John Wiley & Sons (NYSE:WLYB) Shares Down 7.1% - Here's Why

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) traded down 7.1% on Monday . The company traded as low as $42.70 and last traded at $39.47. 360 shares traded hands during trading, a decline of 59% from the average session volume of 875 shares. The stock had previously closed at $42.47.

John Wiley & Sons Trading Down 3.2%

The stock has a market cap of $2.14 billion, a P/E ratio of 11.32 and a beta of 0.71. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 1.05. The business's 50 day simple moving average is $41.66 and its two-hundred day simple moving average is $42.31.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last issued its 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. 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 analysts' expectations of $435.00 million.

John Wiley & Sons Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Tuesday, July 8th will be given a dividend of $0.355 per share. The ex-dividend date is Tuesday, July 8th. This is an increase from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.42 annualized dividend and a yield of 3.55%. John Wiley & Sons's dividend payout ratio (DPR) is currently 92.81%.

Hedge Funds Weigh In On 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 first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 4,500 shares of the company's stock, valued at approximately $201,000. Institutional investors own 0.49% of the company's stock.

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.