John Wiley & Sons (NYSE:WLYB) Sees Strong Trading Volume - Here's Why

Key Points

• John Wiley & Sons experienced a significant trading volume increase of 51%, with approximately 263 shares traded compared to the previous session's 174 shares, pushing the stock price to $40.34.
• The company reported $1.37 earnings per share, surpassing analysts' estimates of $1.27, with revenues reaching $442.58 million against expectations of $435 million.
• John Wiley & Sons announced a quarterly dividend increase to $0.355 per share, offering a yield of 3.6%, which showcases a strong dividend payout ratio of 92.81%.

Shares of John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) saw unusually-high trading volume on Wednesday . Approximately 263 shares traded hands during mid-day trading, an increase of 51% from the previous session's volume of 174 shares.The stock last traded at $40.34 and had previously closed at $39.85.

John Wiley & Sons Price Performance

The company has a current ratio of 0.65, a quick ratio of 0.61 and a debt-to-equity ratio of 1.12. The business has a 50-day moving average price of $40.71 and a 200 day moving average price of $41.85. The stock has a market cap of $2.21 billion, a PE ratio of 23.26 and a beta of 0.81.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.49 EPS for the quarter, beating analysts' consensus estimates of $0.32 by $0.17. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%.The firm had revenue of $396.80 million for the quarter, compared to analysts' expectations of $375.00 million.

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Tuesday, July 8th were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.4%. This is a boost from John Wiley & Sons's previous quarterly dividend of $0.35. John Wiley & Sons's payout ratio is currently 79.78%.

Institutional Trading of John Wiley & Sons

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

John Wiley & Sons Company Profile

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.