Equities analysts predict that WisdomTree Investments (NASDAQ:WETF) will post earnings of $0.09 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for WisdomTree Investments’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.08. WisdomTree Investments also posted earnings per share of $0.09 during the same quarter last year. The business is scheduled to report its next earnings report on Friday, July 27th.
On average, analysts expect that WisdomTree Investments will report full year earnings of $0.38 per share for the current year, with EPS estimates ranging from $0.35 to $0.41. For the next year, analysts expect that the business will report earnings of $0.47 per share, with EPS estimates ranging from $0.44 to $0.52. Zacks’ EPS averages are a mean average based on a survey of research analysts that that provide coverage for WisdomTree Investments.
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WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, April 27th. The asset manager reported $0.08 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.08. The firm had revenue of $59.61 million during the quarter, compared to the consensus estimate of $59.32 million. WisdomTree Investments had a return on equity of 18.28% and a net margin of 12.27%. The firm’s revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the business earned $0.05 EPS.
A number of research analysts recently commented on the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $12.00 price objective on shares of WisdomTree Investments in a research note on Friday, February 2nd. Deutsche Bank lowered their price objective on WisdomTree Investments from $13.00 to $12.00 and set a “buy” rating for the company in a research note on Friday, April 6th. Citigroup lowered their price objective on WisdomTree Investments from $15.00 to $13.50 and set a “buy” rating for the company in a research note on Tuesday, February 6th. Bank of America lowered their price objective on WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating for the company in a research note on Monday, February 5th. Finally, Zacks Investment Research cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Saturday, April 14th. Two investment analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $11.98.
WETF traded up $0.17 during trading on Friday, reaching $11.67. 140,750 shares of the company were exchanged, compared to its average volume of 1,574,151. The company has a market cap of $1.74 billion, a P/E ratio of 48.48, a PEG ratio of 2.00 and a beta of 2.63. WisdomTree Investments has a 52 week low of $11.55 and a 52 week high of $11.72.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 23rd. Stockholders of record on Wednesday, May 9th will be paid a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, May 8th. This represents a $0.12 annualized dividend and a dividend yield of 1.03%. WisdomTree Investments’s payout ratio is 50.00%.
In other news, insider David J. Abner sold 25,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $10.52, for a total value of $263,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Michael H. Steinhardt sold 177,009 shares of the company’s stock in a transaction on Thursday, March 8th. The shares were sold at an average price of $9.94, for a total value of $1,759,469.46. The disclosure for this sale can be found here. In the last three months, insiders sold 941,936 shares of company stock valued at $9,354,156. Company insiders own 16.60% of the company’s stock.
Several institutional investors have recently made changes to their positions in the company. TimesSquare Capital Management LLC lifted its holdings in shares of WisdomTree Investments by 16.3% in the fourth quarter. TimesSquare Capital Management LLC now owns 8,403,900 shares of the asset manager’s stock valued at $105,469,000 after buying an additional 1,176,600 shares during the period. Fred Alger Management Inc. lifted its holdings in shares of WisdomTree Investments by 26.2% in the fourth quarter. Fred Alger Management Inc. now owns 7,392,054 shares of the asset manager’s stock valued at $92,770,000 after buying an additional 1,535,994 shares during the period. Clearbridge Investments LLC lifted its holdings in shares of WisdomTree Investments by 0.7% in the fourth quarter. Clearbridge Investments LLC now owns 4,842,415 shares of the asset manager’s stock valued at $60,772,000 after buying an additional 34,160 shares during the period. Standard Life Aberdeen plc lifted its holdings in shares of WisdomTree Investments by 19.4% in the fourth quarter. Standard Life Aberdeen plc now owns 3,694,333 shares of the asset manager’s stock valued at $46,383,000 after buying an additional 600,276 shares during the period. Finally, Granite Investment Partners LLC lifted its holdings in shares of WisdomTree Investments by 1.7% in the fourth quarter. Granite Investment Partners LLC now owns 1,483,974 shares of the asset manager’s stock valued at $18,624,000 after buying an additional 24,513 shares during the period. Institutional investors and hedge funds own 77.00% of the company’s stock.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
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