Scholastic Corporation (SCHL) - NASDAQ
  • Thu, Jan. 21, 12:45 PM
    | Thu, Jan. 21, 12:45 PM
  • Thu, Jan. 21, 9:26 AM
    • Scholastic (NASDAQ:SCHL) has sunk 14.9% premarket as it says it's terminated its modified Dutch Auction tender offer, in which it was to purchase up to $200M of common stock, and won't purchase any shares.
    • The company had declared the offer on Dec. 28 and it was set to expire Jan. 26. Shareholders were invited to tender shares in a price range of $37-$40 per share, and the company would buy up to 5,405,405 shares for cash.
    • A triggering condition occurred allowing Scholastic to end the offer when the Nasdaq fell more than 10% from its Dec. 28 close.
    • All shares previously tendered will be returned to the tendering holders.
    • Following yesterday's close at $37.61, shares are trading at $32 premarket.
    | Thu, Jan. 21, 9:26 AM
  • Thu, Jan. 21, 9:16 AM
    | Thu, Jan. 21, 9:16 AM | 1 Comment
  • Dec. 17, 2015, 9:34 AM
    • Scholastic (NASDAQ:SCHL) is down 4.3% after missing on its fiscal Q2 earnings on top and bottom lines and lowering forecasts for the full year.
    • Foreign exchange drove a revenue decline -- revenues were up 1.3% in constant currency -- and profits fell 14.5%.
    • Revenue by segment: Children's Book Publishing and Distribution, $414M (up 1%); Education, $72.1M (up 3%); International, $115.7M (down 13%).
    • Free cash flow was $101.8M vs. a year-ago $125.7M; cash and equivalents came to $348.9M vs. a year-ago net debt of $61.3M (mainly due to selling its EdTech business).
    • The company dimmed guidance slightly for fiscal 2016 revenue (to $1.65B from $1.7B) and EPS from continuing operations (to $1.35, from a range of $1.35-$1.55). It still expects free cash flow of $35M-$45M.
    • It also plans to return $200M to shareholders through a modified Dutch auction tender, as well as converting space at its Broadway headquarters in New York to get more retail rental revenue.
    | Dec. 17, 2015, 9:34 AM
  • Oct. 13, 2015, 4:07 PM
    • Scholastic (NASDAQ:SCHL) finished up 3.6% today, following an Oppenheimer launch at Outperform as a "catalyst-rich investment opportunity."
    • It has a $50 price target; Scholastic shares just closed at $40.82, implying 22.5% upside from here.
    • Scholastic gets a stable revenue stream from one of the strongest markets left in print -- school books -- and the company has about a 10% unlevered free cash flow yield estimated for fiscal 2017, with a mid-single-digit revenue growth profile, Oppenheimer says.
    • What's more, the company could sell three stories of its Broadway headquarters in New York City for more than $350M -- almost $250M after taxes, or $7.31/share. All in all, Oppenheimer thinks between the real estate monetization, free cash flow and cash on hand (about $8/share), Scholastic could return $400M in cash (about 30% of market cap) over the next 12 months.
    | Oct. 13, 2015, 4:07 PM
  • Sep. 24, 2015, 10:28 AM
    • Scholastic (NASDAQ:SCHL) is off 1.4% after recording a wider loss in its fiscal Q1 results despite beating expectations.
    • Gains in the company's slow (non-school-year) quarter came from classroom books, branded libraries and summer reading programs, and higher custom and digital sales in the consumer magazine channel. Revenues from continuing business (excluding the now-sold EdTech business) were up 0.4%. International sales declined under foreign exchange pressure.
    • Revenues by segment: Children's book publishing, $68.1M (up 15%); Education, $50M (up 7%); International, $73.1M (down 14%).
    • Free cash use of $303.2M, up from the prior year's $76.9M mainly on taxes due tied to the sale of the EdTech business.
    • The company affirmed its full-year outlook of $1.7B in revenue (vs. an expected $1.65B) and EPS of $1.35-$1.55 (vs. an expected $1.50).
    | Sep. 24, 2015, 10:28 AM
  • Jul. 5, 2013, 5:30 PM
    After-hours top gainers, as of 5:15 p.m.: ELP +3%. CIG +2%. NBG +2%. HSOL +2%. EZPW +1%.
    After-hours top losers: JASO -6%. SCHL -5%. CIK -4%. NPBC -4%. ACOR -4%.
    | Jul. 5, 2013, 5:30 PM
  • Jun. 28, 2013, 3:25 PM

    It's a pretty good day to be long shoe stocks after reports from Nike (NKE +2.4%) and Finish Line (FINL +4.2%) set the tone early and analysts jump on the bandwagon with positive comments on the sector: Advancers: Foot Locker (FL) +2.9%, Deckers Outdoor (DECK) +3.0%, Wolverine Worldwide (WWW) +2.2%, Crocs (CROX) +2.2%, Shoe Carnival (SCHL) +1.3%, Brown Shoe (BWS) +1.6%.

    | Jun. 28, 2013, 3:25 PM | 2 Comments
  • Mar. 21, 2013, 12:57 PM
    Midday top 10 gainers: ACAD +29%. CMT +19%. EGLE +17%. ANAC +17%. DRAM +18%. HNR +14%. ECT +14%. AFFY +13%. NICK +13%. GNK +12%.
    Midday top 10 losers: GMO -18%. BLDP -18%. AMBT -15%. SCHL -15%. CIMT -13%. AQ -13%. CHRM -12%. VTNR -11%. PSUN -10%. CSUN -9%.
    | Mar. 21, 2013, 12:57 PM
  • Mar. 21, 2013, 9:10 AM
    Premarket gainers: ITMN +12%. CBLI +9%. ACAD +7%. AFFY +6%.
    Losers: CIMT -12%. SCHL -11%. BLDP -9%. ORCL -8%. GES -7%.
    | Mar. 21, 2013, 9:10 AM
  • Nov. 21, 2012, 12:45 PM
    Midday top 10 gainers: MEMS +72%. NLP +38%. ARCI +20%. INFI +14%. VVUS +14%. NCTY +13%. SKX +12%. SQNM +11%. PSUN +11%. MTSL +11%. Midday top 10 Losers: STV -46%. ZLC -29%. CNET -18%. SCHL -18%. TLYS -17%. STJ -14%. CLNT -13%. EBR -11%. HGSH -11%. KID -11%.
    | Nov. 21, 2012, 12:45 PM | 1 Comment
  • Nov. 21, 2012, 9:10 AM
    Premarket gainers: MEMS +86%. VELT +10%. SQNM +6%. MIPS +5%. CRUS +5%.
    Losers: STV -43%. SCHL -23%. TLYS -15%. ACRX -10%. EBR -10%.
    | Nov. 21, 2012, 9:10 AM
  • Nov. 20, 2012, 6:35 PM
    Scholastic (SCHL) resumes trading after cutting its FY12 outlook, currently -9.2% at $28.91.
    | Nov. 20, 2012, 6:35 PM
  • Nov. 20, 2012, 6:22 PM

    Shares of Scholastic (SCHL) are currently halted in post-session trading after it lowers its FY13 EPS view to $1.40-$1.60 from $2.20-$2.40 and its revenue view to between $1.8B - $1.9B from $1.9B-$2.0B, which are both below consensus expectations of $2.27 per share on revenue of $1.94B respectively. The company attributes the lowered guidance to weak curriculum product sales in its Educational Technology and Services segment due to school budget constraints.

    | Nov. 20, 2012, 6:22 PM
  • Jul. 19, 2012, 8:09 AM

    More on Scholastic (SCHL): Strong sales in children books, particularly The Hunger Games trilogy, led revenue gains again. For FY13, the company expects revenue of $1.9B-$2.0B and EPS of $2.20-$2.40. Shares +4.5% premarket. (PR)

    | Jul. 19, 2012, 8:09 AM
  • Jul. 19, 2012, 7:44 AM
    Scholastic (SCHL): FQ4 EPS of $1.80 may not be comparable to consensus of $1.57. Revenue of $678.5M (+24.4% Y/Y) beats by $37M. Shares +4.5% premarket. (PR)
    | Jul. 19, 2012, 7:44 AM
Company Description
Scholastic Corp. engages in the publishing and distributing of children's books, in educational technology, related services and children's media. It creates books, print, and technology-based learning materials and programs, magazines, multi-media, and other products that helps children learn... More
Sector: Services
Industry: Publishing - Books
Country: United States