John Wiley & Sons (NYSE:WLY) Sets New 1-Year High on Strong Earnings

John Wiley & Sons, Inc. (NYSE:WLYGet Free Report)’s share price hit a new 52-week high during mid-day trading on Wednesday following a better than expected earnings announcement. The company 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, topping analysts’ consensus estimates of $1.65 by $0.02. John Wiley & Sons had a net margin of 9.24% and a return on equity of 28.38%. The company had revenue of $447.94 million for the quarter, compared to analyst estimates of $450.00 million. During the same period in the prior year, the business earned $1.37 earnings per share. John Wiley & Sons’s quarterly revenue was up 1.2% on a year-over-year basis. John Wiley & Sons has set its FY 2027 guidance at 4.600-5.050 EPS.

John Wiley & Sons Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, April 7th were issued a dividend of $0.355 per share. 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 dividend payout ratio is currently 49.48%.

Trending Headlines about John Wiley & Sons

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Wall Street Analysts Forecast Growth

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

Check Out Our Latest Research Report on John Wiley & Sons

Institutional Trading of John Wiley & Sons

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

John Wiley & Sons Stock Down 0.9%

The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.06. The firm’s fifty day moving average price is $41.52 and its 200-day moving average price is $35.72. The company 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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