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U.S. stock futures declined on Friday following Thursday's declines. Futures of the major benchmark indices were lower.
Scholastic Corporation is upgraded from 'hold' to a soft 'buy' after operational improvements and a transformative sale-leaseback transaction. Despite Q3 revenue missing expectations, SCHL's EPS of $2.55 far surpassed forecasts, aided by a $119.8M gain from asset sales. SCHL announced an accelerated $200M share buyback via Dutch auction, potentially retiring over 21% of shares at $36–$40 per share.
Scholastic Corporation (SCHL) Q3 2026 Earnings Call Transcript
The headline numbers for Scholastic (SCHL) give insight into how the company performed in the quarter ended February 2026, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Scholastic (SCHL) came out with a quarterly loss of $0.15 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to a loss of $0.05 per share a year ago.
The publishing house said the offer will run between March 23 and April 20, with an expected cash purchase price of between $36 and $40 a share.
NEW YORK, March 19, 2026 /PRNewswire/ -- Scholastic Corporation ("Scholastic") (NASDAQ: SCHL), the global children's publishing, education and media company, today announced that its Board of Directors (the "Board") has authorized the repurchase of up to $200 million of the Company's common stock through a modified "Dutch Auction" tender offer ("Offer"), at an anticipated cash purchase price per share of not less than $36.00 per share and not more than $40.00 per share, less any applicable withholding taxes and without interest. The Offer is expected to commence on Monday, March 23, 2026, with expiration of the Offer scheduled for 5:00 p.m.
Board Authorizes Planned $200 Million Modified Dutch Auction Tender Offer as Part of $300 Million Total Share Repurchase Authorization Company Establishes Long-Term Net Leverage Target of 2.0-2.5x Adjusted EBITDA, Consistent with Disciplined Approach to Balance Sheet Management and Shareholder Returns NEW YORK, March 19, 2026 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL), the global children's publishing, education and media company, today reported financial results for the Company's fiscal third quarter ended February 28, 2026. Peter Warwick, President and Chief Executive Officer, said, "Last quarter Scholastic made significant progress in its ongoing plan to enhance shareholder value, including optimizing our balance sheet with over $400 million in net proceeds from two sale-leaseback transactions and advancing our strategy to drive long-term growth and margin expansion.
NEW YORK, March 18, 2026 /PRNewswire/ -- Scholastic Corporation (NASDAQ: SCHL) announced today that its Board of Directors declared a quarterly cash dividend of $0.20 per share on the Company's Class A and Common Stock for the fourth quarter of fiscal 2026. The dividend is payable on June 15, 2026, to all shareholders of record as of the close of business on April 30, 2026.
Get a deeper insight into the potential performance of Scholastic (SCHL) for the quarter ended February 2026 by going beyond Wall Street's top-and-bottom-line estimates and examining the estimates for some of its key metrics.
Scholastic (SCHL) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Here is how Scholastic (SCHL) and John Wiley & Sons (WLY) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Wall Street is sending two distinct signals on consumer-facing stocks this week. Grocery Outlet is firmly in the bearish camp, with analysts cutting targets and flagging structural recovery uncertainty.
Scholastic Corporation (NASDAQ: SCHL - Get Free Report) shares hit a new 52-week high during mid-day trading on Friday. The company traded as high as $36.24 and last traded at $35.94, with a volume of 141205 shares trading hands. The stock had previously closed at $35.46. Analyst Upgrades and Downgrades A number of analysts recently
NEW YORK, March 5, 2026 /PRNewswire/ -- Scholastic Corporation (NASDAQ:SCHL) today announced the following schedule and conference call information for its third quarter fiscal year 2026 earnings announcement: Earnings Release: Thursday, March 19, 2026, at 4:00 PM ET and posted on the Company's investor relations website, investor.scholastic.com. Conference Call: Thursday, March 19, 2026, at 4:30 PM ET hosted by Peter Warwick, President and CEO, and Haji Glover, CFO and Executive Vice President.
Scholastic Corporation (NASDAQ: SCHL - Get Free Report)'s share price passed above its two hundred day moving average during trading on Tuesday. The stock has a two hundred day moving average of $29.36 and traded as high as $33.20. Scholastic shares last traded at $32.86, with a volume of 350,546 shares changing hands. Wall Street
Counterpoint Mutual Funds LLC purchased a new stake in Scholastic Corporation (NASDAQ: SCHL) in the undefined quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 18,279 shares of the company's stock, valued at approximately $500,000. Counterpoint Mutual Funds LLC owned approximately 0.07% of Scholastic
Scholastic (SCHL) could be a great choice for investors looking to make a profit from fundamentally strong stocks that are currently on the move. It is one of the several stocks that made it through our "Recent Price Strength" screen.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.