John Wiley & Sons (NYSE:WLYB) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS

John Wiley & Sons (NYSE:WLYB) released its quarterly earnings results on Thursday. The company reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04, Zacks reports. John Wiley & Sons had a return on equity of 29.01% and a net margin of 13.22%.

John Wiley & Sons Price Performance

WLYB stock opened at $52.94 on Thursday. The firm has a market cap of $2.69 billion, a PE ratio of 12.52 and a beta of 0.55. John Wiley & Sons has a twelve month low of $29.16 and a twelve month high of $55.51. 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 has a 50 day moving average of $51.56 and a 200 day moving average of $43.41.

John Wiley & Sons Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 23rd. Stockholders of record on Tuesday, July 7th were given a $0.3575 dividend. The ex-dividend date of this dividend was Tuesday, July 7th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.7%. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s payout ratio is presently 33.81%.

Wall Street Analyst Weigh In

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

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.