John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) shares gapped up before the market opened on Tuesday following a better than expected earnings announcement. The stock had previously closed at $37.27, but opened at $39.55. John Wiley & Sons shares last traded at $39.77, with a volume of 973 shares trading hands.
The company reported $1.37 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 analyst estimates of $435.00 million.
John Wiley & Sons Dividend Announcement
The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th were paid a $0.3525 dividend. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.41 dividend on an annualized basis and a yield of 3.19%. John Wiley & Sons's dividend payout ratio is presently 92.16%.
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 position in shares of John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). 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.
John Wiley & Sons Stock Performance
The company has a 50 day simple moving average of $42.07 and a 200-day simple moving average of $42.67. The company has a debt-to-equity ratio of 1.05, a current ratio of 0.54 and a quick ratio of 0.52. The stock has a market cap of $2.38 billion, a P/E ratio of 28.88 and a beta of 0.68.
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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