John Wiley & Sons (NYSE:WLYB) Stock Price Up 7.8% – What’s Next?

John Wiley & Sons, Inc. (NYSE:WLYB) shares were up 7.8% during mid-day trading on Wednesday . The stock traded as high as $50.43 and last traded at $50.43. 238 shares traded hands during mid-day trading, a decline of 84% from the average daily volume of 1,462 shares. The stock had previously closed at $46.79.

John Wiley & Sons Price Performance

The firm has a market capitalization of $2.59 billion, a P/E ratio of 11.92 and a beta of 0.58. The business’s fifty day moving average is $42.77 and its 200 day moving average is $36.88. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

John Wiley & Sons (NYSE:WLYB) last issued its earnings results on Tuesday, June 16th. The company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.65 by $0.02. The firm had revenue of $447.94 million during the quarter, compared to analysts’ expectations of $450.00 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 business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Stockholders of record on Tuesday, July 7th will be given a dividend of $0.3575 per share. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, July 7th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.8%. John Wiley & Sons’s payout ratio is currently 33.57%.

John Wiley & Sons Company Profile

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.