John Wiley & Sons (NYSE:WLYB) Stock Crosses Above 50 Day Moving Average – What’s Next?

John Wiley & Sons, Inc. (NYSE:WLYB) crossed above its 50-day moving average during trading on Thursday. The stock has a 50-day moving average of $50.31 and traded as high as $51.04. John Wiley & Sons shares last traded at $51.04, with a volume of 119 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings restated a “hold (c)” rating on shares of John Wiley & Sons in a research report on Thursday, October 15th. One analyst has rated the stock with a Hold rating. According to data from MarketBeat, the company presently has a consensus rating of “Hold”.

John Wiley & Sons Stock Performance

The company has a 50 day moving average of $50.31 and a two-hundred day moving average of $44.39. The company has a market capitalization of $2.59 billion, a PE ratio of 13.50 and a beta of 0.54. The company has a debt-to-equity ratio of 1.60, a current ratio of 0.64 and a quick ratio of 0.61.

John Wiley & Sons (NYSE:WLYB) last released its earnings results on Thursday, September 3rd. The company reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04. The firm had revenue of $386.36 million for the quarter, compared to analysts’ expectations of $380.20 million. John Wiley & Sons had a return on equity of 27.99% and a net margin of 11.90%.

John Wiley & Sons Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, October 22nd. Stockholders of record on Tuesday, October 6th were issued a dividend of $0.3575 per share. This represents a $1.43 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Tuesday, October 6th. John Wiley & Sons’s payout ratio is presently 37.83%.

About John Wiley & Sons

John Wiley & Sons is a global publishing and knowledge-services company serving researchers, students, educators and professionals. Founded in 1807, the company has evolved from a book publisher into a provider of print and digital content, platforms and services. Wiley’s activities include publishing scholarly journals and books, particularly in science, technology, medicine and related fields. It also provides digital research resources and solutions, as well as textbooks, online learning materials and other educational products.