John Wiley & Sons (NYSE:WLY) Issues Quarterly Earnings Results

John Wiley & Sons (NYSE:WLY) posted its quarterly earnings data on Thursday. The company reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.40 by $0.04, Briefing.com reports. John Wiley & Sons had a return on equity of 29.01% and a net margin of 13.22%.During the same quarter in the previous year, the business posted $0.49 EPS. The business’s revenue was down 2.6% on a year-over-year basis.

John Wiley & Sons Trading Down 2.2%

WLY stock opened at $51.24 on Thursday. John Wiley & Sons has a 12-month low of $28.38 and a 12-month high of $57.45. The stock has a market cap of $2.60 billion, a price-to-earnings ratio of 12.11 and a beta of 0.78. The business’s 50-day moving average is $51.43 and its 200 day moving average is $43.36. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

John Wiley & Sons Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Tuesday, July 7th were given a $0.3575 dividend. This represents a $1.43 annualized dividend and a dividend yield of 2.8%. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, July 7th. John Wiley & Sons’s dividend payout ratio (DPR) is 33.81%.

Institutional Investors Weigh In On John Wiley & Sons

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its stake in shares of John Wiley & Sons by 13.5% during the first quarter. Royal Bank of Canada now owns 24,305 shares of the company’s stock worth $1,083,000 after purchasing an additional 2,897 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in John Wiley & Sons by 3.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 23,407 shares of the company’s stock valued at $1,043,000 after acquiring an additional 707 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in shares of John Wiley & Sons by 6.0% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 122,433 shares of the company’s stock worth $5,456,000 after buying an additional 6,928 shares during the last quarter. Jane Street Group LLC grew its position in shares of John Wiley & Sons by 14,320.0% in the first quarter. Jane Street Group LLC now owns 158,620 shares of the company’s stock valued at $7,068,000 after purchasing an additional 157,520 shares during the last quarter. Finally, Acadian Asset Management LLC purchased a new stake in John Wiley & Sons during the 1st quarter worth about $65,000. 73.94% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. Weiss Ratings raised John Wiley & Sons from a “hold (c+)” rating to a “buy (b-)” rating in a report on Tuesday, July 7th. Zacks Research lowered John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. One equities research analyst has rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, John Wiley & Sons currently has a consensus rating of “Moderate Buy”.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc is a global publishing and educational services company founded in 1807 and headquartered in Hoboken, New Jersey. The company operates through two primary segments: Research & Publishing and Education. Through these segments, Wiley produces a wide range of scholarly journals, books, reference works and digital products for academic, scientific, technical and medical markets, as well as professional development and higher education learning resources.

In its Research & Publishing segment, Wiley publishes thousands of peer-reviewed journals and maintains the Wiley Online Library, a leading platform for scientific and scholarly content.