John Wiley & Sons (NYSE:WLY) Posts Quarterly Earnings Results, Beats Estimates By $0.02 EPS

John Wiley & Sons (NYSE:WLY) issued its earnings results on Tuesday. The company reported $1.67 EPS for the quarter, beating the consensus estimate 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 1-year low of $28.38 and a 1-year high of $45.64. The firm’s 50-day moving average price is $41.41 and its 200-day moving average price is $35.66. The company has a market capitalization of $2.22 billion, a PE ratio of 15.08 and a beta of 0.80. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.59 and a quick ratio of 0.57.

John Wiley & Sons Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, April 7th were given a dividend of $0.355 per share. This represents a $1.42 dividend on an annualized basis and a yield of 3.3%. The ex-dividend date of this dividend was Tuesday, April 7th. John Wiley & Sons’s payout ratio is presently 49.48%.

Hedge Funds Weigh In On John Wiley & Sons

Several institutional investors have recently made changes to their positions in the business. Invesco Ltd. lifted its stake in shares of John Wiley & Sons by 7.5% in the 4th quarter. Invesco Ltd. now owns 636,051 shares of the company’s stock worth $19,482,000 after purchasing an additional 44,493 shares during the period. Vident Advisory LLC increased its holdings in John Wiley & Sons by 9.8% in the 4th quarter. Vident Advisory LLC now owns 16,456 shares of the company’s stock worth $504,000 after acquiring an additional 1,465 shares in the last quarter. NewEdge Advisors LLC grew its holdings in John Wiley & Sons by 3.3% during the 4th quarter. NewEdge Advisors LLC now owns 11,321 shares of the company’s stock valued at $347,000 after buying an additional 361 shares in the last quarter. Empowered Funds LLC purchased a new stake in John Wiley & Sons during the 4th quarter valued at approximately $37,000. Finally, XTX Topco Ltd purchased a new stake in John Wiley & Sons during the 4th quarter valued at approximately $2,518,000. Institutional investors own 73.94% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. 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. Zacks Research downgraded shares of John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a report on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has an average rating of “Hold”.

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.