John Wiley & Sons (NYSE:WLYB) Shares Up 1.7% - Here's What Happened

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 stock price traded up 1.7% on Tuesday . The company traded as high as $38.21 and last traded at $38.97. 112 shares changed hands during mid-day trading, a decline of 14% from the average session volume of 130 shares. The stock had previously closed at $38.30.

John Wiley & Sons Stock Up 0.1%

The company has a market capitalization of $2.04 billion, a price-to-earnings ratio of 25.00 and a beta of 0.76. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 1.05. The firm's 50 day simple moving average is $41.04 and its 200-day simple moving average is $42.08.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last issued its quarterly earnings results on Tuesday, June 17th. The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.27 by $0.10. The business had revenue of $442.58 million for the quarter, compared to analyst estimates 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 firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Tuesday, July 8th were paid a dividend of $0.355 per share. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, July 8th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.7%. John Wiley & Sons's dividend payout ratio (DPR) is currently 92.81%.

Institutional Trading of John Wiley & Sons

A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC acquired a new stake in John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 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.

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.