John Wiley & Sons (NYSE: JW.A) has recently received a number of price target changes and ratings updates:

  • 9/26/2017 – John Wiley & Sons had its “hold” rating reaffirmed by analysts at Stifel Nicolaus.
  • 9/19/2017 – John Wiley & Sons was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “John Wiley & Sons, which has outpaced the industry in a year, 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.”
  • 9/18/2017 – John Wiley & Sons was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $61.00 price target on the stock. According to Zacks, “John Wiley & Sons, which has outpaced the industry in a year, 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.”
  • 9/12/2017 – John Wiley & Sons was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. 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.”
  • 9/11/2017 – John Wiley & Sons was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $59.00 price target on the stock. 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.”
  • 9/7/2017 – John Wiley & Sons was downgraded by analysts at TheStreet from a “b-” rating to a “c” rating.
  • 8/22/2017 – John Wiley & Sons had its “hold” rating reaffirmed by analysts at Stifel Nicolaus. They now have a $53.00 price target on the stock, down previously from $54.00. They wrote, “We have for a long while touted the power of the Tiffany brand and still compelling longer-term growth opportunities for the chain. Recently, we have assumed a more constructive nearer-term stance toward TIF, owing to the potential for ‎better financial and operational controls and stepped-up new product launches, under the guidance of a new senior management team and an active, activist investor. We look upon the largely in-line Q2 (Jul.) results and updated FY17 (Jan. 2018) guidance that TIF announced today as solid. Overall, sales held up as the company seemed to better manage expenses.””
  • 8/11/2017 – John Wiley & Sons was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “John Wiley & Sons, which has outpaced the industry in the past three months, is metamorphosing to a more digital services oriented company. Revenues from digital sources increased to 68% in fiscal 2017 from 63% in fiscal 2016. It has resorted to aggressive restructuring to boost margins and has laid emphasis on developing IT infrastructure. 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. These efforts aided it to post third straight quarter of earnings beat and register year-over-year growth, when it reported fourth-quarter fiscal 2017 results. Top line also beat the estimate after missing the same in the preceding quarter. In fiscal 2018, management envisions adjusted earnings at constant currency to decline by low-single digits. Both revenues and operating income is expected to be nearly flat year over year.”

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

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 25th. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.32 per share. The ex-dividend date is Friday, October 6th. This represents a $1.28 dividend on an annualized basis and a dividend yield of Infinity. John Wiley & Sons’s dividend payout ratio (DPR) is presently 80.50%.

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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