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) posted its quarterly earnings results on Thursday. The company reported $0.49 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.17, Zacks reports. The firm had revenue of $396.80 million during the quarter, compared to analysts' expectations of $375.00 million. John Wiley & Sons had a net margin of 5.82% and a return on equity of 27.31%.

John Wiley & Sons Price Performance

NYSE:WLYB traded up $2.87 during trading hours on Tuesday, hitting $42.72. The company's stock had a trading volume of 263 shares, compared to its average volume of 177. The business's 50-day moving average is $40.63 and its two-hundred day moving average is $41.86. The company has a market capitalization of $2.28 billion, a PE ratio of 24.00 and a beta of 0.81. The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.61 and a current ratio of 0.65. John Wiley & Sons has a 52-week low of $37.27 and a 52-week high of $52.90.

John Wiley & Sons Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Tuesday, July 8th were given a $0.355 dividend. The ex-dividend date was Tuesday, July 8th. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.42 annualized dividend and a yield of 3.3%. John Wiley & Sons's dividend payout ratio (DPR) is currently 79.78%.

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.