John Wiley & Sons (NYSE:WLYB) Shares Gap Up on Strong Earnings

John Wiley & Sons, Inc. (NYSE:WLYB) gapped up prior to trading on Friday after the company announced better than expected quarterly earnings. The stock had previously closed at $31.25, but opened at $36.30. John Wiley & Sons shares last traded at $36.30, with a volume of 142 shares traded.

The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.86 by $0.11. The firm had revenue of $410.04 million during the quarter, compared to analysts’ expectations of $391.00 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 declared a quarterly dividend, which was paid on Thursday, January 15th. Stockholders of record on Tuesday, December 30th were issued a dividend of $0.355 per share. This represents a $1.42 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Tuesday, December 30th. John Wiley & Sons’s payout ratio is currently 75.53%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of John Wiley & Sons in a research report on Monday, December 29th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of “Hold”.

John Wiley & Sons Stock Performance

The firm’s fifty day moving average is $31.58 and its 200-day moving average is $35.33. 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 stock has a market capitalization of $1.91 billion, a PE ratio of 19.31 and a beta of 0.74.

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.