John Wiley & Sons (NYSE:WLYB) Shares Gap Up on Strong Earnings

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) shares gapped up prior to trading on Tuesday after the company announced better than expected quarterly earnings. 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 changing hands.

The company reported $1.37 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.27 by $0.10. John Wiley & Sons had a positive return on equity of 24.14% and a negative net margin of 2.82%. The company had revenue of $442.58 million for the quarter, compared to analyst estimates of $435.00 million.

John Wiley & Sons Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th were given a dividend of $0.3525 per share. This represents a $1.41 annualized dividend and a yield of 3.43%. The ex-dividend date was Tuesday, April 8th. John Wiley & Sons's dividend payout ratio (DPR) is 190.54%.

Institutional Investors Weigh In On John Wiley & Sons

A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC bought a new stake in John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 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.

John Wiley & Sons Stock Performance

The stock has a market cap of $2.21 billion, a PE ratio of -45.03 and a beta of 0.68. The firm's 50-day moving average is $42.06 and its 200 day moving average is $42.80. The company has a debt-to-equity ratio of 1.26, a quick ratio of 0.61 and a current ratio of 0.66.

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.

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