Share Repurchase Program Initiated by John Wiley & Sons (NYSE:WLY) Board

Key Points

• John Wiley & Sons' Board of Directors has authorized a share buyback program worth $250 million, allowing the company to repurchase up to 11.7% of its stock.
• The company reported EPS of $0.49 for the last quarter, falling short of analyst expectations, while revenue was $396.8 million, exceeding estimates.
• A quarterly dividend of $0.355 per share will be paid on October 23rd, with an annualized yield of 3.6%.

John Wiley & Sons (NYSE:WLY - Get Free Report) declared that its Board of Directors has authorized a share buyback plan on Thursday, September 25th, RTT News reports. The company plans to buyback $250.00 million in shares. This buyback authorization permits the company to reacquire up to 11.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is undervalued.

Analyst Ratings Changes

Separately, Wall Street Zen lowered John Wiley & Sons from a "strong-buy" rating to a "buy" rating in a research report on Saturday, September 6th.

John Wiley & Sons Trading Down 1.1%

Shares of NYSE:WLY traded down $0.43 during trading on Thursday, reaching $39.68. The company's stock had a trading volume of 235,204 shares, compared to its average volume of 396,133. The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 1.12. John Wiley & Sons has a 12 month low of $36.10 and a 12 month high of $53.96. The firm's 50 day simple moving average is $39.94 and its two-hundred day simple moving average is $41.64. The stock has a market capitalization of $2.11 billion, a PE ratio of 22.29 and a beta of 1.02.

John Wiley & Sons (NYSE:WLY - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.49 EPS for the quarter, missing analysts' consensus estimates of $0.50 by ($0.01). The business had revenue of $396.80 million during the quarter, compared to the consensus estimate of $375.00 million. John Wiley & Sons had a net margin of 5.82% and a return on equity of 27.31%. The firm's revenue was down 1.7% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. John Wiley & Sons has set its FY 2026 guidance at 3.900-4.350 EPS. On average, research analysts predict that John Wiley & Sons will post 3.42 EPS for the current fiscal year.

John Wiley & Sons Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 7th will be paid a $0.355 dividend. The ex-dividend date of this dividend is Tuesday, October 7th. This represents a $1.42 annualized dividend and a yield of 3.6%. John Wiley & Sons's dividend payout ratio (DPR) is presently 79.78%.

John Wiley & Sons Company Profile

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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