Stock News Buzz: Scholastic Corporation (NASDAQ:SCHL)

Scholastic Corporation (NASDAQ:SCHL) changed -13.40% to recent value of $21.65. The stock transacted 295692 shares during most recent day however it has an average volume of 220.56K shares. It spotted trading -52.73% off 52-week high price. On the other end, the stock has been noted -10.39% away from the low price over the last 52-weeks.

On March 18, 2020, Scholastic Corporation (NASDAQ:SCHL) is pleased to released that its Board of Directors  declared a quarterly cash dividend of $0.15 per share on the Company’s Class A and Common Stock for the fourth quarter of fiscal 2020.  The dividend is payable on June 15, 2020 to all shareholders of record as of the close of business on April 30, 2020.

About Scholastic

For 100 years, Scholastic Corporation (NASDAQ: SCHL) has been encouraging the personal and intellectual growth of all children, beginning with literacy. Having earned a reputation as a trusted partner to educators and families, Scholastic is the world’s largest publisher and distributor of children’s books, a leading provider of literacy curriculum, professional services, and classroom magazines, and a producer of educational and entertaining children’s media. The Company creates and distributes bestselling books and e-books, print and technology-based learning programs for pre-K to grade 12, and other products and services that support children’s learning and literacy, both in school and at home. With 15 international operations and exports to 165 countries, Scholastic makes quality, affordable books available to all children around the world through school-based book clubs and book fairs, classroom libraries, school and public libraries, retail, and online.

SCHL has a gross margin of 52.20% and an operating margin of 1.70% while its profit margin remained 1.10% for the last 12 months. Its earnings per share (EPS) expected to touch remained 127.90% for this year while earning per share for the next 5-years is expected to reach at 9.10%.

The company has 37.22M of outstanding shares and 27.69M shares were floated in the market. According to the most recent quarter its current ratio was 1.6 that represents company’s ability to meet its current financial obligations. The price moved ahead of -31.29% from the mean of 20 days, -35.91% from mean of 50 days SMA and performed -38.91% from mean of 200 days price. Company’s performance for the week was -26.64%, -37.28% for month and YTD performance remained -43.69%.

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