John Wiley & Sons, Inc. (JW.A) Downgraded to “Hold” at Zacks Investment Research

Zacks Investment Research cut shares of John Wiley & Sons, Inc. (NYSE:JW.A) from a buy rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “John Wiley & Sons, which has outpaced the industry in the past six months, is metamorphosing in to a more digital-service oriented company. Moreover, it is focusing on building a more favorable product mix as digital services/products generate higher margins and are likely to offset the waning print revenue. Recently, the company reported solid first-quarter fiscal 2018 results, wherein both the top and bottom line improved year over year and also beat the Zacks Consensus Estimate. Results were primarily driven by gains from Atypon’s buyout. Further, strength in the Research and Solutions divisions compensated for the softness in the Publishing division that stemmed from lower print book sales. In fiscal 2018, management continues to envision adjusted earnings at constant currency to decline by low-single digits. Both revenues and operating income is anticipated to be nearly flat year over year.”

Other analysts have also recently issued reports about the company. Stifel Nicolaus reaffirmed a hold rating and set a $54.00 price objective on shares of John Wiley & Sons in a research report on Wednesday, July 19th. TheStreet cut John Wiley & Sons from a b- rating to a c rating in a research report on Thursday, September 7th.

John Wiley & Sons (NYSE:JW.A) last posted its quarterly earnings data on Thursday, September 7th. The company reported $0.59 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.62 by ($0.03). The firm had revenue of $411.40 million for the quarter, compared to the consensus estimate of $406.41 million. John Wiley & Sons had a net margin of 5.32% and a return on equity of 17.78%. The business’s revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.52 earnings per share.

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John Wiley & Sons Company Profile

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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