The numbers: Fiscal second-quarter profit increased 15% to $46 million, or 78 cents a share, as revenue grew 3.7% to $448 million. The operating margin expanded from 16% to 19%. John Wiley & Sons holds $61 million of cash and $853 million of debt.
The stock: John Wiley & Sons has increased 43% during the past 12 months, lagging behind U.S. benchmarks. The stock trades at a price-to-projected-earnings ratio of 15, on par with competitors' shares. It is cheap based on sales and cash flow.