John Wiley & Sons (NYSE:WLYB) Shares Gap Up - Still a Buy?

Key Points

• John Wiley & Sons' shares experienced a notable **gap up**, opening at **$42.54** after a previous close of **$39.43**, and last traded at **$41.70**.
• The company announced a **profit of $0.49 per share**, exceeding analysts' expectations of **$0.32**, with total revenues of **$396.80 million** for the quarter.
• John Wiley & Sons has increased its quarterly dividend to **$0.355**, reflecting an annualized yield of **3.5%**, with a **payout ratio of 79.78%**.

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report)'s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $39.43, but opened at $42.54. John Wiley & Sons shares last traded at $41.70, with a volume of 256 shares.

John Wiley & Sons Stock Performance

The firm's 50-day moving average price is $40.48 and its 200 day moving average price is $41.94. 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 cap of $2.20 billion, a price-to-earnings ratio of 23.25 and a beta of 0.81.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last issued its quarterly earnings results on Thursday, September 4th. The company reported $0.49 EPS for the quarter, topping the consensus estimate of $0.32 by $0.17. John Wiley & Sons had a net margin of 5.82% and a return on equity of 27.31%. The company had revenue of $396.80 million during the quarter, compared to analysts' expectations of $375.00 million.

John Wiley & Sons Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Tuesday, July 8th were given a dividend of $0.355 per share. The ex-dividend date was Tuesday, July 8th. This represents a $1.42 annualized dividend and a dividend yield of 3.4%. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. John Wiley & Sons's dividend payout ratio is presently 79.78%.

Institutional Investors Weigh In On John Wiley & Sons

An institutional investor recently bought a new position in John Wiley & Sons stock. Gabelli Funds LLC acquired a new stake in shares of John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 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.