John Wiley & Sons (NYSE:WLYB) Releases Earnings Results, Beats Estimates By $0.04 EPS

John Wiley & Sons (NYSE:WLYB) released its quarterly earnings results on Thursday. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04, Zacks reports. John Wiley & Sons had a net margin of 11.90% and a return on equity of 27.99%. The business had revenue of $386.36 million for the quarter, compared to the consensus estimate of $380.20 million.

John Wiley & Sons Trading Down 9.9%

John Wiley & Sons stock opened at $48.68 on Friday. John Wiley & Sons has a 52 week low of $29.16 and a 52 week high of $55.51. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.51 and a current ratio of 0.64. The firm has a market capitalization of $2.47 billion, a PE ratio of 12.88 and a beta of 0.55. The business’s 50-day simple moving average is $51.78 and its 200-day simple moving average is $43.61.

John Wiley & Sons Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Tuesday, July 7th were paid a $0.3575 dividend. The ex-dividend date was Tuesday, July 7th. This is a boost 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 2.9%. John Wiley & Sons’s dividend payout ratio is presently 33.81%.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of John Wiley & Sons in a research report on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has an average rating of “Hold”.

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.