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Scholastic Corporation  (SCHL)
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Scholastic Corporation

SCHL's Financial Statements and Analysis



Scholastic Corporation reported in the second quarter of 2024 net earnings per share of $2.45 an increase by 15.57 % year on year from $2.12 and an improvement compare to net loss per share of $-2.35 realized in previous quarter.


second quarter of 2024
Earnings Per Share Revenues
$ 2.45 $  563 Mill
$+0.33     +15.57 % $-25M     -4.3 %



Scholastic's Revenue fell by -4.3 % in second quarter of 2024 (Nov 30 2023) year on year, to $563 million and advanced by 146.21 % sequentially.


Scholastic is Expected to report next financial results on March 23, 2024.

More on SCHL's Income Statement



Scholastic's net income of $76.900 million in the second quarter of 2024 increased by 1.99 % from net earnings of $75.400 million achieved in II. Quarter a year ago.

Sequentially Company turn into Profitability from net loss of $-74.200 million recorded in previous quarter.

More on SCHL's Growth

Scholastic Inventories
Inventories declined by -20.53 % to $302.30 million from II. Quarter a year ago, sequentially inventories fell by -14.41 %. SCHL's Cash flow In the second quarter of 2024 company's net cash flow was $24 million, capital expenditures fell by -12.716.54%, to $-15 millions compare to same quarter a year ago

More on SCHL's Cash flow Statement


Scholastic Corporation payed out dividend of $0.86 per share in last 52 weeks representing 49.14 % of net earning per share in trailing twelve-month period.

During the same period Scholastic Corporation earned $ 6.35 cash per share, on a free-cash flow basis 362.65 % of net earning per share.

Book value grew by 2.93 % sequentially to $34.38 per share, 4.87% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 30.15 per share from $ 29.19.

Company repurchased 0.19 million shares or 0.59 % in Nov 30 2023.
Interest Coverage Ratio was 7.45.

More on SCHL's Dividends

 Market Capitalization (Millions) 1,159
 Shares Outstanding (Millions) 31
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 1,644
 Net Income (TTM) (Millions $) 59
 Cash Flow (TTM) (Millions $) -112
 Capital Exp. (TTM) (Millions $) -67
 Dividend TTM ($) 0.86 $
 Dividend Yield TTM (%) 2.17 %
 Employees (TTM) $ 8,900




Scholastic Corporation payed out dividend of $0.86 per share in the last 52 weeks representing 49.14 % of net earning per share in trailing twelve-month period.

During the same period Scholastic Corporation had $ 6.35 cash flow per share, on a free-cash flow basis 362.65 % of net earning per share.

Book value grew by 2.93 % sequentially to $34.38 per share, 4.87% of net income per share in trailing twelve-month period were contributed to shareholder value.
Tangible Book value grew to $ 30.15 per share from $ 29.19.

Company repurchased 0.19 million shares or 0.59 % in Nov 30 2023.
Interest Coverage Ratio was 7.45.

More on SCHL's Balance Sheets

 Market Capitalization (Millions) 1,159
 Shares Outstanding (Millions) 31
 Total Debt (Millions $) -
 Revenue (TTM) (Millions $) 1,644
 Net Income (TTM) (Millions $) 59
 Cash Flow (TTM) (Millions $) -112
 Capital Exp. (TTM) (Millions $) -67
 Dividend TTM ($) 0.86 $
 Dividend Yield TTM (%) 2.17 %
 Employees (TTM) $ 8,900
   


  News about Scholastic Corporation Earnings

Scholastic Corporation Faces Bearish Outlook: Declining Revenue and Margins Raise Concerns in the Second Quarter of 2024

Bearish Outlook for Scholastic Corporation: Declining Revenue and Margins Raise Concerns
Scholastic Corporation, a leading publishing and educational services company, recently released its earnings report for the second quarter of 2024. Despite managing to improve its earnings per share, the overall picture painted by the report reflects a bearish outlook for the company.
One significant concern is the 4.303% decrease in revenue year-on-year, which amounts to $562.60 million. This decline is particularly worrisome when compared to the impressive 146.214% increase in revenue during the previous reporting season. The company's inability to sustain and build upon its revenue growth is an alarming sign ...

Scholastic Corporation Faces Alarming -13.085% Revenue Contraction, Raises Concerns about Company's Future Amidst Dismal Financial Performance



In a recently released financial report, Scholastic Corporation, a leading publishing and education company, revealed its fiscal performance for the period spanning June to August 31, 2023. The company experienced significant setbacks, with a substantial decline in both revenue and earnings per share (EPS). These disappointing figures have raised concerns about the company's future prospects and prompted a drop in its stock price.
Financial Performance:
During the fiscal interval specified, Scholastic Corporation saw its per share loss increase to $-2.35, compared to $-1.33 in the same period the prior year. EPS also experienced a decline, falling from $2.22 per share in the previous report...

Scholastic Corporation Witnesses Prominent Amplification in Earnings per Share by 59.43% in the Latest Fiscal Term


Introduction
Scholastic Corporation, a renowned Print Media and Newspaper Publishing company, has experienced significant fluctuations in its stock market performance over the past 30 days and 12 months. The stock dropped by -1.08% and 34.83%, respectively. Additionally, it is currently trading -0.3% below its 52-week average on the NASDAQ. Nevertheless, despite these market challenges, Scholastic Corporation recently released impressive financial results for the fourth quarter of 2023 that showcased notable growth. This article will analyze these results and discuss how they may impact the future prospects of the company.
Profitability and Revenue Growth
In the fourth quarter of 2023, Schol...


Date modified: 2023-12-19T19:51:51+00:00





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