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

Key Points

• John Wiley & Sons, Inc. experienced a significant increase in trading volume, with shares trading 437 times, a 130% increase from the prior day's volume of 190 shares, and the stock is currently priced at $39.55.
• In its latest earnings report, John Wiley & Sons beat earnings estimates with $1.37 per share and reported revenue of $442.58 million, also surpassing forecasts.
• The company declared a quarterly dividend increase to $0.355 per share, providing a yield of 3.59% and reflecting a payout ratio of 92.81%.
• Institutional investment firms hold approximately 0.49% of John Wiley & Sons stock, with Gabelli Funds LLC recently acquiring 4,500 shares valued at around $201,000.

Shares of John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) saw strong trading volume on Friday . 437 shares were traded during trading, an increase of 130% from the previous session's volume of 190 shares.The stock last traded at $39.55 and had previously closed at $41.31.

John Wiley & Sons Price Performance

The company has a debt-to-equity ratio of 1.05, a quick ratio of 0.51 and a current ratio of 0.54. The firm has a market cap of $2.09 billion, a P/E ratio of 25.57 and a beta of 0.71. The company has a 50-day moving average of $41.48 and a 200 day moving average of $42.27.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last issued its quarterly earnings data on Tuesday, June 17th. The company reported $1.37 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.27 by $0.10. John Wiley & Sons had a return on equity of 27.42% and a net margin of 5.02%. The firm had revenue of $442.58 million during the quarter, compared to the consensus estimate of $435.00 million.

John Wiley & Sons Increases Dividend

The company also recently announced 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 was Tuesday, July 8th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.63%. This is an increase from John Wiley & Sons's previous quarterly dividend of $0.35. John Wiley & Sons's payout ratio is presently 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 acquired a new position in shares of John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,500 shares of the company's stock, valued at approximately $201,000. 0.49% of the stock is currently owned by institutional investors.

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.