John Wiley & Sons (NYSE:WLYB) Shares Gap Up on Strong Earnings

John Wiley & Sons, Inc. (NYSE:WLYB) shares gapped up before the market opened on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $31.25, but opened at $36.30. John Wiley & Sons shares last traded at $36.30, with a volume of 142 shares traded.

The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.11. The business had revenue of $410.04 million for the quarter, compared to analysts’ expectations of $391.00 million. John Wiley & Sons had a return on equity of 28.38% and a net margin of 9.24%.

John Wiley & Sons Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th were given a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Tuesday, December 30th. John Wiley & Sons’s dividend payout ratio is presently 75.53%.

Wall Street Analyst Weigh In

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, According to data from MarketBeat.com, the company currently has an average rating of “Hold”.

John Wiley & Sons Stock Performance

The firm has a market capitalization of $1.95 billion, a PE ratio of 12.91 and a beta of 0.74. The business has a 50-day simple moving average of $31.68 and a 200-day simple moving average of $35.31. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.59 and a quick ratio of 0.67.

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.