John Wiley & Sons (NYSE:WLY) Announces Quarterly Earnings Results, Beats Estimates By $0.09 EPS

John Wiley & Sons (NYSE:WLY) issued its quarterly earnings results on Thursday. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.88 by $0.09, Briefing.com reports. John Wiley & Sons had a positive return on equity of 21.59% and a negative net margin of 6.00%. The business had revenue of $426.60 million during the quarter, compared to analysts’ expectations of $420.00 million. The company’s revenue was down 13.4% on a year-over-year basis. John Wiley & Sons updated its FY25 guidance to $3.25-$3.60 EPS.

John Wiley & Sons Trading Down 4.1 %

Shares of NYSE WLY traded down $2.05 during midday trading on Thursday, reaching $47.42. The stock had a trading volume of 19,012 shares, compared to its average volume of 335,022. John Wiley & Sons has a 12-month low of $29.04 and a 12-month high of $53.96. The stock has a 50-day moving average of $50.46 and a 200-day moving average of $45.82. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.53 and a current ratio of 0.57.

John Wiley & Sons Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, October 24th. Shareholders of record on Tuesday, October 8th were issued a dividend of $0.352 per share. This represents a $1.41 annualized dividend and a yield of 2.97%. The ex-dividend date was Tuesday, October 8th. John Wiley & Sons’s dividend payout ratio is currently -70.50%.

Insider Activity at John Wiley & Sons

In related news, EVP Danielle Mcmahan sold 2,318 shares of the stock in a transaction dated Tuesday, October 8th. The stock was sold at an average price of $49.41, for a total transaction of $114,532.38. Following the completion of the sale, the executive vice president now owns 8,978 shares in the company, valued at approximately $443,602.98. This trade represents a 20.52 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.62% of the stock is owned by corporate insiders.

About John Wiley & Sons

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.