John Wiley & Sons (NYSE:WLYB) Trading 7.8% Higher – Here’s Why

John Wiley & Sons, Inc. (NYSE:WLYB)’s stock price rose 7.8% on Wednesday . The company traded as high as $50.43 and last traded at $50.43. 238 shares changed hands during trading, a decline of 84% from the average daily volume of 1,462 shares. The stock had previously closed at $46.79.

John Wiley & Sons Trading Up 4.3%

The company’s 50-day moving average price is $43.11 and its 200-day moving average price is $37.16. The firm has a market cap of $2.70 billion, a price-to-earnings ratio of 12.43 and a beta of 0.56. The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.79.

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

John Wiley & Sons Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Tuesday, July 7th will be issued a dividend of $0.3575 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.7%. John Wiley & Sons’s payout ratio is currently 33.57%.

John Wiley & Sons Company Profile

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.