John Wiley & Sons (NYSE:WLYB) Shares Down 8.7% - Here's Why

Key Points

• John Wiley & Sons shares fell 8.7% to $49.33, with trading volume down 55% versus the average daily volume.
• Analyst sentiment remained neutral: Weiss Ratings reaffirmed a “Hold (C)” rating, matching the broader consensus “Hold” rating.
• The company recently exceeded quarterly expectations, reporting $0.44 in earnings per share and $386.36 million in revenue, while increasing its quarterly dividend to $0.3575, or $1.43 annually.

John Wiley & Sons, Inc. (NYSE:WLYB - Get Free Report)'s share price traded down 8.7% during trading on Friday . The company traded as low as $49.33 and last traded at $49.33. 808 shares traded hands during trading, a decline of 55% from the average daily volume of 1,810 shares. The stock had previously closed at $54.02.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of John Wiley & Sons in a report on Friday, July 17th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold".

John Wiley & Sons Stock Performance

The stock has a 50 day moving average of $51.74 and a 200 day moving average of $43.57. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.79. The firm has a market cap of $2.47 billion, a price-to-earnings ratio of 11.51 and a beta of 0.55.

John Wiley & Sons (NYSE:WLYB - Get Free Report) last released its earnings results on Thursday, September 3rd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. The firm had revenue of $386.36 million for the quarter, compared to analyst estimates of $380.20 million. John Wiley & Sons had a net margin of 13.22% and a return on equity of 29.01%.

John Wiley & Sons Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Tuesday, July 7th were paid a $0.3575 dividend. This represents a $1.43 dividend on an annualized basis and a yield of 2.9%. This is a positive change from John Wiley & Sons's previous quarterly dividend of $0.35. The ex-dividend date of this dividend was Tuesday, July 7th. John Wiley & Sons's payout ratio is 33.81%.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and knowledge services company headquartered in Hoboken, New Jersey. Founded in 1807, Wiley has established itself as a leading provider of scholarly, educational and professional content across scientific, technical, medical and academic disciplines. The company leverages both print and digital platforms to deliver peer-reviewed journals, books, reference works and online resources to researchers, educators, students and professionals around the world.

Wiley's operations are organized into key segments, including Research Publishing, which publishes over 1,600 peer-reviewed journals and a broad suite of digital books; Academic and Professional Learning, which offers course materials, interactive digital platforms and certification programs; and Education Solutions, providing custom learning environments, online degree programs and professional development services.

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