John Wiley & Sons (NYSE:WLY) Cut to “Hold” at Wall Street Zen

Wall Street Zen lowered shares of John Wiley & Sons (NYSE:WLY) from a strong-buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other equities research analysts also recently weighed in on WLY. Zacks Research downgraded shares of John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 15th. Weiss Ratings downgraded shares of John Wiley & Sons from a “buy (b-)” rating to a “hold (c)” rating in a research note on Tuesday, September 8th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

John Wiley & Sons Stock Performance

Shares of John Wiley & Sons stock opened at $48.46 on Friday. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.60. The company has a market cap of $2.46 billion, a PE ratio of 12.82, a price-to-earnings-growth ratio of 1.31 and a beta of 0.78. The company has a 50 day moving average of $51.21 and a 200-day moving average of $44.42. John Wiley & Sons has a 1-year low of $28.38 and a 1-year high of $57.45.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. John Wiley & Sons had a net margin of 11.90% and a return on equity of 27.99%. The business had revenue of $386.36 million for the quarter, compared to analysts’ expectations of $380.20 million. During the same period last year, the firm posted $0.49 earnings per share. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. John Wiley & Sons has set its FY 2027 guidance at 4.600-5.050 EPS. As a group, equities research analysts forecast that John Wiley & Sons will post 4.8 earnings per share for the current fiscal year.

John Wiley & Sons Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Tuesday, July 7th were given a $0.3575 dividend. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.43 annualized dividend and a yield of 3.0%. The ex-dividend date was Tuesday, July 7th. John Wiley & Sons’s dividend payout ratio is 37.83%.

Institutional Trading of John Wiley & Sons

Hedge funds and other institutional investors have recently made changes to their positions in the company. Engineers Gate Manager LP bought a new stake in John Wiley & Sons during the 2nd quarter worth approximately $335,000. Nykredit A S acquired a new position in John Wiley & Sons in the 2nd quarter valued at approximately $129,000. Corient Private Wealth LP raised its stake in shares of John Wiley & Sons by 94.9% during the second quarter. Corient Private Wealth LP now owns 34,685 shares of the company’s stock valued at $1,683,000 after acquiring an additional 16,889 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in shares of John Wiley & Sons during the second quarter valued at $233,000. Finally, California State Teachers Retirement System lifted its holdings in shares of John Wiley & Sons by 3,580.2% during the second quarter. California State Teachers Retirement System now owns 2,060,802 shares of the company’s stock worth $99,970,000 after purchasing an additional 2,004,805 shares during the period. 73.94% of the stock is currently owned by institutional investors.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc is a global publishing and education company that provides knowledge, learning and research resources to individuals, institutions and organizations. Founded in 1807 by Charles Wiley, the company has a long history of serving the academic, scientific, technical, professional and education markets.

Wiley publishes scholarly journals, research databases, reference materials, textbooks, professional books and digital learning products. Its offerings support researchers, educators, students and working professionals across areas including science, technology, business, finance, health, engineering and the social sciences.

The company distributes its products through print and digital channels, including online platforms, subscription services, institutional licenses and direct sales.