John Wiley & Sons Inc. (JW.A) Downgraded to Sell at Zacks Investment Research
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.”
Other research analysts also recently issued research reports about the stock. Sidoti initiated coverage on shares of John Wiley & Sons in a research note on Wednesday, September 28th. They issued a buy rating for the company. TheStreet downgraded shares of John Wiley & Sons from a buy rating to a hold rating in a research note on Tuesday, October 4th.
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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