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

Shares of John Wiley & Sons, Inc. (NYSE:WLYB) saw unusually-high trading volume on Friday following a better than expected earnings announcement. Approximately 1,181 shares were traded 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 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.32. John Wiley & Sons had a return on equity of 28.23% and a net margin of 6.11%.The business had revenue of $421.75 million during the quarter, compared to analyst estimates of $416.40 million.

John Wiley & Sons Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, October 23rd. Stockholders of record on Tuesday, October 7th were paid a $0.355 dividend. The ex-dividend date was Tuesday, October 7th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.4%. John Wiley & Sons’s payout ratio is currently 79.78%.

Wall Street Analysts Forecast Growth

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

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in John Wiley & Sons stock. Gabelli Funds LLC bought a new position in John Wiley & Sons, Inc. (NYSE:WLYB) during the first quarter, according to its most recent 13F filing with the SEC. The fund bought 4,500 shares of the company’s stock, valued at approximately $201,000. 0.49% of the stock is currently owned by institutional investors and hedge funds.

John Wiley & Sons Stock Down 12.0%

The company has a 50 day simple moving average of $36.87 and a two-hundred day simple moving average of $39.46. The company has a market capitalization of $1.72 billion, a P/E ratio of 17.19 and a beta of 0.79. The company has a quick ratio of 0.61, a current ratio of 0.71 and a debt-to-equity ratio of 1.16.

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.