Separately, Zacks Investment Research cut shares of John Wiley & Sons from a buy rating to a hold rating in a report on Friday, June 17th.
John Wiley & Sons (NYSE:JW.A) last posted its quarterly earnings results on Wednesday, September 7th. The company reported $0.52 earnings per share for the quarter, missing the consensus estimate of $0.60 by $0.08. John Wiley & Sons had a net margin of 8.45% and a return on equity of 14.92%. The company earned $404.30 million during the quarter, compared to the consensus estimate of $426.75 million. During the same period last year, the firm posted $0.58 earnings per share. The company’s revenue for the quarter was down 4.4% on a year-over-year basis.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Tuesday, October 4th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of Infinity. The ex-dividend date is Friday, September 30th. John Wiley & Sons’s dividend payout ratio is currently 50.20%.
About John Wiley & Sons
John Wiley & Sons, Inc provides knowledge and knowledge-enabled services in the areas of research, professional practice and education. The Company operates through three segments: Research, Professional Development and Education. Through the Research segment, the Company provides digital and print scientific, technical, medical and scholarly journals, reference works, books, database services and advertising.
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