John Wiley & Sons (JW-A
JW-A’s Earnings in Brief
John Wiley & Sons reported fourth quarter revenues of $457 million, up from 2% (on a constant currency basis) from $441 million reported last year. Adjusted EPS for the quarter came in at 77 cents, up 4% (on a constant currency basis) from last year’s Q4 EPS of 71 cents. JW-A’s results beat analysts’ estimates of 71 cents EPS on revenues of $441 million. For the full-year, John Wiley reported EPS of $3.05 on revenues of $1.78 billion. Looking ahead to next year, John Wiley sees FY2015 EPS in the range of $3.25 to $3.35.CEO Commentary
Wiley president and CEO Steve Smith had the following comments about the company’s Q4 and full-year results: "We are very pleased with our operational performance this year, including our continued progress in expanding Wiley's depth and breadth as a provider of knowledge-enabled solutions. We exceeded our annual guidance for adjusted revenue growth and earnings, successfully executed on our restructuring plans to achieve a lower and more flexible cost structure, and recently acquired two companies that position Wiley to become a solutions leader in professional learning and development. Our share of revenue from print books is down to 29%, and through organic investment and targeted acquisitions, and by integrating content, technology, and services, we have accelerated our strategy to provide professionals, students, and researchers with valued solutions that serve their needs from education through employment."
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JW-A’s Dividend
John Wiley & Sons did not mention a change to its dividend in its earnings release, but we expect the company to announce an increase to its dividend in the coming weeks.
Stock Performance
John Wiley stock was inactive in pre-market trading. YTD, the company’s stock is up 5.58%.
JW-A Dividend SnapshotAs of Market Close on June 16, 2014
Click here to see the complete history of JW-A dividends.
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