Waddell & Reed Financial (WDR) Scheduled to Post Earnings on Tuesday
Waddell & Reed Financial (NYSE:WDR) will post its Q313 quarterly earnings results on Tuesday, October 29th. Analysts expect Waddell & Reed Financial to post earnings of $0.70 per share and revenue of $335.30 million for the quarter. Persons interested in participating in the company’s earnings conference call can do so using this link.
Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, July 30th. The company reported $0.67 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.64 by $0.03. The company had revenue of $331.70 million for the quarter, compared to the consensus estimate of $329.30 million. During the same quarter last year, the company posted $0.52 earnings per share. Waddell & Reed Financial’s revenue was up 14.5% compared to the same quarter last year. On average, analysts expect Waddell & Reed Financial to post $2.72 EPS for the current fiscal year and $3.23 EPS for the next fiscal year.
Waddell & Reed Financial (NYSE:WDR) opened at 60.18 on Monday. Waddell & Reed Financial has a 52-week low of $29.09 and a 52-week high of $55.03. The stock has a 50-day moving average of $50.20 and a 200-day moving average of $45.77. The company has a market cap of $5.157 billion and a P/E ratio of 30.41.
The company also recently announced a quarterly dividend, which is scheduled for Friday, November 1st. Stockholders of record on Friday, October 11th will be paid a dividend of $0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 1.86%. The ex-dividend date is Wednesday, October 9th.
WDR has been the subject of a number of recent research reports. Analysts at Zacks upgraded shares of Waddell & Reed Financial from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday, October 10th. They now have a $56.00 price target on the stock. On the ratings front, analysts at Keefe, Bruyette & Woods raised their price target on shares of Waddell & Reed Financial from $53.00 to $58.00 in a research note to investors on Wednesday, October 9th. They now have a “hold” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Waddell & Reed Financial from $51.00 to $58.00 in a research note to investors on Thursday, October 3rd. They now have an “equal weight” rating on the stock. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $48.78.
Waddell & Reed Financial, Inc is engaged in providing investment management, investment product underwriting and distribution, and shareholder services administration to mutual funds and institutional and separately managed accounts.
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