Wiley Announces CFO Transition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 18 2024
0mins
Source: Newsfilter
Leadership Transition: Christopher Caridi has been appointed as Interim Chief Financial Officer of Wiley, succeeding Christina Van Tassell who will leave the company on October 1, 2024. Caridi has over 35 years of corporate finance experience and has been with Wiley since 2017.
Company Performance: Wiley reported strong revenue and earnings growth for Q1 and reaffirmed its outlook for Fiscal 2025 and targets for Fiscal 2026, indicating ongoing momentum in their growth initiatives and value creation activities.
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Analyst Views on WLY
About WLY
John Wiley & Sons, Inc., is a publisher. The Company's content, services, platforms, and knowledge networks are tailored to meet the needs of its customers and partners, including researchers, students, instructors, professionals, institutions, and corporations. Its segments include Research, Learning and Held for Sale or Sold. Research segment provides peer-reviewed scientific, technical, and medical (STM) publishing, content platforms, and related services to academic, corporate, and government customers, academic societies, and individual researchers. Its journal publishing categories include the social sciences and humanities, and life sciences. Learning segment provides scientific, professional, and education print and digital books, digital courseware to libraries, corporations, students, professionals, and researchers, as well as assessment services to businesses and professionals. Its operations are located in the United States, United Kingdom, India, Sri Lanka, and Germany.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Benefits of Technology Transformation: This collaboration will enable Wiley to free up capital for high-return investments and allow its technology teams to focus on developing next-generation customer platforms and AI-driven solutions, thereby enhancing competitive advantage in the market.
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- Integration of Technology Operations: Virtusa has taken over Wiley's technology operations in Sri Lanka, leveraging over three decades of innovation experience to ensure continuity in Wiley's technology operations and respond rapidly to evolving customer needs.
See More
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See More
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- Market Trends: The current put:call ratio stands at 0.47, significantly lower than the long-term median of 0.65, suggesting an increased market expectation for future stock price appreciation, which could influence WLY's stock performance.
See More
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Earnings Growth Expectations: For the fiscal year, John Wiley & Sons anticipates solid earnings growth, with a Zacks Consensus Estimate of $4.00 per share for 2025, reflecting a year-over-year growth rate of 9.89%.
Investment Opportunities: The article highlights that while high-yielding stocks may struggle during rising interest rates, John Wiley & Sons is considered a compelling investment opportunity, currently holding a Zacks Rank of #3 (Hold).
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