John Wiley & Sons (NYSE:WLYB) Announces Earnings Results

John Wiley & Sons (NYSE:WLYB) posted its quarterly earnings results on Thursday. The company reported $0.44 earnings per share for the quarter, beating analysts’ consensus estimates of $0.40 by $0.04, Zacks reports. The firm had revenue of $386.36 million during the quarter, compared to the consensus estimate of $380.20 million. John Wiley & Sons had a return on equity of 29.01% and a net margin of 13.22%.

John Wiley & Sons Stock Performance

Shares of NYSE WLYB opened at $54.02 on Friday. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.54 and a quick ratio of 0.51. The firm has a market cap of $2.74 billion, a price-to-earnings ratio of 12.77 and a beta of 0.55. The stock’s fifty day moving average price is $51.74 and its two-hundred day moving average price is $43.57. John Wiley & Sons has a one year low of $29.16 and a one year high of $55.51.

John Wiley & Sons Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 23rd. Shareholders of record on Tuesday, July 7th were issued 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 yield of 2.6%. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. John Wiley & Sons’s payout ratio is currently 33.81%.

Wall Street Analysts Forecast Growth

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