John Wiley & Sons (NYSE:WLY - Get Free Report)'s stock had its "hold (c)" rating reiterated by research analysts at Weiss Ratings in a report released on Tuesday,Weiss Ratings reports.
Separately, Wall Street Zen lowered John Wiley & Sons from a "strong-buy" rating to a "buy" rating in a report on Saturday, September 6th. One equities research analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock currently has a consensus rating of "Hold".
Check Out Our Latest Stock Analysis on John Wiley & Sons
John Wiley & Sons Price Performance
Shares of WLY traded up $0.47 during mid-day trading on Tuesday, hitting $37.06. 246,110 shares of the stock were exchanged, compared to its average volume of 445,485. The company has a market cap of $1.97 billion, a PE ratio of 20.82 and a beta of 1.03. John Wiley & Sons has a 52-week low of $35.94 and a 52-week high of $53.96. The firm has a 50-day moving average of $39.79 and a two-hundred day moving average of $41.10. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.61 and a current ratio of 0.65.
John Wiley & Sons (NYSE:WLY - Get Free Report) last released its quarterly earnings results on Tuesday, February 28th. The company reported $1.29 earnings per share for the quarter. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%.The company had revenue of $533.00 million for the quarter. On average, equities analysts predict that John Wiley & Sons will post 3.42 earnings per share for the current year.
John Wiley & Sons declared that its Board of Directors has approved a stock buyback plan on Thursday, June 26th that allows the company to repurchase $250.00 million in outstanding shares. This repurchase authorization allows the company to buy up to 10.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company's leadership believes its stock is undervalued.
Hedge Funds Weigh In On John Wiley & Sons
A number of hedge funds and other institutional investors have recently made changes to their positions in WLY. EverSource Wealth Advisors LLC grew 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 worth $25,000 after buying an additional 473 shares in the last quarter. Northwestern Mutual Wealth Management Co. bought a new position in shares of John Wiley & Sons during the 1st quarter worth $29,000. Trust Co. of Toledo NA OH bought a new position in shares of John Wiley & Sons during the 2nd quarter worth $31,000. Whittier Trust Co. bought a new position in shares of John Wiley & Sons during the 2nd quarter worth $33,000. Finally, State of Wyoming grew its position in shares of John Wiley & Sons by 23.6% during the 1st quarter. State of Wyoming now owns 1,298 shares of the company's stock worth $58,000 after buying an additional 248 shares in the last quarter. Institutional investors own 73.94% of the company's stock.
John Wiley & Sons Company Profile
(
Get Free Report)
John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.
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