John Wiley & Sons (NYSE:WLY) to Repurchase $250.00 million in Stock

John Wiley & Sons (NYSE:WLY) announced that its board has authorized a stock buyback plan on Thursday, September 25th, RTT News reports. The company plans to buyback $250.00 million in outstanding shares. This buyback authorization authorizes the company to buy up to 11.7% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s board believes its stock is undervalued.

John Wiley & Sons Price Performance

Shares of John Wiley & Sons stock opened at $39.68 on Friday. 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 has a 52-week low of $36.10 and a 52-week high of $53.96. The company has a fifty day moving average of $39.94 and a 200-day moving average of $41.64. The stock has a market capitalization of $2.11 billion, a price-to-earnings ratio of 22.29 and a beta of 1.02.

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

John Wiley & Sons Dividend Announcement

The business also recently declared 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. This represents a $1.42 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date of this dividend is Tuesday, October 7th. John Wiley & Sons’s payout ratio is 79.78%.

Wall Street Analyst Weigh In

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

About John Wiley & Sons

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.