John Wiley & Sons Inc. (JW.A) released its fourth quarter results on Friday, June 11, 2021. The company reported net earnings of $0.73 per share for the fourth quarter ending April 30, 2021. Earnings for this past quarter were up 126 percent compared to the same period a year ago.
The company was founded in 1807 and is headquartered in Hoboken, New Jersey. John Wiley & Sons, Inc. operates as a research and learning company worldwide. The company operates through three segments: Research Publishing & Platforms, Academic & Professional Learning, and Education Services.
John Wiley & Sons' revenue increased 6 percent over the past trailing twelve-month period versus the previous twelve-month period. Gross margins decreased to 74.51% for the fourth quarter compared to the same period in the previous year, and operating margins increased to 11.14% over the same period. Net earnings for past trailing twelve months were $148.26 million, up 300% from the prior year.
Moving on to the balance sheet, John Wiley & Sons' cash levels dropped 54% for the fourth quarter over the same period last year. Overall liquidity of the balance sheet, as measured by the current ratio, decreased 19.75% this past year. The current ratio for John Wiley & Sons now stands at 0.53. The company decreased shares outstanding by 0.31%.
Shares of JW.A are currently trading around $62.04. In terms of valuation, the stock is trading at a trailing twelve-month price to earnings ratio of 23.57 and price to book ratio of 3.22.
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This article was written by Value Investing News (https://www.valueinvestingnews.com) on Monday, June 14, 2021.