John Wiley & Sons (NYSE:WLYB) Stock Price Down 9.9% – Here’s What Happened

Shares of John Wiley & Sons, Inc. (NYSE:WLYB) traded down 9.9% on Wednesday . The stock traded as low as $32.50 and last traded at $31.3050. 61 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 1,284 shares. The stock had previously closed at $34.75.

Analyst Ratings Changes

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

John Wiley & Sons Trading Down 9.9%

The firm has a market capitalization of $1.65 billion, a price-to-earnings ratio of 16.65 and a beta of 0.79. The business’s 50 day moving average price is $35.22 and its 200-day moving average price is $38.72. 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 released its earnings results on Thursday, December 4th. The company reported $1.10 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.78 by $0.32. The company had revenue of $421.75 million for the quarter, compared to analysts’ expectations of $416.40 million. John Wiley & Sons had a return on equity of 28.23% and a net margin of 6.11%.

John Wiley & Sons Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 15th. Shareholders of record on Tuesday, December 30th will be given a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 4.5%. The ex-dividend date is Tuesday, December 30th. John Wiley & Sons’s payout ratio is presently 75.53%.

Institutional Trading of John Wiley & Sons

An institutional investor recently bought a new position in John Wiley & Sons stock. Gabelli Funds LLC bought a new stake in John Wiley & Sons, Inc. (NYSE:WLYB) in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 4,500 shares of the company’s stock, valued at approximately $201,000. Institutional investors own 0.49% of the company’s stock.

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.