John Wiley & Sons (NYSE:WLYB) Shares Gap Down – Time to Sell?

John Wiley & Sons, Inc. (NYSE:WLYB) gapped down prior to trading on Friday . The stock had previously closed at $52.56, but opened at $50.72. John Wiley & Sons shares last traded at $50.72, with a volume of 162 shares changing hands.

John Wiley & Sons Stock Performance

The company has a current ratio of 0.54, a quick ratio of 0.51 and a debt-to-equity ratio of 0.79. The stock has a 50 day moving average price of $44.38 and a two-hundred day moving average price of $37.99. The company has a market cap of $2.57 billion, a price-to-earnings ratio of 11.99 and a beta of 0.56.

John Wiley & Sons (NYSE:WLYB) last issued its earnings results on Tuesday, June 16th. The company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.65 by $0.02. The firm had revenue of $447.94 million for the quarter, compared to analysts’ expectations 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 Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 23rd. Investors of record on Tuesday, July 7th will be given a $0.3575 dividend. The ex-dividend date is Tuesday, July 7th. This represents a $1.43 dividend on an annualized basis and a dividend yield of 2.8%. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s dividend payout ratio is currently 33.81%.

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.