Key Developments: Scholastic Corp (SCHL.O)
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Latest Key Developments (Source: Significant Developments)
Scholastic Corp Lowers FY 2013 Guidance
Scholastic Corp revised fiscal 2013 guidance and expects total revenue in the range of $1.75 billion to $1.8 billion, compared to its previous outlook of $1.8 billion to $1.9 billion and earnings per diluted share from continuing operations in the range of $1.10 to $1.30, before the impact of one-time items associated with cost reduction programs and non-cash, non-operating items, compared to its previous outlook of $1.40 to $1.60, before the impact of such one-time items. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $2 billion and EPS of $1.52 for fiscal 2013. Full Article
Scholastic Corp Announces Fourth Quarter Dividend
Scholastic Corp announced that its Board of Directors declared a quarterly cash dividend of $0.125 per share on the Company's Class A and Common Stock for the fourth quarter of fiscal 2013. The dividend is payable on June 17, 2013 to all shareholders of record as of the close of business on April 30, 2013. Full Article
Scholastic Corp Reaffirms FY 2013 Guidance
Scholastic Corp affirmed the revised outlook for fiscal 2013 that it has announced on November 20, 2012. The Company expects total revenue of approximately $1.8 billion to $1.9 billion and earnings per diluted share from continuing operations in the range of $1.40 to $1.60, before the impact of one-time items associated with cost reduction programs and non-cash, non-operating items. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.51 on revenue of $1.9 billion for fiscal 2013. Full Article
Scholastic Corp Announces Third Quarter Dividend
Scholastic Corp announced that its Board of Directors today declared a quarterly cash dividend of $0.125 per share on the Company's Class A and Common Stock for the third quarter of fiscal 2013. The dividend is payable on March 15, 2013 to all shareholders of record as of the close of business on January 31, 2013 . Full Article
Scholastic Corp Lowers FY 2013 Guidance
Scholastic Corp announced that it has revised its earnings guidance for fiscal 2013. The Company now expects earnings from continuing operations to be in the range of $1.40 to $1.60 per diluted share (EPS) on revenues of approximately $1.8 to $1.9 billion, compared to the prior guidance of a range of $2.20 to $2.40 per diluted share on revenues of approximately $1.9 to $2.0 billion. The earnings guidance excludes the impact of any one-time items associated with cost reduction programs and non-cash, non-operating items. The Company has revised its estimates as a result of factors that include lower curriculum product sales in its Educational Technology and Services segment, which the Company believes is attributable to school district financial resources being devoted to train district educators and administrators in advance of the implementation of the Common Core State Standards, thereby reducing the availability of funds for higher margin educational technology products, as well as a delay in purchasing decisions due to continued uncertainty regarding the federal budget. Full Article
Scholastic Corp Reaffirms FY 2013 Guidance
Scholastic Corp reaffirmed fiscal 2013 outlook for total revenue of approximately $1.9 billion to $2.0 billion and earnings per diluted share (EPS) from continuing operations in the range of $2.20 to $2.40, before the impact of any one-time items associated with cost reduction programs or non-cash, non-operating items. Full Article
Scholastic Corp Announces Second Quarter Dividend
Scholastic Corp announced that its Board of Directors declared a quarterly cash dividend of $0.125 per share on the Company's Class A and Common Stock for the second quarter of fiscal 2013. The dividend is payable on December 17, 2012 to all shareholders of record as of the close of business on October 31, 2012. Full Article
Scholastic Corporation Issues FY 2013 Guidance In Line With Analysts' Estimates
Scholastic Corporation announced that for fiscal 2013, it expects total revenue of approximately $1.9 to $2.0 billion and earnings per diluted share (EPS) from continuing operations in the range of $2.20 to $2.40, before the impact of one-time items. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $2.0 billion and EPS of $2.33 for fiscal 2013. Full Article
Scholastic Corporation Announces First Quarter Dividend
Scholastic Corporation announced that its Board of Directors today declared a quarterly cash dividend of $0.125 per share on the Company's Class A and Common Stock for the first quarter of fiscal 2013. The dividend is payable on September 17, 2012 to shareholders of record as of the close of business on August 31, 2012. Full Article
Scholastic Corporation Raises FY 2012 Earnings Guidance; Reaffirms FY 2012 Revenue Guidance
Scholastic Corporation raised its fiscal 2012 earnings guidance, based on stronger than anticipated sales of The Hunger Games trilogy following the March 23, movie release, the Company now expects earnings from continuing operations to exceed $3.40 per diluted share, compared to the prior guidance of a range of $2.60 to $2.90 per diluted share. This updated earnings guidance excludes the impact of one-time items associated with cost reduction programs and non-cash, non-operating items, which, through the third quarter ended February 29, 2012, were $0.29 per share. The Company's prior guidance for revenue remains unchanged. Full Article
Scholastic cuts full-year forecast for second time
- Children's books publisher Scholastic Corp cut its full-year forecast for the second time as sales of its "Hunger Games" trilogy remained lower than last year and customers continued to delay spending on its educational products.
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