John Wiley & Sons (NYSE:WLYB) Sees Large Volume Increase After Strong Earnings

Shares of John Wiley & Sons, Inc. (NYSE:WLYB) saw unusually-strong trading volume on Wednesday after the company announced better than expected quarterly earnings. Approximately 2,052 shares traded hands during trading, an increase of 209% from the previous session’s volume of 665 shares.The stock last traded at $42.37 and had previously closed at $37.27.

The company reported $1.37 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.27 by $0.10. John Wiley & Sons had a return on equity of 27.42% and a net margin of 5.02%. The firm had revenue of $442.58 million for the quarter, compared to the consensus estimate of $435.00 million.

John Wiley & Sons Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th were issued a $0.3525 dividend. This represents a $1.41 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Tuesday, April 8th. John Wiley & Sons’s dividend payout ratio is 190.54%.

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 John Wiley & Sons, Inc. (NYSE:WLYB) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,500 shares of the company’s stock, valued at approximately $201,000. Institutional investors own 0.49% of the company’s stock.

John Wiley & Sons Price Performance

The firm has a 50 day moving average price of $42.01 and a 200 day moving average price of $42.78. The company has a quick ratio of 0.52, a current ratio of 0.54 and a debt-to-equity ratio of 1.05. The stock has a market cap of $2.29 billion, a P/E ratio of 27.83 and a beta of 0.68.

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.