John Wiley & Sons (NYSE:WLYB) Trading 7.7% Higher – Should You Buy?

John Wiley & Sons, Inc. (NYSE:WLYB) rose 7.7% on Friday . The company traded as high as $42.18 and last traded at $43.37. Approximately 829 shares were traded during mid-day trading, a decline of 16% from the average daily volume of 987 shares. The stock had previously closed at $40.25.

John Wiley & Sons Price Performance

The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 28.88 and a beta of 0.68. 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 company’s 50-day moving average is $42.07 and its 200-day moving average is $42.62.

John Wiley & Sons (NYSE:WLYB) last posted its earnings results on Tuesday, June 17th. The company reported $1.37 EPS for the quarter, topping the consensus estimate 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 business had revenue of $442.58 million during the quarter, compared to the consensus estimate of $435.00 million.

John Wiley & Sons Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th were issued a dividend of $0.3525 per share. The ex-dividend date of this dividend was Tuesday, April 8th. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.19%. John Wiley & Sons’s payout ratio is presently 92.16%.

Institutional Investors Weigh In On John Wiley & Sons

An institutional investor recently bought a new position in John Wiley & Sons stock. Gabelli Funds LLC bought a new position in shares of John Wiley & Sons, Inc. (NYSE:WLYB) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 4,500 shares of the company’s stock, valued at approximately $201,000. 0.49% of the stock is currently owned by hedge funds and other institutional investors.

About John Wiley & Sons

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.