John Wiley & Sons (NYSE:WLYB) Trading Down 8.7% – Here’s What Happened

John Wiley & Sons, Inc. (NYSE:WLYB)’s share price traded down 8.7% during mid-day trading on Friday . The stock traded as low as $49.33 and last traded at $49.33. Approximately 808 shares traded hands during mid-day trading, a decline of 55% from the average session volume of 1,810 shares. The stock had previously closed at $54.02.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reiterated 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, According to MarketBeat.com, the stock presently has an average rating of “Hold”.

John Wiley & Sons Stock Down 9.9%

The business has a 50 day moving average of $51.78 and a 200-day moving average of $43.61. The stock has a market cap of $2.47 billion, a PE ratio of 12.88 and a beta of 0.55. The company has a current ratio of 0.64, a quick ratio of 0.51 and a debt-to-equity ratio of 1.60.

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

John Wiley & Sons Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Tuesday, July 7th were issued a $0.3575 dividend. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Tuesday, July 7th. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. 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 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.