John Wiley & Sons (NYSE:WLYB) Issues Earnings Results

Key Points

• John Wiley & Sons reported Q2 earnings per share (EPS) of $0.49, exceeding analysts' expectations of $0.32, alongside revenue of $396.80 million versus a $375.00 million estimate.
• Despite a strong earnings report, the company's stock fell by 6.5%, trading at $37.28, with a market cap of $1.99 billion.
• The company announced an increase in its quarterly dividend to $0.355 per share, representing a 3.8% yield and a payout ratio of 92.81%.

John Wiley & Sons (NYSE:WLYB - Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.32 by $0.17, Zacks reports. The firm had revenue of $396.80 million for the quarter, compared to analyst estimates of $375.00 million. John Wiley & Sons had a return on equity of 27.42% and a net margin of 5.02%.

John Wiley & Sons Stock Down 6.5%

Shares of John Wiley & Sons stock opened at $37.28 on Thursday. The stock's fifty day moving average is $40.95 and its 200-day moving average is $41.85. The firm has a market capitalization of $1.99 billion, a PE ratio of 25.10 and a beta of 0.81. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.05. John Wiley & Sons has a 12-month low of $37.27 and a 12-month high of $52.90.

John Wiley & Sons Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Tuesday, July 8th were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Tuesday, July 8th. This is an increase from John Wiley & Sons's previous quarterly dividend of $0.35. John Wiley & Sons's dividend payout ratio (DPR) is presently 92.81%.

About John Wiley & Sons

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.

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