John Wiley & Sons (NYSE:WLYB) Trading Up 7.7% - Time to Buy?

Key Points

• John Wiley & Sons shares increased by 7.7% to $42.46, significantly exceeding the previous closing price of $39.43, with trading volume up 193% over the average.
• The company reported a strong earnings result with $0.49 earnings per share, beating estimates, and generated $396.80 million in revenue for the quarter.
• John Wiley & Sons declared a quarterly dividend of $0.355, which reflects a slight increase from the prior dividend and represents an annual yield of 3.4%.

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report) shares were up 7.7% on Thursday . The stock traded as high as $42.54 and last traded at $42.46. Approximately 578 shares traded hands during mid-day trading, an increase of 193% from the average daily volume of 197 shares. The stock had previously closed at $39.43.

John Wiley & Sons Trading Up 6.9%

The company has a market capitalization of $2.25 billion, a price-to-earnings ratio of 23.77 and a beta of 0.81. The company has a quick ratio of 0.61, a current ratio of 0.65 and a debt-to-equity ratio of 1.12. The company's 50 day simple moving average is $40.55 and its two-hundred day simple moving average is $41.86.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last announced its earnings results on Thursday, September 4th. The company reported $0.49 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.17. The company had revenue of $396.80 million during the quarter, compared to the consensus estimate of $375.00 million. John Wiley & Sons had a net margin of 5.82% and a return on equity of 27.31%.

John Wiley & Sons Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Tuesday, July 8th were issued a $0.355 dividend. The ex-dividend date of this dividend 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 annualized dividend and a yield of 3.4%. John Wiley & Sons's dividend payout ratio is currently 79.78%.

Institutional Investors Weigh In On John Wiley & Sons

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.