Research Capital LLC TRC boosted its holdings in Scholastic by 57.2% in the second quarter. Tower Research Capital LLC TRC now owns 1,300 shares of the company’s stock valued at $51,000 after purchasing an additional 473 shares in the last quarter. Captrust Financial Advisors raised its holdings in Scholastic by 69.8% during the first quarter. Captrust Financial Advisors now owns 2,054 shares of the company’s stock worth $83,000 after purchasing an additional 844 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Scholastic by 19.3% during the 2nd quarter. PNC Financial Services Group Inc. now owns 2,741 shares of the company’s stock worth $107,000 after buying an additional 444 shares during the last quarter. Institutional investors and hedge funds own 80.72% 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 books, eBooks, media, and interactive products through its school book clubs and fair channels, and trade channel.

Further Reading

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