John Wiley & Sons (NYSE:WLY) Stock Breaks Below Fifty Day Moving Average – Here’s What Happened

Shares of John Wiley & Sons, Inc. (NYSE:WLY) crossed below its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of $49.99 and traded as low as $49.33. John Wiley & Sons shares last traded at $49.4930, with a volume of 293,595 shares.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on WLY shares. Weiss Ratings lowered John Wiley & Sons from a “buy (b-)” rating to a “hold (c)” rating in a report on Tuesday, September 8th. Wall Street Zen downgraded John Wiley & Sons from a “strong-buy” rating to a “hold” rating in a research note on Saturday, September 12th. Two investment analysts have rated the stock with a Hold rating. According to MarketBeat.com, the stock currently has a consensus rating of “Hold”.

John Wiley & Sons Price Performance

The company has a market capitalization of $2.51 billion, a P/E ratio of 13.09, a P/E/G ratio of 1.42 and a beta of 0.75. The business’s 50-day simple moving average is $49.99 and its 200 day simple moving average is $44.18. The company has a current ratio of 0.64, a quick ratio of 0.61 and a debt-to-equity ratio of 1.60.

John Wiley & Sons (NYSE:WLY) last announced its quarterly earnings data on Thursday, September 3rd. The company reported $0.44 EPS for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04. John Wiley & Sons had a return on equity of 27.99% and a net margin of 11.90%. The company had revenue of $386.36 million during the quarter, compared to the consensus estimate of $380.20 million. During the same quarter in the prior year, the firm earned $0.49 EPS. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. John Wiley & Sons has set its FY 2027 guidance at 4.600-5.050 EPS. As a group, sell-side analysts anticipate that John Wiley & Sons, Inc. will post 4.80 EPS for the current year.

John Wiley & Sons Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Tuesday, October 6th were given a dividend of $0.3575 per share. The ex-dividend date of this dividend was Tuesday, October 6th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.9%. John Wiley & Sons’s payout ratio is 37.83%.

Hedge Funds Weigh In On John Wiley & Sons

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Optiver Holding B.V. acquired a new position in shares of John Wiley & Sons in the 1st quarter valued at $26,000. Farther Finance Advisors LLC raised its holdings in John Wiley & Sons by 44.1% during the 3rd quarter. Farther Finance Advisors LLC now owns 787 shares of the company’s stock worth $38,000 after buying an additional 241 shares during the period. Signaturefd LLC raised its holdings in John Wiley & Sons by 380.9% during the 3rd quarter. Signaturefd LLC now owns 832 shares of the company’s stock worth $40,000 after buying an additional 659 shares during the period. Sterling Capital Management LLC raised its holdings in John Wiley & Sons by 97.8% during the 3rd quarter. Sterling Capital Management LLC now owns 1,001 shares of the company’s stock worth $48,000 after buying an additional 495 shares during the period. Finally, Nisa Investment Advisors LLC raised its holdings in John Wiley & Sons by 49.8% during the 3rd quarter. Nisa Investment Advisors LLC now owns 2,226 shares of the company’s stock worth $106,000 after buying an additional 740 shares during the period. Institutional investors and hedge funds own 73.94% of the company’s stock.

About John Wiley & Sons

John Wiley & Sons, known as Wiley, is a global publishing and knowledge-services company. Founded in 1807 by Charles Wiley in New York, it has grown from a book publisher into a provider of research, education and professional-development resources. The company publishes scholarly journals, books and digital content across areas including science, technology, medicine, social sciences and the humanities. Its offerings also include online learning and assessment tools, professional training, and services that support research publishing and scholarly communication.