John Wiley & Sons (NYSE:WLY) Hits New 52-Week High – Should You Buy?

John Wiley & Sons, Inc. (NYSE:WLYGet Free Report) shares hit a new 52-week high during trading on Thursday . The company traded as high as $51.70 and last traded at $51.0130, with a volume of 558606 shares changing hands. The stock had previously closed at $48.51.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on WLY shares. Weiss Ratings raised John Wiley & Sons from a “hold (c)” rating to a “hold (c+)” rating in a research report on Friday, May 29th. Zacks Research lowered John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 15th. Two equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, John Wiley & Sons currently has a consensus rating of “Hold”.

Get Our Latest Stock Analysis on John Wiley & Sons

John Wiley & Sons Stock Up 5.2%

The stock has a fifty day simple moving average of $43.08 and a two-hundred day simple moving average of $36.68. The firm has a market cap of $2.62 billion, a PE ratio of 12.06 and a beta of 0.78. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

John Wiley & Sons (NYSE:WLYGet Free Report) last announced its quarterly earnings results on Tuesday, June 16th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.02. John Wiley & Sons had a net margin of 13.22% and a return on equity of 29.01%. The firm had revenue of $447.94 million for the quarter, compared to the consensus estimate of $450.00 million. During the same period in the prior year, the firm posted $1.37 earnings per share. The company’s revenue for the quarter was up 1.2% on a year-over-year basis. John Wiley & Sons has set its FY 2027 guidance at 4.600-5.050 EPS. As a group, sell-side analysts expect that John Wiley & Sons, Inc. will post 4.8 EPS for the current fiscal year.

John Wiley & Sons Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Tuesday, July 7th will be paid a $0.3575 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $1.43 annualized dividend and a yield of 2.8%. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s dividend payout ratio is currently 33.57%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in WLY. Lido Advisors LLC raised its position in shares of John Wiley & Sons by 5.7% in the third quarter. Lido Advisors LLC now owns 5,513 shares of the company’s stock worth $223,000 after buying an additional 298 shares in the last quarter. NewEdge Advisors LLC increased its stake in John Wiley & Sons by 3.3% in the 4th quarter. NewEdge Advisors LLC now owns 11,321 shares of the company’s stock worth $347,000 after acquiring an additional 361 shares during the last quarter. Intech Investment Management LLC raised its holdings in shares of John Wiley & Sons by 2.2% in the 3rd quarter. Intech Investment Management LLC now owns 19,628 shares of the company’s stock valued at $794,000 after acquiring an additional 422 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of John Wiley & Sons by 3.6% during the 4th quarter. Captrust Financial Advisors now owns 12,203 shares of the company’s stock valued at $374,000 after acquiring an additional 429 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in shares of John Wiley & Sons by 519.8% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 564 shares of the company’s stock valued at $25,000 after acquiring an additional 473 shares during the last quarter. Institutional investors own 73.94% of the company’s stock.

About John Wiley & Sons

(Get Free Report)

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.

Further Reading

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