John Wiley & Sons (NYSE:WLYB) Sees Strong Trading Volume – Still a Buy?

John Wiley & Sons, Inc. (NYSE:WLYB) saw strong trading volume on Monday . 4,411 shares changed hands during 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 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.com, the company currently has an average rating of “Hold”.

John Wiley & Sons Stock Up 3.3%

The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.61 and a current ratio of 0.64. The firm has a market cap of $2.44 billion, a PE ratio of 12.75 and a beta of 0.55. The firm’s 50-day moving average price is $51.28 and its two-hundred day moving average price is $44.96.

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

John Wiley & Sons Increases Dividend

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