John Wiley & Sons Inc. (JW.A) Stock Rating Upgraded by Zacks Investment Research
John Wiley & Sons Inc. (NYSE:JW.A) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Tuesday.
According to Zacks, “John Wiley commenced fiscal 2017 on a soft note, wherein both top and bottom-line missed our estimates and also declined year over year. While earnings were hurt by high technological costs and weak revenues, the latter largely bore the brunt of lower sales of printed books due to soft overall demand. Evidently, revenues for printed educational text books plunged 28%. In order to counter these headwinds, John Wiley is on track to transform into a more digital services oriented company, though these efforts will take time to reap results. Additionally, currency woes that hurt sales and earnings in the reported quarter, remain concerns going forward. Nevertheless, the company hiked its quarterly dividend, which along with its share buybacks should draw investors’ attention. Its latest deal to buy Atypon further reflects its focus on achieving growth via acquisitions.”
Several other research firms have also recently weighed in on JW.A. Sidoti assumed coverage on John Wiley & Sons in a report on Wednesday, September 28th. They set a “buy” rating for the company. TheStreet cut John Wiley & Sons from a “buy” rating to a “hold” rating in a report on Tuesday, October 4th.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, October 19th. Stockholders of record on Tuesday, October 4th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of Infinity. The ex-dividend date of this dividend was Friday, September 30th. John Wiley & Sons’s payout ratio is 50.20%.
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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