Educational Development (NASDAQ:EDUC) Posts Quarterly Earnings Results, Misses Expectations By $0.57 EPS

Educational Development (NASDAQ:EDUC) announced its quarterly earnings results on Thursday. The company reported ($0.16) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.41 by ($0.57), Zacks reports. Educational Development had a net margin of 10.15% and a negative return on equity of 17.66%.

Educational Development Trading Down 0.3%

Shares of NASDAQ EDUC traded down $0.01 during trading on Thursday, reaching $1.57. The company had a trading volume of 790,581 shares, compared to its average volume of 54,401. Educational Development has a twelve month low of $1.00 and a twelve month high of $1.84. The stock has a 50-day moving average price of $1.46 and a two-hundred day moving average price of $1.40. The stock has a market capitalization of $13.40 million, a PE ratio of 6.06 and a beta of 1.02.

Institutional Investors Weigh In On Educational Development

Several large investors have recently made changes to their positions in EDUC. Citadel Advisors LLC bought a new position in shares of Educational Development during the third quarter worth about $36,000. State Street Corp grew its position in Educational Development by 106.0% in the 4th quarter. State Street Corp now owns 31,876 shares of the company’s stock valued at $42,000 after buying an additional 16,400 shares in the last quarter. Finally, Bridgeway Capital Management LLC bought a new position in shares of Educational Development in the fourth quarter valued at approximately $29,000. Institutional investors and hedge funds own 19.60% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Educational Development from a “sell (d)” rating to a “sell (d+)” rating in a report on Tuesday, June 23rd. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat, the company currently has an average rating of “Sell”.

Educational Development Company Profile

Educational Development Corporation, through its subsidiaries, engages in the direct marketing and digital retailing of educational and inspirational reading materials, including books, Bibles, devotionals, and related gift items. The company’s product portfolio extends to children’s literature, music, and home décor, targeting consumers in the faith-based and human-interest segments. Products are sold under proprietary brands across multiple online and catalog platforms.

Central to the company’s operations are its e-commerce websites and print catalogs, which support both retail and wholesale distribution channels.