Brokerages Expect Waddell & Reed Financial, Inc. (WDR) Will Post Earnings of $0.40 Per Share
Brokerages expect Waddell & Reed Financial, Inc. (NYSE:WDR) to post earnings per share of $0.40 for the current quarter, Zacks Investment Research reports. Three analysts have made estimates for Waddell & Reed Financial’s earnings. The highest EPS estimate is $0.44 and the lowest is $0.36. Waddell & Reed Financial posted earnings per share of $0.57 during the same quarter last year, which indicates a negative year-over-year growth rate of 29.8%. The company is scheduled to report its next earnings report before the market opens on Tuesday, May 2nd.
On average, analysts expect that Waddell & Reed Financial will report full-year earnings of $1.55 per share for the current financial year, with EPS estimates ranging from $1.30 to $1.67. For the next fiscal year, analysts anticipate that the business will report earnings of $1.47 per share, with EPS estimates ranging from $1.16 to $1.66. Zacks Investment Research’s earnings per share calculations are an average based on a survey of research firms that that provide coverage for Waddell & Reed Financial.
Waddell & Reed Financial (NYSE:WDR) last issued its earnings results on Tuesday, January 31st. The asset manager reported $0.48 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.48. Waddell & Reed Financial had a return on equity of 22.74% and a net margin of 11.86%. The business earned $292.90 million during the quarter, compared to analysts’ expectations of $290.76 million. During the same quarter in the previous year, the business earned $0.76 EPS. The company’s revenue for the quarter was down 18.9% on a year-over-year basis.
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A number of analysts have issued reports on WDR shares. Zacks Investment Research raised Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $22.00 target price on the stock in a report on Tuesday, January 3rd. Credit Suisse Group AG reaffirmed an “underperform” rating and issued a $16.00 target price on shares of Waddell & Reed Financial in a report on Sunday, February 5th. Evercore ISI lowered Waddell & Reed Financial from a “hold” rating to an “underperform” rating and set a $18.00 target price on the stock. in a report on Friday, March 3rd. Finally, Jefferies Group LLC reaffirmed a “neutral” rating on shares of Waddell & Reed Financial in a report on Wednesday, January 11th. Five research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $19.39.
A number of institutional investors have recently modified their holdings of the stock. Envestnet Asset Management Inc. raised its position in Waddell & Reed Financial by 31.1% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,576 shares of the asset manager’s stock valued at $107,000 after buying an additional 1,323 shares during the period. Tudor Investment Corp Et Al purchased a new position in Waddell & Reed Financial during the fourth quarter valued at approximately $195,000. Ancora Advisors LLC purchased a new position in Waddell & Reed Financial during the fourth quarter valued at approximately $215,000. Dynamic Technology Lab Private Ltd purchased a new position in Waddell & Reed Financial during the fourth quarter valued at approximately $225,000. Finally, Zweig DiMenna Associates LLC purchased a new position in Waddell & Reed Financial during the third quarter valued at approximately $240,000. Hedge funds and other institutional investors own 82.97% of the company’s stock.
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Shares of Waddell & Reed Financial (NYSE:WDR) opened at 17.24 on Thursday. The stock’s 50 day moving average price is $17.35 and its 200-day moving average price is $18.31. Waddell & Reed Financial has a one year low of $15.02 and a one year high of $23.59. The stock has a market cap of $1.45 billion, a PE ratio of 9.70 and a beta of 1.99.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, May 1st. Shareholders of record on Monday, April 10th will be given a $0.46 dividend. The ex-dividend date is Thursday, April 6th. This represents a $1.84 annualized dividend and a yield of 10.67%. Waddell & Reed Financial’s payout ratio is 103.37%.
Waddell & Reed Financial Company Profile
Waddell & Reed Financial, Inc, incorporated on December 24, 1981, is a holding company. The Company is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting, and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds (the Advisors Funds), Ivy Funds, Ivy Funds Variable Insurance Portfolios (Ivy Funds VIP), InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV (the SICAV) and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts.
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