Q3 2024 EPS Estimates for Scholastic Co. Cut by Sidoti Csr (NASDAQ:SCHL)

Scholastic Co. (NASDAQ:SCHLFree Report) – Investment analysts at Sidoti Csr reduced their Q3 2024 earnings estimates for Scholastic in a note issued to investors on Tuesday, March 12th. Sidoti Csr analyst B. Mccarthy now forecasts that the company will post earnings of ($0.80) per share for the quarter, down from their prior forecast of ($0.58). The consensus estimate for Scholastic’s current full-year earnings is $2.01 per share. Sidoti Csr also issued estimates for Scholastic’s Q4 2024 earnings at $2.66 EPS, Q1 2025 earnings at ($1.81) EPS, Q3 2025 earnings at ($0.72) EPS and Q4 2025 earnings at $2.84 EPS.

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

SCHL has been the subject of several other research reports. TheStreet raised shares of Scholastic from a “c+” rating to a “b” rating in a research note on Thursday, December 14th. StockNews.com downgraded shares of Scholastic from a “buy” rating to a “hold” rating in a research note on Wednesday.

View Our Latest Analysis on SCHL

Scholastic Price Performance

SCHL opened at $36.93 on Friday. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 20.63 and a beta of 1.06. The firm has a 50 day simple moving average of $38.59 and a 200 day simple moving average of $38.66. Scholastic has a fifty-two week low of $30.50 and a fifty-two week high of $45.98.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. GAMMA Investing LLC acquired a new stake in Scholastic in the fourth quarter valued at $25,000. Point72 Middle East FZE bought a new position in shares of Scholastic in the fourth quarter valued at about $49,000. Tower Research Capital LLC TRC raised its position in shares of 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 during the period. Captrust Financial Advisors raised its position in shares of Scholastic by 69.8% in the first quarter. Captrust Financial Advisors now owns 2,054 shares of the company’s stock valued at $83,000 after purchasing an additional 844 shares during the period. Finally, PNC Financial Services Group Inc. raised its position in shares of Scholastic by 19.3% in the second quarter. PNC Financial Services Group Inc. now owns 2,741 shares of the company’s stock valued at $107,000 after purchasing an additional 444 shares during the period. 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.

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Earnings History and Estimates for Scholastic (NASDAQ:SCHL)

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