John Wiley & Sons (NYSE:WLYB) Sees Unusually-High Trading Volume – Here’s What Happened

Shares of John Wiley & Sons, Inc. (NYSE:WLYB) saw an uptick in trading volume on Wednesday . 60,173 shares changed hands during trading, an increase of 3,005% from the previous session’s volume of 1,938 shares.The stock last traded at $54.25 and had previously closed at $54.73.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of John Wiley & Sons in a research note on Friday, July 17th. One investment 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 Price Performance

The company has a 50-day moving average of $48.22 and a 200 day moving average of $40.61. 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 market cap of $2.73 billion, a P/E ratio of 12.71 and a beta of 0.54.

John Wiley & Sons (NYSE:WLYB) last announced its quarterly earnings results on Tuesday, June 16th. The company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates 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 firm had revenue of $447.94 million for the quarter, compared to analysts’ expectations of $450.00 million.

John Wiley & Sons Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Tuesday, July 7th were issued a $0.3575 dividend. This represents a $1.43 annualized dividend and a dividend yield of 2.7%. The ex-dividend date of this dividend was Tuesday, July 7th. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s payout ratio is currently 33.81%.

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.