John Wiley & Sons (NYSE:WLYB) Shares Gap Up – Still a Buy?

Shares of John Wiley & Sons, Inc. (NYSE:WLYB) gapped up prior to trading on Friday. The stock had previously closed at $47.90, but opened at $52.53. John Wiley & Sons shares last traded at $52.53, with a volume of 117 shares trading hands.

Analysts Set New Price Targets

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

John Wiley & Sons Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.64 and a debt-to-equity ratio of 1.60. The stock has a market cap of $2.66 billion, a price-to-earnings ratio of 13.90 and a beta of 0.54. The company has a 50 day simple moving average of $50.27 and a 200 day simple moving average of $46.70.

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

John Wiley & Sons Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 22nd. Stockholders of record on Tuesday, October 6th will be paid a $0.3575 dividend. The ex-dividend date of this dividend is Tuesday, October 6th. This represents a $1.43 annualized dividend and a dividend yield of 2.7%. John Wiley & Sons’s dividend payout ratio is currently 37.83%.

About John Wiley & Sons

John Wiley & Sons, Inc is a global publishing and knowledge-services company serving researchers, educators, students, professionals and lifelong learners. Its principal activities include the development and distribution of scholarly, scientific, technical, medical and professional content through books, journals, digital platforms and other learning resources.

The company also provides online education, course materials, assessment tools and professional development solutions for higher education, corporations and other organizations.