John Wiley & Sons (NYSE:WLYB) Sees Strong Trading Volume – Should You Buy?

John Wiley & Sons, Inc. (NYSE:WLYB) saw an uptick in trading volume on Wednesday . Approximately 60,173 shares were traded during mid-day trading, an increase of 3,005% from the previous session’s volume of 1,938 shares.The stock last traded at $54.25 and had previously closed at $54.73.

Analyst Ratings Changes

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

John Wiley & Sons Stock Down 0.8%

The firm’s 50 day moving average is $47.69 and its 200-day moving average is $40.31. The firm has a market cap of $2.76 billion, a PE ratio of 12.84 and a beta of 0.54. 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 earnings results on Tuesday, June 16th. The company reported $1.67 EPS 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 analysts’ expectations 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 firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Tuesday, July 7th were given a $0.3575 dividend. 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 2.6%. The ex-dividend date of this dividend was Tuesday, July 7th. John Wiley & Sons’s dividend payout ratio (DPR) 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.