John Wiley & Sons (NYSE:WLYB) Sees Large Volume Increase – Time to Buy?

Shares of John Wiley & Sons, Inc. (NYSE:WLYB) saw an uptick in trading volume on Tuesday. Approximately 3,543 shares were traded during trading, an increase of 63% from the previous session’s volume of 2,176 shares. The stock last traded at $47.77 and had previously closed at $48.56.

Wall Street Analysts Forecast Growth

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

John Wiley & Sons Trading Down 1.6%

The company has a debt-to-equity ratio of 1.60, a current ratio of 0.64 and a quick ratio of 0.61. The stock has a market capitalization of $2.42 billion, a price-to-earnings ratio of 12.64 and a beta of 0.55. The business has a 50 day simple moving average of $50.99 and a 200-day simple moving average of $45.51.

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

John Wiley & Sons Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 22nd. Investors of record on Tuesday, October 6th will be paid a dividend of $0.3575 per share. This represents a $1.43 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date of this dividend is Tuesday, October 6th. John Wiley & Sons’s dividend payout ratio is presently 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.