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StocksMedium•20 March 2026•

1 min read

Scholastic Upgraded to 'Buy' Following $200M Share Buyback Announcement

Key Facts

1Scholastic (SCHL) was upgraded from 'hold' to 'buy' following operational improvements.

2The company reported EPS of $2.55, far surpassing forecasts aided by a $119.8M gain from asset sales.

Version History

1 additional source confirmed this story

Scholastic Corporation (SCHL) has received a rating upgrade to 'Buy' from 'Hold' following significant operational improvements and a strategic capital return plan. The company reported earnings per share (EPS) of $2.55, significantly exceeding analyst forecasts for the recent quarter. This performance was bolstered by a $119.8 million gain resulting from a transformative sale-leaseback transaction. In a major move to reward shareholders, Scholastic announced an accelerated $200 million share buyback program via a Dutch auction. Analysts estimate that this program could retire more than 21% of the company's outstanding shares. While third-quarter revenue fell short of expectations, the massive cash infusion and buyback initiative are seen as strong catalysts for the stock price moving forward.