John Wiley & Sons (NYSE:WLYB) Sets New 52-Week High – What’s Next?

John Wiley & Sons, Inc. (NYSE:WLYB) hit a new 52-week high during trading on Tuesday . The stock traded as high as $54.73 and last traded at $52.66, with a volume of 405 shares changing hands. The stock had previously closed at $53.33.

Analysts Set New Price Targets

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of John Wiley & Sons in a report on Friday, July 17th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has an average rating of “Hold”.

John Wiley & Sons Price Performance

The company has a debt-to-equity ratio of 0.79, a current ratio of 0.54 and a quick ratio of 0.51. The stock has a market capitalization of $2.67 billion, a P/E ratio of 12.45 and a beta of 0.54. The company’s 50 day simple moving average is $47.45 and its two-hundred day simple moving average is $40.17.

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

John Wiley & Sons Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Tuesday, July 7th were issued a dividend of $0.3575 per share. 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 yield of 2.7%. The ex-dividend date was Tuesday, July 7th. 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.