John Wiley & Sons (NYSE:WLYB) Trading Up 7.7% - What's Next?

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 traded up 7.7% during trading on Thursday . The stock traded as high as $42.54 and last traded at $42.46. 578 shares were traded during mid-day trading, an increase of 193% from the average session volume of 197 shares. The stock had previously closed at $39.43.

John Wiley & Sons Stock Down 1.2%

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 has a market cap of $2.24 billion, a P/E ratio of 23.60 and a beta of 0.81. The company has a fifty day moving average of $40.45 and a 200 day moving average of $41.95.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last released 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 for the quarter, compared to the consensus estimate of $375.00 million. John Wiley & Sons had a return on equity of 27.31% and a net margin of 5.82%.

John Wiley & Sons Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders 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 annualized dividend and a dividend yield of 3.4%. John Wiley & Sons's dividend payout ratio (DPR) is presently 79.78%.

Hedge Funds Weigh In On John Wiley & Sons

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

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.