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

John Wiley & Sons (NYSE:WLY) is scheduled to issue its 07/31/2023 quarterly earnings data before the market opens on Thursday, September 7th. Analysts expect the company to announce earnings of $0.45 per share for the quarter. Parties that wish to register for the company’s conference call can do so using this link.

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

John Wiley & Sons Trading Down 2.2 %

John Wiley & Sons stock opened at $36.36 on Tuesday. The stock has a market cap of $2.01 billion, a PE ratio of 125.38 and a beta of 0.97. The stock has a 50-day moving average price of $34.90 and a 200 day moving average price of $36.79. John Wiley & Sons has a 52 week low of $30.05 and a 52 week high of $49.58. The company has a current ratio of 0.60, a quick ratio of 0.57 and a debt-to-equity ratio of 0.71.

John Wiley & Sons Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, July 6th were given a dividend of $0.35 per share. This represents a $1.40 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Wednesday, July 5th. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s dividend payout ratio (DPR) is currently 482.76%.

Insiders Place Their Bets

In other John Wiley & Sons news, Director David C. Dobson purchased 3,000 shares of the firm’s stock in a transaction on Monday, June 26th. The shares were purchased at an average cost of $31.66 per share, with a total value of $94,980.00. Following the purchase, the director now owns 7,952 shares in the company, valued at $251,760.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.79% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On John Wiley & Sons

Several hedge funds and other institutional investors have recently modified their holdings of WLY. BlackRock Inc. acquired a new position in shares of John Wiley & Sons in the 3rd quarter valued at about $187,724,000. Vanguard Group Inc. acquired a new position in shares of John Wiley & Sons in the 3rd quarter valued at about $175,812,000. State Street Corp acquired a new position in shares of John Wiley & Sons in the 3rd quarter valued at about $174,063,000. Norges Bank acquired a new position in shares of John Wiley & Sons in the 4th quarter valued at about $7,515,000. Finally, Goldman Sachs Group Inc. lifted its stake in shares of John Wiley & Sons by 23.4% in the 2nd quarter. Goldman Sachs Group Inc. now owns 864,240 shares of the company’s stock valued at $29,410,000 after purchasing an additional 163,940 shares in the last quarter. 84.57% of the stock is owned by institutional investors and hedge funds.

John Wiley & Sons Company Profile

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.