John Wiley & Sons, Inc. (NYSE:WLYB) Sees Large Drop in Short Interest

John Wiley & Sons, Inc. (NYSE:WLYB) was the target of a large decline in short interest in the month of March. As of March 31st, there was short interest totaling 2,573 shares, a decline of 32.4% from the March 15th total of 3,804 shares. Approximately 0.0% of the shares of the company are short sold. Based on an average daily trading volume, of 2,167 shares, the days-to-cover ratio is currently 1.2 days.

John Wiley & Sons Stock Performance

Shares of John Wiley & Sons stock remained flat at $39.21 on Thursday. The company had a trading volume of 25 shares, compared to its average volume of 1,415. The company has a quick ratio of 0.57, a current ratio of 0.59 and a debt-to-equity ratio of 1.06. John Wiley & Sons has a 1 year low of $29.16 and a 1 year high of $45.41. The firm’s 50-day moving average is $34.95 and its two-hundred day moving average is $34.70. The firm has a market cap of $2.01 billion, a P/E ratio of 13.66 and a beta of 0.58.

John Wiley & Sons (NYSE:WLYB) last announced its quarterly earnings results on Thursday, March 5th. The company reported $0.97 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.11. John Wiley & Sons had a return on equity of 28.38% and a net margin of 9.24%.The firm had revenue of $410.04 million during the quarter, compared to analyst estimates of $391.00 million.

John Wiley & Sons Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Investors of record on Tuesday, April 7th will be paid a $0.355 dividend. This represents a $1.42 annualized dividend and a dividend yield of 3.6%. The ex-dividend date is Tuesday, April 7th. John Wiley & Sons’s payout ratio is currently 49.48%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of John Wiley & Sons in a report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold”.

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.