WisdomTree Investments, Inc. (WETF) to Release Quarterly Earnings on Thursday
WisdomTree Investments, Inc. (NASDAQ:WETF) is scheduled to be issuing its quarterly earnings data on Thursday, July 27th. Analysts expect the company to announce earnings of $0.06 per share for the quarter.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, April 28th. The asset manager reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of $0.04 by $0.01. WisdomTree Investments had a return on equity of 11.15% and a net margin of 9.83%. The business had revenue of $54.60 million during the quarter, compared to analysts’ expectations of $53.38 million. During the same quarter in the prior year, the firm earned $0.09 earnings per share. The business’s revenue was down 10.3% compared to the same quarter last year. On average, analysts expect WisdomTree Investments to post $0.25 EPS for the current fiscal year and $0.33 EPS for the next fiscal year.
WisdomTree Investments, Inc. (WETF) opened at 10.61 on Thursday. WisdomTree Investments, Inc. has a one year low of $7.87 and a one year high of $13.32. The firm’s 50 day moving average price is $10.06 and its 200-day moving average price is $9.54. The firm has a market cap of $1.43 billion, a PE ratio of 70.73 and a beta of 3.10.
WETF has been the topic of a number of analyst reports. Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $11.00 price objective on the stock in a report on Tuesday, July 4th. Jefferies Group LLC reissued a “buy” rating and set a $14.00 price target on shares of WisdomTree Investments in a research note on Wednesday, June 28th. BidaskClub raised WisdomTree Investments from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Citigroup Inc. raised WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price target on the stock in a research note on Monday, May 15th. Finally, Keefe, Bruyette & Woods reissued a “sell” rating and set a $8.00 price target on shares of WisdomTree Investments in a research note on Monday, April 10th. Four research analysts have rated the stock with a sell rating and five have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus price target of $9.94.
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WisdomTree Investments Company Profile
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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