Shares of John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) saw an uptick in trading volume on Wednesday following a better than expected earnings announcement. 2,052 shares were traded during trading, an increase of 209% from the previous session's volume of 665 shares.The stock last traded at $42.37 and had previously closed at $37.27.
The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.10. John Wiley & Sons had a return on equity of 26.43% and a net margin of 2.43%. The business had revenue of $442.58 million for the quarter, compared to analysts' expectations of $435.00 million.
John Wiley & Sons Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Stockholders of record on Tuesday, April 8th were given a dividend of $0.3525 per share. The ex-dividend date was Tuesday, April 8th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.33%. John Wiley & Sons's dividend payout ratio (DPR) is currently 190.54%.
Institutional Trading of John Wiley & Sons
An institutional investor recently bought a new position in John Wiley & Sons stock. Gabelli Funds LLC purchased a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm 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.
John Wiley & Sons Price Performance
The stock has a market capitalization of $2.28 billion, a PE ratio of 57.23 and a beta of 0.68. The company has a debt-to-equity ratio of 1.28, a current ratio of 0.55 and a quick ratio of 0.52. The firm's 50 day simple moving average is $42.02 and its 200 day simple moving average is $42.78.
John Wiley & Sons Company Profile
(
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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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