John Wiley & Sons (NYSE:WLY) Issues Earnings Results

John Wiley & Sons (NYSE:WLY) announced its quarterly earnings data on Tuesday. The company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.65 by $0.02, Zacks reports. John Wiley & Sons had a net margin of 9.24% and a return on equity of 28.38%.

John Wiley & Sons Stock Down 2.0%

NYSE:WLY opened at $43.27 on Tuesday. John Wiley & Sons has a twelve month low of $28.38 and a twelve month high of $45.64. The company has a market cap of $2.22 billion, a price-to-earnings ratio of 15.08 and a beta of 0.80. The stock has a fifty day simple moving average of $41.41 and a 200-day simple moving average of $35.66. The company has a current ratio of 0.59, a quick ratio of 0.57 and a debt-to-equity ratio of 1.06.

John Wiley & Sons Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, April 23rd. Stockholders of record on Tuesday, April 7th were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 3.3%. The ex-dividend date was Tuesday, April 7th. John Wiley & Sons’s dividend payout ratio (DPR) is 49.48%.

Analyst Ratings Changes

WLY has been the subject of a number of analyst reports. Zacks Research downgraded John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a research 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 research note on Friday, May 29th. Two investment analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has a consensus rating of “Hold”.

Institutional Trading of John Wiley & Sons

Several institutional investors and hedge funds have recently made changes to their positions in the business. Meeder Asset Management Inc. bought a new stake in shares of John Wiley & Sons in the fourth quarter valued at about $138,000. Lido Advisors LLC grew its stake in John Wiley & Sons by 5.7% in the third 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. Aquatic Capital Management LLC purchased a new position in John Wiley & Sons in the third quarter valued at about $150,000. Creative Planning purchased a new position in John Wiley & Sons in the third quarter valued at about $215,000. Finally, iSAM Funds UK Ltd purchased a new position in John Wiley & Sons in the third quarter valued at about $146,000. 73.94% of the stock is currently owned by institutional investors.

About John Wiley & Sons

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.