John Wiley & Sons (NYSE:WLYB) Shares Gap Down - Should You Sell?

Key Points

• Shares of John Wiley & Sons (NYSE: WLYB) gapped down from a previous close of $42.51 to $41.10 before opening, last trading at $41.43.
• The company reported $0.49 earnings per share for its latest quarter, exceeding expectations of $0.32, with revenue of $396.8 million versus an anticipated $375 million.
• John Wiley & Sons announced a quarterly dividend increase to $0.355 per share, which translates to an annualized yield of 3.4% and reflects a dividend payout ratio of 79.78%.

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $42.51, but opened at $41.10. John Wiley & Sons shares last traded at $41.43, with a volume of 306 shares.

John Wiley & Sons Stock Up 0.5%

The firm has a 50 day simple moving average of $40.42 and a two-hundred day simple moving average of $41.95. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The stock has a market capitalization of $2.20 billion, a P/E ratio of 23.21 and a beta of 0.81.

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 (EPS) for the quarter, topping the consensus estimate of $0.32 by $0.17. The company had revenue of $396.80 million during the quarter, compared to the consensus estimate 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 business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Tuesday, July 8th were issued a $0.355 dividend. The ex-dividend date was Tuesday, July 8th. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a yield of 3.4%. John Wiley & Sons's dividend payout ratio (DPR) is currently 79.78%.

Institutional Trading of John Wiley & Sons

A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC acquired a new stake in John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) in the first quarter, according to its most recent 13F filing 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 owned by institutional investors and hedge funds.

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.