John Wiley & Sons (NYSE:WLYB) Trading 6.8% Higher – Here’s What Happened

John Wiley & Sons, Inc. (NYSE:WLYB) was up 6.8% during trading on Friday . The company traded as high as $30.20 and last traded at $31.63. Approximately 145 shares traded hands during trading, a decline of 95% from the average daily volume of 2,805 shares. The stock had previously closed at $29.62.

Wall Street Analysts Forecast Growth

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

John Wiley & Sons Stock Up 5.2%

The stock has a market cap of $1.63 billion, a price-to-earnings ratio of 16.45 and a beta of 0.75. The firm has a 50 day simple moving average of $31.71 and a two-hundred day simple moving average of $35.88. The company has a debt-to-equity ratio of 1.16, a current ratio of 0.71 and a quick ratio of 0.67.

John Wiley & Sons (NYSE:WLYB) last announced its quarterly earnings results on Thursday, December 4th. The company reported $1.10 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $421.75 million for the quarter, compared to analysts’ expectations of $416.40 million.

John Wiley & Sons Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 4.6%. The ex-dividend date was Tuesday, December 30th. John Wiley & Sons’s payout ratio is 75.53%.

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.