John Wiley & Sons, Inc. (JW.A) Stock Rating Lowered by Zacks Investment Research

John Wiley & Sons, Inc. (NYSE:JW.A) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued to investors on Wednesday, May 24th.

According to Zacks, “The impact of challenging Publishing-Books industry is clearly visible in the performance of John Wiley & Sons’ shares. The stock has declined 8.2% in the past six months, almost in line with the industry. The company continues to face soft demand for printed books, owing to the shift from print to digital along with an increased share of rentals. Additionally, currency woes that hurt sales in the third quarter also remain a concern going forward. Management envisions mid-single digit decline in earnings per share and low-single digit fall in revenue for fiscal 2017. Nevertheless, the company is metamorphosing to a more digital services oriented company. It has resorted to aggressive restructuring to boost margins and has laid emphasis on developing IT infrastructure. Moreover, it is focusing on building a more favorable product mix as digital services/ products generate higher margins. We note estimates have been stable lately.”

John Wiley & Sons (NYSE:JW.A) last issued its quarterly earnings results on Tuesday, June 13th. The company reported $0.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.54 by $0.28. The firm had revenue of $452.20 million during the quarter, compared to analyst estimates of $425.08 million. John Wiley & Sons had a return on equity of 17.39% and a net margin of 6.61%. The firm’s quarterly revenue was up 4.1% on a year-over-year basis. During the same period last year, the company posted $0.67 EPS.

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About John Wiley & Sons

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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