John Wiley & Sons (WLY) to Release Quarterly Earnings on Thursday

John Wiley & Sons (NYSE:WLY) is scheduled to be issuing its quarterly earnings data before the market opens on Thursday, September 7th.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings data on Thursday, June 15th. The company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.99 by $0.46. The business had revenue of $526.13 million for the quarter. John Wiley & Sons had a return on equity of 20.42% and a net margin of 0.85%. During the same period in the previous year, the firm earned $1.08 EPS.

John Wiley & Sons Stock Performance

NYSE WLY opened at $37.16 on Friday. The company has a market cap of $2.05 billion, a P/E ratio of 128.14 and a beta of 0.99. The company has a debt-to-equity ratio of 0.71, a quick ratio of 0.57 and a current ratio of 0.60. The business’s 50 day moving average price is $34.69 and its 200-day moving average price is $37.07. John Wiley & Sons has a fifty-two week low of $30.05 and a fifty-two week high of $49.58.

John Wiley & Sons Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, July 6th were issued a dividend of $0.35 per share. The ex-dividend date was Wednesday, July 5th. This represents a $1.40 dividend on an annualized basis and a yield of 3.77%. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s payout ratio is presently 482.76%.

Insider Activity at John Wiley & Sons

In related news, Director David C. Dobson acquired 3,000 shares of the firm’s stock in a transaction that occurred on Monday, June 26th. The stock was purchased at an average cost of $31.66 per share, for a total transaction of $94,980.00. Following the purchase, the director now directly owns 7,952 shares of the company’s stock, valued at approximately $251,760.32. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.79% of the stock is owned by company insiders.

Institutional Investors Weigh In On John Wiley & Sons

A number of hedge funds have recently made changes to their positions in WLY. BlackRock Inc. grew its stake in shares of John Wiley & Sons by 38.0% during the second quarter. BlackRock Inc. now owns 6,932,640 shares of the company’s stock worth $235,918,000 after acquiring an additional 1,909,145 shares during the last quarter. Vanguard Group Inc. acquired a new stake in John Wiley & Sons in the 3rd quarter worth approximately $175,812,000. State Street Corp acquired a new stake in John Wiley & Sons in the 3rd quarter worth approximately $174,063,000. Dimensional Fund Advisors LP boosted its stake in John Wiley & Sons by 7.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,620,291 shares of the company’s stock worth $62,818,000 after purchasing an additional 111,954 shares in the last quarter. Finally, Palisade Capital Management LP boosted its stake in John Wiley & Sons by 1.1% in the 4th quarter. Palisade Capital Management LP now owns 950,295 shares of the company’s stock worth $38,069,000 after purchasing an additional 10,060 shares in the last quarter. 84.57% of the stock is currently owned by hedge funds and other institutional investors.

About John Wiley & Sons

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.