John Wiley & Sons (NYSE:WLYB) Stock Price Up 1.7% - Time to Buy?

Key Points

• John Wiley & Sons shares rose by 1.7% to $38.97 after trading as high as $38.21, despite a decline in trading volume.
• The company reported $1.37 EPS for the quarter, exceeding analysts’ expectations of $1.27, along with a revenue of $442.58 million.
• John Wiley & Sons declared a quarterly dividend of $0.355, an increase from the previous dividend, reflecting a yield of 3.6%.

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report)'s share price rose 1.7% on Tuesday . The stock traded as high as $38.21 and last traded at $38.97. Approximately 112 shares traded hands during trading, a decline of 14% from the average daily volume of 130 shares. The stock had previously closed at $38.30.

John Wiley & Sons Stock Up 1.7%

The firm has a market cap of $2.07 billion, a PE ratio of 25.39 and a beta of 0.76. The company's 50 day moving average price is $41.02 and its two-hundred day moving average price is $42.00. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.05.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.27 by $0.10. The firm had revenue of $442.58 million for the quarter, compared to the consensus estimate of $435.00 million. John Wiley & Sons had a net margin of 5.02% and a return on equity of 27.42%.

John Wiley & Sons Increases Dividend

The company also recently disclosed 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. This represents a $1.42 annualized dividend and a dividend yield of 3.7%. The ex-dividend date was Tuesday, July 8th. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. John Wiley & Sons's payout ratio is 92.81%.

Institutional Trading of 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) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm 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.

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.