John Wiley & Sons, Inc. (JW.A) Rating Increased to Buy at Zacks Investment Research

Zacks Investment Research upgraded shares of John Wiley & Sons, Inc. (NYSE:JW.A) from a hold rating to a buy rating in a research report sent to investors on Monday. They currently have $59.00 target price on the stock.

According to Zacks, “John Wiley & Sons, which has outpaced the industry in the past six months, is metamorphosing in to a more digital-service oriented company. Moreover, it is focusing on building a more favorable product mix as digital services/products generate higher margins and are likely to offset the waning print revenue. Recently, the company reported solid first-quarter fiscal 2018 results, wherein both the top and bottom line improved year over year and also beat the Zacks Consensus Estimate. Results were primarily driven by gains from Atypon’s buyout. Further, strength in the Research and Solutions divisions compensated for the softness in the Publishing division that stemmed from lower print book sales. In fiscal 2018, management continues to envision adjusted earnings at constant currency to decline by low-single digits. Both revenues and operating income is anticipated to be nearly flat year over year.”

JW.A has been the topic of several other research reports. TheStreet raised John Wiley & Sons from a c+ rating to a b- rating in a report on Tuesday, July 25th. Stifel Nicolaus reissued a hold rating and issued a $53.00 target price (down previously from $54.00) on shares of John Wiley & Sons in a report on Tuesday, August 22nd.

John Wiley & Sons (NYSE:JW.A) last announced its quarterly earnings data on Thursday, September 7th. The company reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.62 by ($0.03). The company had revenue of $411.40 million during the quarter, compared to analyst estimates of $406.41 million. John Wiley & Sons had a net margin of 5.32% and a return on equity of 17.78%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.52 earnings per share.

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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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