WisdomTree Investments, Inc. (NASDAQ:WETF) Expected to Post Earnings of $0.07 Per Share
Equities research analysts expect WisdomTree Investments, Inc. (NASDAQ:WETF) to announce earnings per share (EPS) of $0.07 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for WisdomTree Investments’ earnings, with the highest EPS estimate coming in at $0.08 and the lowest estimate coming in at $0.05. WisdomTree Investments posted earnings per share of $0.03 during the same quarter last year, which indicates a positive year over year growth rate of 133.3%. The firm is scheduled to issue its next earnings results before the market opens on Friday, July 28th.
According to Zacks, analysts expect that WisdomTree Investments will report full-year earnings of $0.26 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.35. For the next fiscal year, analysts expect that the firm will report earnings of $0.37 per share, with EPS estimates ranging from $0.28 to $0.55. Zacks Investment Research’s EPS calculations are an average based on a survey of research analysts that follow WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, April 28th. The asset manager reported $0.05 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.01. The firm had revenue of $54.60 million during the quarter, compared to analysts’ expectations of $53.38 million. WisdomTree Investments had a net margin of 9.83% and a return on equity of 11.15%. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis. During the same period in the prior year, the company posted $0.09 earnings per share.
WETF has been the subject of a number of analyst reports. Citigroup Inc. raised shares of WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 target price for the company in a research note on Monday, May 15th. BidaskClub upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a report on Saturday, June 17th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $8.00 target price on shares of WisdomTree Investments in a report on Monday, April 10th. Zacks Investment Research downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Finally, Jefferies Group LLC restated a “buy” rating and set a $14.00 price target on shares of WisdomTree Investments in a report on Wednesday, June 28th. Five research analysts have rated the stock with a sell rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $9.94.
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Several large investors have recently bought and sold shares of the company. State of Alaska Department of Revenue bought a new stake in shares of WisdomTree Investments during the first quarter worth approximately $115,000. Capstone Asset Management Co. acquired a new position in shares of WisdomTree Investments during the first quarter valued at about $120,000. Aperio Group LLC raised its position in shares of WisdomTree Investments by 31.7% in the second quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock valued at $136,000 after buying an additional 3,212 shares during the period. Tudor Investment Corp ET AL acquired a new position in shares of WisdomTree Investments during the first quarter valued at about $123,000. Finally, GSA Capital Partners LLP raised its position in shares of WisdomTree Investments by 0.8% in the fourth quarter. GSA Capital Partners LLP now owns 17,544 shares of the asset manager’s stock valued at $195,000 after buying an additional 144 shares during the period.
WisdomTree Investments (NASDAQ:WETF) traded up 0.09% on Friday, reaching $10.72. 117,244 shares of the company traded hands. The company has a 50-day moving average price of $10.09 and a 200-day moving average price of $9.55. The company has a market capitalization of $1.44 billion, a P/E ratio of 71.47 and a beta of 3.10. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.32.
About WisdomTree Investments
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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