John Wiley & Sons (NYSE:WLY) Hits New 12-Month High on Earnings Beat

John Wiley & Sons, Inc. (NYSE:WLYGet Free Report) shares reached a new 52-week high on Wednesday after the company announced better than expected quarterly earnings. The stock traded as high as $45.88 and last traded at $45.1850, with a volume of 44221 shares trading hands. The stock had previously closed at $45.09.

The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.02. The firm had revenue of $447.94 million for the quarter, compared to analyst estimates of $450.00 million. John Wiley & Sons had a net margin of 9.24% and a return on equity of 28.38%. The business’s revenue for the quarter was up 1.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.37 EPS. John Wiley & Sons has set its FY 2027 guidance at 4.600-5.050 EPS.

John Wiley & Sons Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Tuesday, April 7th were paid a $0.355 dividend. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.42 annualized dividend and a yield of 3.2%. John Wiley & Sons’s payout ratio is currently 49.48%.

Key Stories Impacting John Wiley & Sons

Here are the key news stories impacting John Wiley & Sons this week:

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on WLY shares. Zacks Research cut John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Weiss Ratings raised shares of John Wiley & Sons from a “hold (c)” rating to a “hold (c+)” rating in a report on Friday, May 29th. Two analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

Get Our Latest Report on WLY

Institutional Investors Weigh In On John Wiley & Sons

Hedge funds and other institutional investors have recently bought and sold shares of the business. Lido Advisors LLC raised its position in John Wiley & Sons by 5.7% in the 3rd quarter. Lido Advisors LLC now owns 5,513 shares of the company’s stock valued at $223,000 after purchasing an additional 298 shares during the last quarter. NewEdge Advisors LLC increased its stake in shares of John Wiley & Sons by 3.3% in the fourth quarter. NewEdge Advisors LLC now owns 11,321 shares of the company’s stock valued at $347,000 after buying an additional 361 shares in the last quarter. Intech Investment Management LLC increased its stake in shares of John Wiley & Sons by 2.2% in the third quarter. Intech Investment Management LLC now owns 19,628 shares of the company’s stock valued at $794,000 after buying an additional 422 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of John Wiley & Sons by 3.6% in the fourth quarter. Captrust Financial Advisors now owns 12,203 shares of the company’s stock valued at $374,000 after buying an additional 429 shares during the last quarter. Finally, EverSource Wealth Advisors LLC lifted its position in John Wiley & Sons by 519.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock worth $25,000 after buying an additional 473 shares in the last quarter. 73.94% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Trading Down 0.9%

The company’s 50-day moving average is $41.52 and its 200-day moving average is $35.72. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.57 and a current ratio of 0.59. The firm has a market cap of $2.29 billion, a price-to-earnings ratio of 15.65 and a beta of 0.80.

About John Wiley & Sons

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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.

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