Scholastic Corporation (SCHL, Financial) experienced a notable stock movement with a sharp increase of 5.01%. The current trading price is $26.83 per share, with a trading volume of 120,012 shares, a turnover rate of 0.43%, and a price fluctuation of 4.54%.
Recent financial reports revealed that Scholastic generated revenue of $237 million but reported a net loss of $62.50 million, resulting in earnings per share of -$2.21. The company's gross profit stands at $93.60 million, and it has a price-to-earnings ratio of 49.69. No institutional ratings for buying, holding, or selling are available at this time.
Within the publishing industry, Scholastic's stock outperformed the overall industry's increase of 0.29%. Among its peers, Gannett and John Wiley & Sons, Inc. also saw significant gains. Scholastic, along with Gannett, was highly active, with turnover rates of 0.43% and 0.16% respectively. The stock's price fluctuation was notably high, aligning with companies like Educational Development Corporation and Dallasnews Corporation - Series A.
Scholastic Corporation specializes in publishing and educational media, offering books and learning materials for schools, educators, parents, and children. Its product range includes printed books, digital books, audiobooks, educational materials, classroom magazines, and more. The company holds exclusive rights to popular book titles such as "Harry Potter," "Dog Man," and "The Hunger Games." Scholastic operates through three main segments: Children’s Book Publishing & Distribution, Education Solutions, and International, with the Children’s Book Publishing & Distribution segment being the primary revenue driver.
