Why Wiley Stock Dropped 8% Today
John Wiley & Sons(WLY) The Motley Fool·2024-09-05 23:33
At 19 times projected free cash flow, Wiley stock remains expensive even after its sell-off. Publishing house John Wiley & Sons (WLY -8.71%) (JW.B -10.87%) tumbled 8.4% through 10:40 a.m. ET Thursday after reporting mixed earnings in its fiscal Q1 2025 report this morning. Analysts forecast the research and educational publisher would earn $0.55 per share (adjusted for one-time items) on $387.4 million in Q1. Wiley reported better-than-expected sales of $403.8 million, but earnings were worse than expected ...