John Wiley & Sons (NYSE:WLYB) Shares Gap Down – Here’s Why

John Wiley & Sons, Inc. (NYSE:WLYB)’s share price gapped down before the market opened on Friday . The stock had previously closed at $42.51, but opened at $41.10. John Wiley & Sons shares last traded at $41.43, with a volume of 306 shares traded.

John Wiley & Sons Trading Down 2.5%

The company has a debt-to-equity ratio of 1.12, a quick ratio of 0.61 and a current ratio of 0.65. The firm’s fifty day simple moving average is $40.48 and its 200-day simple moving average is $41.91. The stock has a market cap of $2.21 billion, a P/E ratio of 23.28 and a beta of 0.81.

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

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Tuesday, July 8th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 3.4%. The ex-dividend date was Tuesday, July 8th. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s dividend payout ratio (DPR) is 79.78%.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in John Wiley & Sons stock. Gabelli Funds LLC acquired a new position in shares of John Wiley & Sons, Inc. (NYSE:WLYB) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm 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.

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.