Shares of John Wiley & Sons, Inc. (NYSE:WLYB – Get Free Report) gapped up before the market opened on Tuesday after the company announced better than expected quarterly earnings. The stock had previously closed at $37.27, but opened at $39.55. John Wiley & Sons shares last traded at $39.77, with a volume of 973 shares trading hands.
The company reported $1.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.27 by $0.10. John Wiley & Sons had a net margin of 5.02% and a return on equity of 27.42%. The firm had revenue of $442.58 million for the quarter, compared to the consensus estimate of $435.00 million.
John Wiley & Sons Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Investors of record on Tuesday, April 8th were issued a dividend of $0.3525 per share. This represents a $1.41 dividend on an annualized basis and a yield of 3.31%. The ex-dividend date of this dividend was Tuesday, April 8th. John Wiley & Sons’s dividend payout ratio (DPR) is presently 190.54%.
Hedge Funds Weigh In On John Wiley & Sons
John Wiley & Sons Trading Up 14.2%
The company has a debt-to-equity ratio of 1.05, a current ratio of 0.54 and a quick ratio of 0.52. The firm has a market capitalization of $2.29 billion, a PE ratio of 27.83 and a beta of 0.68. The company’s fifty day simple moving average is $42.01 and its 200-day simple moving average is $42.78.
John Wiley & Sons Company Profile
John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.
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