John Wiley & Sons (NYSE:WLYB) Sees Unusually-High Trading Volume - Still a Buy?

Key Points

• John Wiley & Sons, Inc. saw a 55% increase in trading volume, with 364 shares exchanged compared to 235 the previous session, while its stock price is currently at $41.68.
• The company reported $0.49 earnings per share for the past quarter, exceeding estimates, with revenue of $396.80 million compared to the expected $375 million.
• John Wiley & Sons has recently increased its quarterly dividend to $0.355, resulting in an annualized dividend of $1.42 and a yield of 3.4%.

Shares of John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) saw unusually-high trading volume on Monday . Approximately 364 shares were traded during mid-day trading, an increase of 55% from the previous session's volume of 235 shares.The stock last traded at $41.68 and had previously closed at $42.51.

John Wiley & Sons Trading Down 4.5%

The stock has a market capitalization of $2.15 billion, a P/E ratio of 11.53 and a beta of 0.81. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.61. The business's 50 day simple moving average is $40.27 and its 200-day simple moving average is $41.98.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last announced its quarterly earnings results on Thursday, September 4th. The company reported $0.49 earnings per share for the quarter, topping analysts' consensus estimates of $0.32 by $0.17. The company had revenue of $396.80 million for 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 27.31%.

John Wiley & Sons Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Tuesday, July 8th were paid a $0.355 dividend. This represents a $1.42 annualized dividend and a yield of 3.5%. The ex-dividend date was Tuesday, July 8th. This is an increase from John Wiley & Sons's previous quarterly dividend of $0.35. John Wiley & Sons's dividend payout ratio (DPR) is presently 79.78%.

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) during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 4,500 shares of the company's stock, valued at approximately $201,000. Institutional investors own 0.49% of the company's stock.

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.