John Wiley & Sons (NYSE:WLYB) Shares Gap Down – What’s Next?

Shares of John Wiley & Sons, Inc. (NYSE:WLYB) gapped down before the market opened on Friday . The stock had previously closed at $52.56, but opened at $50.72. John Wiley & Sons shares last traded at $50.72, with a volume of 162 shares.

John Wiley & Sons Stock Performance

The firm has a market cap of $2.57 billion, a price-to-earnings ratio of 11.99 and a beta of 0.56. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The stock’s 50 day moving average is $44.19 and its 200 day moving average is $37.90.

John Wiley & Sons (NYSE:WLYB) last issued its quarterly earnings data on Tuesday, June 16th. The company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.65 by $0.02. John Wiley & Sons had a net margin of 13.22% and a return on equity of 29.01%. The firm had revenue of $447.94 million during the quarter, compared to the consensus estimate of $450.00 million.

John Wiley & Sons Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Tuesday, July 7th will be paid a $0.3575 dividend. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, July 7th. This represents a $1.43 annualized dividend and a yield of 2.8%. John Wiley & Sons’s dividend payout ratio is presently 33.81%.

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.