Scholastic Corp (NASDAQ:SCHL) is set to announce its earnings results before the market opens on Thursday, March 23rd. Analysts expect the company to announce earnings of ($0.27) per share for the quarter.
Shares of Scholastic Corp (NASDAQ:SCHL) opened at 46.23 on Tuesday. The firm’s 50-day moving average is $45.70 and its 200 day moving average is $43.26. The stock has a market capitalization of $1.59 billion, a P/E ratio of 30.43 and a beta of 0.98. Scholastic Corp has a 12-month low of $34.76 and a 12-month high of $49.38.
In other news, CEO Richard Robinson sold 53,026 shares of Scholastic Corp stock in a transaction dated Friday, January 13th. The stock was sold at an average price of $46.77, for a total value of $2,480,026.02. Following the completion of the transaction, the chief executive officer now owns 4,372,680 shares of the company’s stock, valued at approximately $204,510,243.60. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Maureen Oconnell sold 8,264 shares of Scholastic Corp stock in a transaction dated Wednesday, January 4th. The stock was sold at an average price of $47.45, for a total value of $392,126.80. Following the completion of the transaction, the chief financial officer now directly owns 27,865 shares of the company’s stock, valued at approximately $1,322,194.25. The disclosure for this sale can be found here. In the last ninety days, insiders sold 104,858 shares of company stock valued at $4,937,212. 24.16% of the stock is owned by insiders.
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Separately, Zacks Investment Research lowered Scholastic Corp from a “buy” rating to a “hold” rating in a research report on Thursday, November 24th.
About Scholastic Corp
Scholastic Corporation is a publisher and distributor of children’s books, a provider of print and digital instructional materials for pre-kindergarten (pre-K) to grade 12, and a producer of educational and entertaining children’s media. The Company operates through three segments: Children’s Book Publishing and Distribution, Education and International.
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