John Wiley & Sons (WLY) surged 5.28% intraday on Wednesday after announcing an increase in its Fiscal 2026 share repurchase allocation to $100 million, up from $60 million in Fiscal 2025. The company also reaffirmed its full-year guidance for adjusted EBITDA margin and adjusted EPS, bolstering investor confidence.
The publisher has already repurchased approximately $35 million worth of shares in the first half of Fiscal 2026 and aims to complete the remaining $65 million by April 30, 2026. Additionally, Wiley's Board of Directors approved a new $250 million share repurchase authorization, replacing the prior $200 million limit.
This aggressive buyback strategy, coupled with a recent dividend increase, signals strong financial health and a commitment to returning value to shareholders. The market responded positively to these announcements, driving the stock higher during the trading session.
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