John Wiley & Sons (NYSE:WLYB) Shares Gap Up – Still a Buy?

John Wiley & Sons, Inc. (NYSE:WLYB)’s stock price gapped up before the market opened on Wednesday . The stock had previously closed at $43.22, but opened at $44.92. John Wiley & Sons shares last traded at $44.92, with a volume of 114 shares.

John Wiley & Sons Stock Performance

The company has a market capitalization of $2.31 billion, a price-to-earnings ratio of 10.62 and a beta of 0.58. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.51 and a current ratio of 0.54. The firm has a fifty day moving average price of $42.30 and a 200-day moving average price of $36.55.

John Wiley & Sons (NYSE:WLYB) last issued its quarterly earnings results on Tuesday, June 16th. The company reported $1.67 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.65 by $0.02. John Wiley & Sons had a return on equity of 29.01% and a net margin of 13.22%.The company had revenue of $447.94 million for the quarter, compared to analyst estimates of $450.00 million.

John Wiley & Sons Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 23rd. Shareholders of record on Tuesday, July 7th will be paid a dividend of $0.3575 per share. The ex-dividend date of this dividend is Tuesday, July 7th. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.43 annualized dividend and a yield of 3.2%. John Wiley & Sons’s payout ratio is presently 33.57%.

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.