Waddell & Reed Financial (WDR) Releases Quarterly Earnings, Beats Expectations By $0.03 EPS
Waddell & Reed Financial (NYSE:WDR) announced its earnings results on Tuesday. The company reported $0.88 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.85 by $0.03, StockRatingsNetwork.com reports. The company had revenue of $390.40 million for the quarter, compared to the consensus estimate of $388.87 million.
A number of research firms have recently commented on WDR. Analysts at Zacks reiterated an “outperform” rating on shares of Waddell & Reed Financial in a research note on Tuesday, April 15th. They now have a $74.50 price target on the stock. On a related note, analysts at Citigroup Inc. cut their price target on shares of Waddell & Reed Financial from $86.00 to $85.00 in a research note on Wednesday, April 9th. They now have a “buy” rating on the stock. Finally, analysts at Morgan Stanley raised their price target on shares of Waddell & Reed Financial from $75.00 to $80.00 in a research note on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $74.06.
Waddell & Reed Financial (NYSE:WDR) opened at 66.43 on Tuesday. Waddell & Reed Financial has a one year low of $41.53 and a one year high of $76.46. The stock’s 50-day moving average is $70.8 and its 200-day moving average is $66.24. The company has a market cap of $5.637 billion and a price-to-earnings ratio of 22.76.
The company also recently announced a quarterly dividend, which is scheduled for Thursday, May 1st. Investors of record on Monday, April 14th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Thursday, April 10th.
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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