John Wiley & Sons (NYSE:WLYB) Shares Down 5.3% - What's Next?

Key Points

• John Wiley & Sons shares experienced a significant drop of 5.3%, trading at $38.25 after closing at $40.39, with a marked decrease in trading volume.
• The company recently reported quarterly earnings of $0.49 per share, exceeding estimates, and announced a quarterly dividend of $0.355, with a yield of 3.6%.
• Weiss Ratings has maintained a "hold (c-)" rating on John Wiley & Sons, with the consensus rating across analysts also being "Hold."

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) shares dropped 5.3% during mid-day trading on Tuesday . The company traded as low as $40.69 and last traded at $38.25. Approximately 134 shares were traded during mid-day trading, a decline of 84% from the average daily volume of 858 shares. The stock had previously closed at $40.39.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings restated a "hold (c-)" rating on shares of John Wiley & Sons in a research report on Saturday, September 27th. One research analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, John Wiley & Sons has a consensus rating of "Hold".

John Wiley & Sons Price Performance

The company's 50-day simple moving average is $40.15 and its 200-day simple moving average is $41.61. 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 company has a market capitalization of $2.08 billion, a PE ratio of 22.00 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 analysts' consensus estimates of $0.32 by $0.17. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%.The company had revenue of $396.80 million during the quarter, compared to analysts' expectations of $375.00 million.

John Wiley & Sons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 7th will be given a dividend of $0.355 per share. The ex-dividend date is Tuesday, October 7th. This represents a $1.42 annualized dividend and a yield of 3.6%. John Wiley & Sons's payout ratio is presently 79.78%.

Institutional Trading of John Wiley & Sons

An institutional investor recently bought a new position 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 first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. 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.

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