Scholastic Corp (SCHL) Releases Earnings Results, Beats Expectations By $0.02 EPS

Scholastic Corp (SCHL) announced its most recent quarterly financial results on Thursday, Sep-22-2016. SCHL said it had a profit of $-1.15 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $-1.17. The company posted revenue of $282.70 million in the period, compared to analysts expectations of $286.50 million. SCHL’s revenue was up 47.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $-1.44 EPS.

Scholastic Corp closed down -0.56 points or -1.42% at $38.8 with 98,173 shares getting traded on Tuesday. Post opening the session at $39.45, the shares hit an intraday low of $38.78 and an intraday high of $39.535 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

Investors should note that on Sep 21, 2016, Scholastic Corp announced a cash dividend of $0.1500. The company’s management has announced Oct 27, 2016 as the ex-dividend date and fixed the record date on Oct 31, 2016. The payable date has been fixed on Dec 15, 2016.

In a different news, on Aug 22, 2016, Judith Newman (EVP, President, Book Clubs) sold 400 shares at $41.25 per share price. According to the SEC, on Aug 16, 2016, Alan J Boyko (President, Schl Book Fairs) sold 10,000 shares at $40.16 per share price. On Jul 11, 2016, Maureen Oconnell (EVP, CAO & CFO) sold 56,526 shares at $40.00 per share price, according to the Form-4 filing with the securities and exchange commission.

Scholastic Corporation is a publisher and distributor of children’s books. The Company has three segments: Children’s Book Publishing and Distribution Education and International. The Company’s Children’s Book Publishing and Distribution segment includes the publication and distribution of children’s books e-books media and interactive products in the United States through its book clubs and book fairs in its school channels and through the trade channel. Its Education segment includes the publication and distribution to schools and libraries of children’s books classroom magazines supplemental classroom materials and print and online reference and non-fiction products for grades pre-K to 12 in the United States. Its International segment includes the publication and distribution of products and services outside the United States by its international operations and its export and foreign rights businesses.

Scholastic Corp

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