John Wiley & Sons (NYSE:WLY) Sets New 12-Month High at $47.29

John Wiley & Sons, Inc. (NYSE:WLY)’s share price reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $47.29 and last traded at $47.15, with a volume of 49479 shares changing hands. The stock had previously closed at $46.16.

John Wiley & Sons Trading Up 1.5 %

The business’s fifty day moving average is $39.34 and its 200-day moving average is $36.64. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.49 and a current ratio of 0.52. The firm has a market cap of $2.55 billion, a P/E ratio of -13.00 and a beta of 0.86.

John Wiley & Sons (NYSE:WLY) last released its quarterly earnings results on Thursday, June 13th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.81 by $0.40. John Wiley & Sons had a negative net margin of 10.69% and a positive return on equity of 18.82%. The firm had revenue of $468.46 million during the quarter, compared to the consensus estimate of $438.70 million. During the same quarter last year, the firm earned $1.45 earnings per share. The company’s revenue for the quarter was down 11.0% on a year-over-year basis. Analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Tuesday, July 9th will be paid a $0.3525 dividend. This is a positive change from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date is Tuesday, July 9th. John Wiley & Sons’s payout ratio is currently -38.74%.

Institutional Trading of John Wiley & Sons

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Mission Wealth Management LP boosted its position in shares of John Wiley & Sons by 3.1% during the 1st quarter. Mission Wealth Management LP now owns 11,629 shares of the company’s stock valued at $443,000 after purchasing an additional 350 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of John Wiley & Sons by 96.9% in the 1st quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock worth $29,000 after acquiring an additional 371 shares during the last quarter. Adirondack Trust Co. boosted its stake in John Wiley & Sons by 23.5% during the 4th quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock valued at $70,000 after purchasing an additional 400 shares during the last quarter. State Board of Administration of Florida Retirement System increased its holdings in John Wiley & Sons by 5.3% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 12,826 shares of the company’s stock worth $497,000 after purchasing an additional 640 shares in the last quarter. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of John Wiley & Sons in the fourth quarter worth approximately $29,000. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc operates as a research and education company worldwide. The company operates through three segments: Research, Academic, and Talent. The company offers scientific, technical, medical, and scholarly journals, as well as related content and services to learned societies, individual researchers, other professionals, and academic, corporate, and government libraries.