John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) was down 3.9% on Thursday . The company traded as low as $44.16 and last traded at $43.39. Approximately 432 shares were traded during mid-day trading, a decline of 50% from the average daily volume of 868 shares. The stock had previously closed at $45.14.
John Wiley & Sons Stock Performance
The company has a market cap of $2.34 billion, a P/E ratio of 28.67 and a beta of 0.71. 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 company's 50-day moving average price is $42.27 and its two-hundred day moving average price is $42.51.
John Wiley & Sons (NYSE:WLYB - Get Free Report) last announced its earnings results on Tuesday, June 17th. The company reported $1.37 EPS for the quarter, beating the consensus estimate of $1.27 by $0.10. John Wiley & Sons had a return on equity of 27.42% and a net margin of 5.02%. The business had revenue of $442.58 million during the quarter, compared to the consensus estimate of $435.00 million.
John Wiley & Sons Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Tuesday, July 8th will be given a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Tuesday, July 8th. This is an increase from John Wiley & Sons's previous quarterly dividend of $0.35. John Wiley & Sons's dividend payout ratio is 92.16%.
Hedge Funds 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) in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 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
(
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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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