John Wiley & Sons (NYSE:WLYB) Reaches New 12-Month Low - Here's What Happened

Key Points

• John Wiley & Sons' stock reached a new 52-week low of $36.35, down from a previous close of $40.34, with a total volume of 600 shares exchanged.
• The company reported quarterly earnings of $0.49 per share, exceeding analyst estimates of $0.32, alongside a revenue of $396.80 million.
• John Wiley & Sons announced a quarterly dividend of $0.355 per share to be paid on October 23rd, reflecting a dividend yield of 3.9%.

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report)'s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $36.35 and last traded at $36.35, with a volume of 600 shares trading hands. The stock had previously closed at $40.34.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a "hold (c-)" rating on shares of John Wiley & Sons in a research report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has an average rating of "Hold".

John Wiley & Sons Price Performance

The company has a 50-day moving average price of $40.03 and a two-hundred day moving average price of $41.50. The company has a market cap of $1.93 billion, a PE ratio of 10.99 and a beta of 0.81. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.61.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last released its quarterly earnings results on Thursday, September 4th. The company reported $0.49 earnings per share for the quarter, beating analysts' consensus estimates of $0.32 by $0.17. The business had revenue of $396.80 million during the quarter, compared to analyst estimates 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 7th will be issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend is Tuesday, October 7th. John Wiley & Sons's dividend payout ratio (DPR) is currently 79.78%.

Institutional Trading of John Wiley & Sons

A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC purchased a new position in shares of John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 4,500 shares of the company's stock, valued at approximately $201,000. Hedge funds and other institutional investors own 0.49% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.