John Wiley & Sons (NYSE:WLYB) Sees Unusually-High 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 an uptick in trading volume on Wednesday . 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 market cap of $2.12 billion, a P/E ratio of 22.30 and a beta of 0.81. The company has a fifty day simple moving average of $40.71 and a 200-day simple moving average of $41.84. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.54 and a quick ratio of 0.51.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.32 by $0.17. The company 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 27.33%.

John Wiley & Sons Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Tuesday, July 8th were given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 3.6%. The ex-dividend date was Tuesday, July 8th. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. John Wiley & Sons's payout ratio is currently 92.81%.

Institutional Investors Weigh In On John Wiley & Sons

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

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.