John Wiley & Sons (NYSE:WLYB) Sees Unusually-High Trading Volume After Strong Earnings

John Wiley & Sons, Inc. (NYSE:WLYB) saw strong trading volume on Friday following a stronger than expected earnings report. 1,181 shares traded hands during trading, an increase of 69% from the previous session’s volume of 699 shares.The stock last traded at $34.0150 and had previously closed at $36.73.

The company reported $1.10 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.78 by $0.32. The company had revenue of $421.75 million for the quarter, compared to the consensus estimate of $416.40 million. John Wiley & Sons had a net margin of 5.82% and a return on equity of 27.31%.

John Wiley & Sons Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, October 23rd. Shareholders of record on Tuesday, October 7th were paid a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a yield of 4.2%. The ex-dividend date of this dividend was Tuesday, October 7th. John Wiley & Sons’s payout ratio is 79.78%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c-)” rating on shares of John Wiley & Sons in a research report on Monday. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company has an average rating of “Hold”.

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 stake in John Wiley & Sons, Inc. (NYSE:WLYB) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 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 Stock Down 7.6%

The stock has a market cap of $1.81 billion, a price-to-earnings ratio of 19.11 and a beta of 0.79. The business has a fifty day moving average of $37.03 and a 200 day moving average of $39.54. The company has a debt-to-equity ratio of 1.12, a current ratio of 0.65 and a quick ratio of 0.61.

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.