John Wiley & Sons (NYSE:WLY) Trading Down 5.6% – What’s Next?

Shares of John Wiley & Sons, Inc. (NYSE:WLY) dropped 5.6% on Wednesday . The stock traded as low as $44.47 and last traded at $44.12. Approximately 218,876 shares changed hands during mid-day trading, a decline of 33% from the average daily volume of 325,781 shares. The stock had previously closed at $46.73.

John Wiley & Sons Stock Performance

The company has a quick ratio of 0.61, a current ratio of 0.66 and a debt-to-equity ratio of 1.26. The company’s 50-day moving average is $41.67 and its two-hundred day moving average is $45.97. The company has a market cap of $2.38 billion, a P/E ratio of -48.47 and a beta of 0.82.

John Wiley & Sons (NYSE:WLY) last posted its earnings results on Thursday, March 6th. The company reported $0.84 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.45 by $0.39. The business had revenue of $404.63 million for the quarter, compared to analysts’ expectations of $401.10 million. John Wiley & Sons had a negative net margin of 2.82% and a positive return on equity of 24.14%. Equities analysts predict that John Wiley & Sons, Inc. will post 3.42 EPS for the current year.

John Wiley & Sons Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, December 26th were paid a dividend of $0.3525 per share. The ex-dividend date of this dividend was Thursday, December 26th. This is an increase from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a dividend yield of 3.20%. John Wiley & Sons’s dividend payout ratio (DPR) is 190.54%.

Institutional Investors Weigh In On John Wiley & Sons

Several institutional investors have recently added to or reduced their stakes in the company. Berry Wealth Group LP increased its stake in shares of John Wiley & Sons by 5.4% during the fourth quarter. Berry Wealth Group LP now owns 4,991 shares of the company’s stock valued at $218,000 after buying an additional 255 shares during the period. Hsbc Holdings PLC lifted its position in John Wiley & Sons by 3.6% during the fourth quarter. Hsbc Holdings PLC now owns 7,349 shares of the company’s stock valued at $322,000 after buying an additional 257 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in John Wiley & Sons by 0.3% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 98,284 shares of the company’s stock worth $4,742,000 after acquiring an additional 342 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of John Wiley & Sons by 10.4% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 3,700 shares of the company’s stock valued at $161,000 after purchasing an additional 350 shares during the last quarter. Finally, Corebridge Financial Inc. increased its position in John Wiley & Sons by 1.9% during the 4th quarter. Corebridge Financial Inc. now owns 21,294 shares of the company’s stock valued at $931,000 after buying an additional 394 shares in the last quarter. Hedge funds and other institutional investors own 73.94% of the company’s stock.

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.