John Wiley & Sons (NYSE:WLYB) Sees Large Volume Increase – Time to Buy?

John Wiley & Sons, Inc. (NYSE:WLYB) saw an uptick in trading volume on Monday . Approximately 4,411 shares changed hands during mid-day trading, an increase of 134% from the previous session’s volume of 1,883 shares.The stock last traded at $48.50 and had previously closed at $46.68.

Wall Street Analyst Weigh In

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

John Wiley & Sons Stock Up 3.3%

The company has a debt-to-equity ratio of 1.60, a current ratio of 0.64 and a quick ratio of 0.61. The business has a fifty day moving average of $51.28 and a 200-day moving average of $44.96. The stock has a market cap of $2.44 billion, a PE ratio of 12.75 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 analysts’ consensus estimates of $0.40 by $0.04. John Wiley & Sons had a net margin of 11.90% and a return on equity of 27.99%. The company had revenue of $386.36 million during the quarter, compared to the consensus estimate of $380.20 million.

John Wiley & Sons Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 23rd. Investors of record on Tuesday, July 7th were given a $0.3575 dividend. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.43 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date was Tuesday, July 7th. John Wiley & Sons’s payout ratio is currently 37.83%.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and knowledge-services company that develops content and learning solutions for researchers, students, educators, professionals and organizations. Its offerings include scholarly journals, academic books, reference materials, digital learning products, online courseware and professional development resources.

Wiley supports the research ecosystem by publishing scientific, technical, medical and scholarly content, as well as providing platforms and services that help researchers discover, access and share information.