John Wiley & Sons (NYSE:WLYB) Shares Gap Up - Here's Why

Key Points

• John Wiley & Sons shares experienced a significant gap up in price, starting at $39.94 after closing at $38.26.
• The company recently reported earnings of $1.37 per share, exceeding estimates, alongside a quarterly revenue of $442.58 million.
• John Wiley & Sons increased their quarterly dividend to $0.355 per share, resulting in an annualized yield of 3.6%.

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report)'s share price gapped up before the market opened on Thursday . The stock had previously closed at $38.26, but opened at $39.94. John Wiley & Sons shares last traded at $39.95, with a volume of 281 shares.

John Wiley & Sons Trading Up 4.4%

The business has a 50 day moving average of $41.04 and a 200 day moving average of $41.94. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.54 and a quick ratio of 0.51. The firm has a market capitalization of $2.13 billion, a price-to-earnings ratio of 26.11 and a beta of 0.76.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last posted its earnings results on Tuesday, June 17th. The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.10. The firm had revenue of $442.58 million for 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 issued a dividend of $0.355 per share. This is a boost from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.42 annualized dividend and a yield of 3.6%. The ex-dividend date was Tuesday, July 8th. John Wiley & Sons's dividend payout ratio is presently 92.81%.

Institutional Trading of John Wiley & Sons

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) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 4,500 shares of the company's stock, valued at approximately $201,000. 0.49% of the stock is currently 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.

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