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

John Wiley & Sons, Inc. (NYSE:WLYB) fell 5% during mid-day trading on Wednesday . The stock traded as low as $30.88 and last traded at $31.10. 1,091 shares traded hands during trading, a decline of 48% from the average session volume of 2,111 shares. The stock had previously closed at $32.75.

Analyst Upgrades and Downgrades

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

John Wiley & Sons Price Performance

The stock has a market cap of $1.64 billion, a P/E ratio of 16.55 and a beta of 0.79. The business has a 50-day simple moving average of $34.71 and a 200 day simple moving average of $38.48. The company has a current ratio of 0.71, a quick ratio of 0.67 and a debt-to-equity ratio of 1.16.

John Wiley & Sons (NYSE:WLYB) last announced its earnings results on Thursday, December 4th. The company reported $1.10 EPS for the quarter, beating the consensus estimate of $0.78 by $0.32. John Wiley & Sons had a return on equity of 28.23% and a net margin of 6.11%.The business had revenue of $421.75 million for the quarter, compared to analysts’ expectations of $416.40 million.

John Wiley & Sons Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Tuesday, December 30th. This represents a $1.42 dividend on an annualized basis and a yield of 4.6%. John Wiley & Sons’s dividend payout ratio is 75.53%.

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.