John Wiley & Sons (NYSE:WLYB) Shares Down 8.1% – Should You Sell?

John Wiley & Sons, Inc. (NYSE:WLYB)’s share price dropped 8.1% on Friday . The stock traded as low as $31.55 and last traded at $29.41. Approximately 153 shares traded hands during mid-day trading, a decline of 43% from the average daily volume of 269 shares. The stock had previously closed at $32.00.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “hold (c)” rating on shares of John Wiley & Sons in a research report on Monday, December 29th. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock currently has an average rating of “Hold”.

John Wiley & Sons Trading Down 4.0%

The company has a market cap of $1.59 billion, a PE ratio of 16.10 and a beta of 0.75. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.67 and a current ratio of 0.71. The company has a 50 day simple moving average of $32.40 and a two-hundred day simple moving average of $36.51.

John Wiley & Sons (NYSE:WLYB) last posted its quarterly earnings results on Thursday, December 4th. The company reported $1.10 EPS for the quarter, topping the consensus estimate of $0.78 by $0.32. John Wiley & Sons had a net margin of 6.11% and a return on equity of 28.23%. The business had revenue of $421.75 million during the quarter, compared to analysts’ expectations of $416.40 million.

John Wiley & Sons Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Investors of record on Tuesday, December 30th were given a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, December 30th. This represents a $1.42 dividend on an annualized basis and a yield of 4.7%. John Wiley & Sons’s dividend payout ratio (DPR) is presently 75.53%.

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.