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

Key Points

• John Wiley & Sons (NYSE:WLYB) experienced a significant increase in trading volume, with 281 shares traded, marking a 140% rise compared to the previous session.
• The company reported a quarterly earnings per share (EPS) of $1.37, surpassing estimates of $1.27, along with a revenue of $442.58 million, exceeding the expected $435.00 million.
• John Wiley & Sons announced a dividend increase to $0.355 per share, resulting in a dividend yield of 3.5%, with a payout ratio of 92.81%.

Shares of John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) saw an uptick in trading volume on Friday . 281 shares traded hands during mid-day trading, an increase of 140% from the previous session's volume of 117 shares.The stock last traded at $39.95 and had previously closed at $38.26.

John Wiley & Sons Price Performance

The firm has a market capitalization of $2.14 billion, a P/E ratio of 26.16 and a beta of 0.76. The firm has a 50 day moving average price of $41.06 and a 200-day moving average price of $41.92. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.05.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last posted 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. The business had revenue of $442.58 million during the quarter, compared to analyst estimates of $435.00 million. John Wiley & Sons had a return on equity of 27.42% and a net margin of 5.02%.

John Wiley & Sons Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Tuesday, July 8th were given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 3.5%. This is a boost from John Wiley & Sons's previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, July 8th. John Wiley & Sons's dividend payout ratio (DPR) is presently 92.81%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in John Wiley & Sons stock. Gabelli Funds LLC bought a new position in John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 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.

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