John Wiley & Sons (NYSE:WLYB) Reaches New 52-Week High – Should You Buy?

John Wiley & Sons, Inc. (NYSE:WLYB)’s share price hit a new 52-week high on Thursday . The company traded as high as $50.43 and last traded at $50.43, with a volume of 387 shares changing hands. The stock had previously closed at $46.79.

John Wiley & Sons Stock Up 7.8%

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 company has a market cap of $2.59 billion, a PE ratio of 11.92 and a beta of 0.55. The company’s fifty day moving average is $42.93 and its 200-day moving average is $37.01.

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

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 dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a yield of 2.8%. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. The ex-dividend date is Tuesday, July 7th. John Wiley & Sons’s dividend payout ratio (DPR) is currently 33.57%.

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.