John Wiley & Sons (NYSE:WLYB) Trading Up 4.8% - Time to Buy?

Key Points

• John Wiley & Sons' stock rose by 4.8% on Monday, reaching a last traded price of $40.11 with a trading volume increase of 149% compared to the average.
• The company reported quarterly earnings of $1.37 EPS, exceeding estimates, along with revenues of $442.58 million, which also surpassed expectations.
• John Wiley & Sons announced a quarterly dividend increase to $0.355 per share, translating to a 3.6% dividend yield and a payout ratio of 92.81%.

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) shares shot up 4.8% during mid-day trading on Monday . The company traded as high as $39.94 and last traded at $40.11. 281 shares traded hands during mid-day trading, an increase of 149% from the average session volume of 113 shares. The stock had previously closed at $38.26.

John Wiley & Sons Price Performance

The business has a fifty day moving average price of $41.16 and a 200-day moving average price of $41.89. The stock has a market capitalization of $2.14 billion, a PE ratio of 26.20 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.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last announced its quarterly earnings data on Tuesday, June 17th. The company reported $1.37 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $442.58 million for the quarter, compared to analysts' expectations of $435.00 million.

John Wiley & Sons Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Tuesday, July 8th were given a $0.355 dividend. The ex-dividend date was Tuesday, July 8th. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.5%. John Wiley & Sons's dividend payout ratio is presently 92.81%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC acquired a new position in John Wiley & Sons, Inc. (NYSE:WLYB - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.