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

John Wiley & Sons, Inc. (NYSE:WLYB)’s share price 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.

Wall Street Analyst Weigh In

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

John Wiley & Sons Price Performance

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

John Wiley & Sons (NYSE:WLYB) last posted its quarterly earnings data on Thursday, September 3rd. The company reported $0.44 EPS for the quarter, beating the consensus estimate of $0.40 by $0.04. John Wiley & Sons had a net margin of 11.90% and a return on equity of 27.99%. The firm had revenue of $386.36 million during the quarter, compared to analyst estimates of $380.20 million.

John Wiley & Sons Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Tuesday, October 6th will be issued a $0.3575 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date of this dividend is Tuesday, October 6th. John Wiley & Sons’s dividend payout ratio is presently 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.