John Wiley & Sons (NYSE:WLYB) Stock Price Up 0.8% – Here’s What Happened

John Wiley & Sons, Inc. (NYSE:WLYB)’s stock price shot up 0.8% during trading on Friday . The stock traded as high as $53.33 and last traded at $53.33. 120 shares were traded during trading, a decline of 65% from the average session volume of 340 shares. The stock had previously closed at $52.93.

Analyst Upgrades and Downgrades

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

John Wiley & Sons Price Performance

The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.79. The company has a market cap of $2.71 billion, a PE ratio of 12.61 and a beta of 0.56. The firm’s 50-day moving average is $47.22 and its 200-day moving average is $39.97.

John Wiley & Sons (NYSE:WLYB) last announced its quarterly earnings results on Tuesday, June 16th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.02. The company had revenue of $447.94 million for 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 company also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Tuesday, July 7th were paid a dividend of $0.3575 per share. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date was Tuesday, July 7th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.7%. John Wiley & Sons’s dividend payout ratio is presently 33.81%.

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.