John Wiley & Sons (NYSE:WLY) Shares Gap Up Following Strong Earnings

John Wiley & Sons, Inc. (NYSE:WLY)’s stock price gapped up before the market opened on Tuesday following a better than expected earnings announcement. The stock had previously closed at $37.03, but opened at $40.80. John Wiley & Sons shares last traded at $39.73, with a volume of 104,426 shares.

The company reported $1.37 earnings per share for the quarter, topping the consensus estimate of $1.27 by $0.10. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. The business’s quarterly revenue was down 5.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.21 EPS.

John Wiley & Sons Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, April 24th. Shareholders of record on Tuesday, April 8th were paid a dividend of $0.3525 per share. The ex-dividend date was Tuesday, April 8th. This represents a $1.41 dividend on an annualized basis and a yield of 3.44%. John Wiley & Sons’s dividend payout ratio (DPR) is currently 190.54%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Vanguard Group Inc. raised its position in John Wiley & Sons by 0.4% in the 4th quarter. Vanguard Group Inc. now owns 5,318,812 shares of the company’s stock valued at $232,485,000 after buying an additional 21,748 shares during the last quarter. Brown Advisory Inc. grew its stake in shares of John Wiley & Sons by 15.4% in the 1st quarter. Brown Advisory Inc. now owns 1,184,954 shares of the company’s stock worth $52,802,000 after acquiring an additional 158,192 shares in the last quarter. William Blair Investment Management LLC raised its holdings in shares of John Wiley & Sons by 2.5% in the fourth quarter. William Blair Investment Management LLC now owns 1,053,035 shares of the company’s stock valued at $46,028,000 after purchasing an additional 25,667 shares during the last quarter. Burgundy Asset Management Ltd. lifted its position in shares of John Wiley & Sons by 1.7% during the fourth quarter. Burgundy Asset Management Ltd. now owns 1,027,831 shares of the company’s stock valued at $44,926,000 after purchasing an additional 17,583 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in John Wiley & Sons by 4.1% during the fourth quarter. Geode Capital Management LLC now owns 917,596 shares of the company’s stock worth $40,117,000 after purchasing an additional 35,888 shares during the last quarter. Institutional investors own 73.94% of the company’s stock.

John Wiley & Sons Stock Up 10.8%

The company has a current ratio of 0.66, a quick ratio of 0.61 and a debt-to-equity ratio of 1.26. The firm has a market capitalization of $2.21 billion, a P/E ratio of -44.92 and a beta of 0.88. The stock’s 50-day simple moving average is $41.80 and its 200-day simple moving average is $42.67.

John Wiley & Sons Company Profile

John Wiley & Sons, Inc engages in the provision of research and learning materials. It operates through the following segments: Research, Learning, and Held for Sale or Sold. The Research segment consists of research publishing and research solutions. The Learning segment includes academic and professional reporting lines and consists of publishing and related knowledge solutions.