Wiley (JOHN) & Sons, Inc. Stock Price, News & Analysis

Wiley (NYSE: WLY, WLYB) has declared a quarterly cash dividend of $0.3475 per share on its Class A and Class B Common Stock. This dividend will be payable on January 11, 2023, to shareholders of record on December 27, 2022. The dividend represents an annual increase to $1.39 per share, up from $1.38 in Fiscal 2022. This marks the 29th consecutive year that Wiley has raised its quarterly dividend, reflecting strong confidence in its financial performance and commitment to returning value to shareholders.

Wiley (NYSE: WLY) reported Q2 results for the period ending October 31, 2022, showing revenue of $515 million, down 3% YoY, with operating income decreasing by 22% to $57 million. GAAP EPS dropped 31% to $0.68. Adjusted results reflect a slight revenue growth of 1% at constant currency, but adjusted EPS fell 13% to $1.20. Due to consumer spending and enrollment challenges, the fiscal 2023 revenue outlook has been lowered to $2,110 - $2,150 million, while adjusted EBITDA guidance remains reaffirmed. Cash flow remains impacted by subscription collection timing.

Wiley (NYSE: WLY) will release its second quarter 2023 results before market open on December 7, 2022. A conference call is scheduled for 10 am ET to discuss the results. Investors can access the live audio webcast and presentation slides through Wiley's Investor Relations website. The conference call invites both US and Canada callers, as well as international participants, providing specific dial-in codes for ease of access. This event is crucial for stakeholders to gain insights into Wiley's financial performance.

Wiley (NYSE: WLY) has launched 'Wiley Partner Solutions' ahead of the Frankfurt Book Fair, aimed at aiding organizations in adapting to the open research environment. The new division will provide digital platforms and publishing solutions to support scholarly publishing. Led by Dr. Guido F. Herrmann, Wiley Partner Solutions will enhance the publishing process from manuscript submission to publication. Current partners include AAAS and IEEE. Recent initiatives highlight Wiley's commitment to innovation and collaboration in making research more accessible.

Wiley (NYSE: WLY and WLYB) has declared a quarterly cash dividend of $0.3475 per share on its Class A and B Common Stock. This dividend is payable on October 26, 2022, to shareholders of record as of October 11, 2022. The annual dividend now totals $1.39 per share, marking an increase from $1.38 in Fiscal 2022. This increase represents Wiley's 29th consecutive year of raising its quarterly dividend.