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

John Wiley & Sons, Inc. (NYSE:WLYB) shares gapped down prior to trading on Tuesday . The stock had previously closed at $54.02, but opened at $48.10. John Wiley & Sons shares last traded at $48.10, with a volume of 160 shares trading hands.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of John Wiley & Sons in a report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company presently has an average rating of “Hold”.

John Wiley & Sons Trading Down 1.2%

The company’s 50 day simple moving average is $51.81 and its two-hundred day simple moving average is $43.83. The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.60. The company has a market capitalization of $2.44 billion, a price-to-earnings ratio of 12.72 and a beta of 0.55.

John Wiley & Sons (NYSE:WLYB) last issued its quarterly earnings results on Thursday, September 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. John Wiley & Sons had a return on equity of 27.99% and a net margin of 11.90%.The business had revenue of $386.36 million for the quarter, compared to the consensus estimate of $380.20 million.

John Wiley & Sons Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Tuesday, July 7th were paid a dividend of $0.3575 per share. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, July 7th. This represents a $1.43 annualized dividend and a yield of 3.0%. John Wiley & Sons’s dividend payout ratio (DPR) is presently 37.83%.

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.