John Wiley & Sons (NYSE:WLYB) Shares Down 8.7% – Here’s What Happened

John Wiley & Sons, Inc. (NYSE:WLYB)’s stock price dropped 8.7% during mid-day trading on Friday . The stock traded as low as $49.33 and last traded at $49.33. 808 shares traded hands during trading, a decline of 55% from the average daily volume of 1,810 shares. The stock had previously closed at $54.02.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of John Wiley & Sons in a report on Friday, July 17th. One equities research analyst has rated the stock with a Hold rating, According to MarketBeat, the company presently has a consensus rating of “Hold”.

John Wiley & Sons Price Performance

The company has a quick ratio of 0.51, a current ratio of 0.54 and a debt-to-equity ratio of 0.79. The business’s 50 day moving average is $51.74 and its two-hundred day moving average is $43.57. The firm has a market cap of $2.47 billion, a P/E ratio of 11.51 and a beta of 0.55.

John Wiley & Sons (NYSE:WLYB) last issued its quarterly earnings data on Thursday, September 3rd. The company reported $0.44 EPS for the quarter, topping the consensus estimate of $0.40 by $0.04. John Wiley & Sons had a return on equity of 29.01% and a net margin of 13.22%.The firm had revenue of $386.36 million during the quarter, compared to the consensus estimate of $380.20 million.

John Wiley & Sons Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Tuesday, July 7th were given a $0.3575 dividend. The ex-dividend date was Tuesday, July 7th. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.43 annualized dividend and a yield of 2.9%. John Wiley & Sons’s dividend payout ratio is presently 33.81%.

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.