JOHN WILEY & SONS -CL A (JW.A) Rating Increased to Hold at Zacks Investment Research

JOHN WILEY & SONS -CL A (NYSE:JW.A) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

According to Zacks, “Shares of John Wiley & Sons’ have lagged the industry in the six months. The stock declined further owing to its soft second quarter fiscal 2019 results and drab fiscal view. Both top and bottom lines came below the Zacks Consensus Estimate and declined year over year. Sales continued to fall in the Publishing segment, which is expected to remain challenging during fiscal 2019. Moreover, the company continues to expect adjusted earnings to fall in mid-single digits. However, the company’s Research and Solution division has been performing well. Moving on, John Wiley & Sons’ focus on transforming into a more digital-service oriented company should help it tackle these headwinds. Further, the company’s focus on enhancing operational efficiency and reducing costs bode well. Also, its recent acquisition of The Learning House will enable it to strengthen its position in the fast-growing education services market.”

Shares of NYSE:JW.A traded down $0.52 during trading on Monday, hitting $50.45. The company’s stock had a trading volume of 1,526 shares, compared to its average volume of 334,750. JOHN WILEY & SONS -CL A has a 12 month low of $44.67 and a 12 month high of $71.75. The stock has a market capitalization of $2.89 billion, a PE ratio of 14.71 and a beta of 1.02. The company has a quick ratio of 0.73, a current ratio of 0.79 and a debt-to-equity ratio of 0.46.

JOHN WILEY & SONS -CL A (NYSE:JW.A) last released its earnings results on Thursday, December 6th. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.90 by ($0.01). JOHN WILEY & SONS -CL A had a return on equity of 15.38% and a net margin of 10.77%. The firm had revenue of $448.62 million for the quarter, compared to the consensus estimate of $452.78 million. Analysts expect that JOHN WILEY & SONS -CL A will post 3.02 earnings per share for the current fiscal year.

JOHN WILEY & SONS -CL A Company Profile

John Wiley & Sons, Inc provides knowledge and knowledge-enabled services in the areas of research, professional practice and education. The Company operates through three segments: Research, Professional Development and Education. Through the Research segment, the Company provides digital and print scientific, technical, medical and scholarly journals, reference works, books, database services and advertising.

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