John Wiley & Sons (NYSE:WLYB) Shares Up 6.8% – Here’s What Happened

Shares of John Wiley & Sons, Inc. (NYSE:WLYB) were up 6.8% during mid-day trading on Friday . The company traded as high as $30.20 and last traded at $31.63. Approximately 145 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 2,805 shares. The stock had previously closed at $29.62.

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, December 29th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock has a consensus rating of “Hold”.

John Wiley & Sons Trading Up 5.3%

The stock has a market cap of $1.63 billion, a PE ratio of 16.47 and a beta of 0.75. The company’s fifty day moving average is $31.71 and its 200-day moving average is $35.81. 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 issued its earnings results on Thursday, December 4th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.78 by $0.32. The firm had revenue of $421.75 million for the quarter, compared to the consensus estimate 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $1.42 dividend on an annualized basis and a dividend yield of 4.6%. John Wiley & Sons’s dividend payout ratio (DPR) 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.