John Wiley & Sons (NYSE:WLYB) Shares Gap Up – Here’s What Happened

John Wiley & Sons, Inc. (NYSE:WLYB) shares gapped up before the market opened on Wednesday . The stock had previously closed at $43.22, but opened at $44.92. John Wiley & Sons shares last traded at $44.92, with a volume of 114 shares traded.

John Wiley & Sons Stock Down 0.9%

The stock has a fifty day moving average of $42.05 and a 200-day moving average of $36.39. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of 10.62 and a beta of 0.58. The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79.

John Wiley & Sons (NYSE:WLYB) last announced its earnings results on Tuesday, June 16th. The company reported $1.67 EPS for the quarter, beating the consensus estimate of $1.65 by $0.02. The business had revenue of $447.94 million during the quarter, compared to the consensus estimate of $450.00 million. John Wiley & Sons had a return on equity of 29.01% and a net margin of 13.22%.

John Wiley & Sons Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 23rd. Shareholders of record on Tuesday, April 7th were paid a dividend of $0.355 per share. The ex-dividend date of this dividend was Tuesday, April 7th. This represents a $1.42 dividend on an annualized basis and a yield of 3.2%. John Wiley & Sons’s dividend payout ratio is currently 33.57%.

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.