John Wiley & Sons (NYSE:WLYB) Shares Gap Up – Here’s Why

Shares of John Wiley & Sons, Inc. (NYSE:WLYB) gapped up prior to trading on Friday. The stock had previously closed at $47.90, but opened at $52.53. John Wiley & Sons shares last traded at $52.53, with a volume of 117 shares traded.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of John Wiley & Sons in a research report on Thursday. One equities research analyst has rated the stock with a Hold rating. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold”.

John Wiley & Sons Price Performance

The stock has a market capitalization of $2.66 billion, a P/E ratio of 13.90 and a beta of 0.54. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.64. The firm has a 50-day moving average price of $50.30 and a 200 day moving average price of $46.66.

John Wiley & Sons (NYSE:WLYB) last released its earnings results on Thursday, September 3rd. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The company had revenue of $386.36 million during the quarter, compared to the consensus estimate of $380.20 million. John Wiley & Sons had a return on equity of 27.99% and a net margin of 11.90%.

John Wiley & Sons Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Shareholders of record on Tuesday, October 6th will be paid a dividend of $0.3575 per share. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $1.43 annualized dividend and a dividend yield of 2.7%. John Wiley & Sons’s dividend payout ratio (DPR) is 37.83%.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and knowledge-services company serving researchers, educators, students, professionals and lifelong learners. Its principal activities include the development and distribution of scholarly, scientific, technical, medical and professional content through books, journals, digital platforms and other learning resources.

The company also provides online education, course materials, assessment tools and professional development solutions for higher education, corporations and other organizations.