John Wiley & Sons (NYSE:WLY) Shares Gap Down Following Weak Earnings

John Wiley & Sons, Inc. (NYSE:WLY) gapped down prior to trading on Thursday following a dissappointing earnings announcement. The stock had previously closed at $47.65, but opened at $44.05. John Wiley & Sons shares last traded at $41.72, with a volume of 36,654 shares.

The company reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.55 by ($0.08). The business had revenue of $403.81 million for the quarter, compared to analysts’ expectations of $387.40 million. John Wiley & Sons had a positive return on equity of 18.82% and a negative net margin of 10.69%. The business’s quarterly revenue was down 10.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.27 earnings per share.

John Wiley & Sons Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Tuesday, July 9th were given a $0.3525 dividend. The ex-dividend date of this dividend was Tuesday, July 9th. This is a boost from John Wiley & Sons’s previous quarterly dividend of $0.35. This represents a $1.41 annualized dividend and a dividend yield of 3.26%. John Wiley & Sons’s dividend payout ratio (DPR) is currently -38.74%.

Hedge Funds Weigh In On John Wiley & Sons

Institutional investors and hedge funds have recently bought and sold shares of the stock. GAMMA Investing LLC grew its stake in shares of John Wiley & Sons by 96.9% during the 1st quarter. GAMMA Investing LLC now owns 754 shares of the company’s stock valued at $29,000 after buying an additional 371 shares during the period. Skandinaviska Enskilda Banken AB publ purchased a new stake in John Wiley & Sons during the second quarter valued at about $60,000. Adirondack Trust Co. increased its stake in John Wiley & Sons by 23.5% during the fourth quarter. Adirondack Trust Co. now owns 2,100 shares of the company’s stock worth $70,000 after acquiring an additional 400 shares during the last quarter. Point72 DIFC Ltd purchased a new position in shares of John Wiley & Sons in the 2nd quarter worth about $100,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of John Wiley & Sons in the 2nd quarter valued at about $121,000. Institutional investors and hedge funds own 73.94% of the company’s stock.

John Wiley & Sons Stock Down 3.2 %

The stock has a fifty day moving average price of $45.81 and a 200-day moving average price of $40.24. The firm has a market cap of $2.35 billion, a PE ratio of -11.87 and a beta of 0.86. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.49 and a current ratio of 0.52.

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.