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

John Wiley & Sons, Inc. (NYSE:WLYB)’s share price gapped down before the market opened on Friday . The stock had previously closed at $32.75, but opened at $31.14. John Wiley & Sons shares last traded at $31.17, with a volume of 103 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of John Wiley & Sons in a research note on Monday, December 29th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat, the stock presently has a consensus rating of “Hold”.

John Wiley & Sons Stock Performance

The company has a market capitalization of $1.62 billion, a PE ratio of 16.41 and a beta of 0.74. The company has a 50 day moving average of $34.34 and a two-hundred day moving average of $38.32. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.71 and a quick ratio of 0.67.

John Wiley & Sons (NYSE:WLYB) last announced its quarterly earnings data on Thursday, December 4th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.78 by $0.32. The business had revenue of $421.75 million during the quarter, compared to analyst estimates of $416.40 million. John Wiley & Sons had a return on equity of 28.23% and a net margin of 6.11%.

John Wiley & Sons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 15th. Investors of record on Tuesday, December 30th will be paid a dividend of $0.355 per share. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $1.42 annualized dividend and a yield of 4.6%. John Wiley & Sons’s payout ratio is presently 75.53%.

About John Wiley & Sons

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.