John Wiley & Sons (NYSE:WLYB) Trading Down 5% – Here’s What Happened

John Wiley & Sons, Inc. (NYSE:WLYB)’s stock price was down 5% on Tuesday . The company traded as low as $31.14 and last traded at $30.6950. Approximately 2,631 shares were traded during mid-day trading, an increase of 212% from the average daily volume of 843 shares. The stock had previously closed at $32.32.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c-)” rating on shares of John Wiley & Sons in a research note on Monday, December 1st. One research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, John Wiley & Sons has an average rating of “Hold”.

John Wiley & Sons Stock Performance

The stock’s 50-day moving average price is $36.71 and its 200-day moving average price is $39.33. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $1.66 billion, a P/E ratio of 16.62 and a beta of 0.79.

John Wiley & Sons (NYSE:WLYB) last issued its earnings results on Thursday, December 4th. The company reported $1.10 earnings per share for the quarter, topping the consensus estimate of $0.78 by $0.32. The firm had revenue of $421.75 million for the quarter, compared to analyst estimates 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 Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, October 23rd. Investors of record on Tuesday, October 7th were issued a $0.355 dividend. This represents a $1.42 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date of this dividend was Tuesday, October 7th. John Wiley & Sons’s dividend payout ratio is 75.53%.

Institutional Trading of John Wiley & Sons

An institutional investor recently bought a new position in John Wiley & Sons stock. Gabelli Funds LLC acquired a new position in John Wiley & Sons, Inc. (NYSE:WLYB) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 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 engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.