John Wiley & Sons (NYSE:WLYB) Sees Unusually-High Trading Volume - What's Next?

Key Points

• John Wiley & Sons experienced a significant trading volume increase of 199%, with 2,212 shares changing hands, prompting speculation on whether it is a good time to buy the stock.
• The company reported quarterly earnings of $0.49 per share, exceeding analysts’ expectations of $0.32, with revenues of $396.80 million, also above forecasts.
• John Wiley & Sons announced a slight increase in its quarterly dividend to $0.355 per share, resulting in an annualized dividend of $1.42 and a yield of 3.5%.

Shares of John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) saw unusually-strong trading volume on Monday . Approximately 2,212 shares were traded during mid-day trading, an increase of 199% from the previous session's volume of 739 shares.The stock last traded at $40.51 and had previously closed at $42.33.

John Wiley & Sons Stock Down 1.0%

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.61 and a current ratio of 0.65. The firm's 50-day moving average is $40.20 and its two-hundred day moving average is $41.95. The stock has a market cap of $2.15 billion, a P/E ratio of 22.71 and a beta of 0.81.

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

John Wiley & Sons Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Tuesday, July 8th were given a $0.355 dividend. This is a boost from John Wiley & Sons's previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, July 8th. This represents a $1.42 annualized dividend and a yield of 3.5%. John Wiley & Sons's dividend payout ratio is presently 79.78%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC acquired a new position in John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 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 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.