John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) gapped down before the market opened on Wednesday . The stock had previously closed at $44.16, but opened at $42.47. John Wiley & Sons shares last traded at $43.19, with a volume of 508 shares changing hands.
John Wiley & Sons Stock Performance
The stock has a market cap of $2.30 billion, a price-to-earnings ratio of 11.64 and a beta of 0.71. The stock's fifty day moving average is $42.22 and its 200-day moving average is $42.47. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.05.
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 analysts' consensus estimates of $1.27 by $0.10. John Wiley & Sons had a net margin of 5.02% and a return on equity of 27.42%. The firm had revenue of $442.58 million during the quarter, compared to analysts' expectations of $435.00 million.
John Wiley & Sons Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Tuesday, July 8th will be issued a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 3.30%. The ex-dividend date is Tuesday, July 8th. This is a boost from John Wiley & Sons's previous quarterly dividend of $0.35. John Wiley & Sons's dividend payout ratio is 92.81%.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC purchased a new stake in John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 4,500 shares of the company's stock, valued at approximately $201,000. Institutional investors and hedge funds own 0.49% of the company's stock.
About John Wiley & Sons
(
Get Free Report)
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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