WisdomTree Investments, Inc. (WETF) Expected to Post Quarterly Sales of $56.47 Million
Equities analysts expect WisdomTree Investments, Inc. (NASDAQ:WETF) to report sales of $56.47 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for WisdomTree Investments’ earnings. The highest sales estimate is $57.07 million and the lowest is $56.00 million. WisdomTree Investments posted sales of $55.98 million in the same quarter last year, which indicates a positive year over year growth rate of 0.9%. The business is scheduled to announce its next quarterly earnings report before the market opens on Friday, July 28th.
On average, analysts expect that WisdomTree Investments will report full-year sales of $56.47 million for the current year, with estimates ranging from $228.20 million to $232.50 million. For the next fiscal year, analysts forecast that the firm will post sales of $261.59 million per share, with estimates ranging from $246.90 million to $278.17 million. Zacks’ sales averages are an average based on a survey of research analysts that that provide coverage for WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, April 28th. The asset manager reported $0.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.04 by $0.01. WisdomTree Investments had a net margin of 9.83% and a return on equity of 11.15%. The firm had revenue of $54.60 million during the quarter, compared to the consensus estimate of $53.38 million. During the same quarter last year, the firm earned $0.09 EPS. The firm’s revenue for the quarter was down 10.3% on a year-over-year basis.
Several equities research analysts have recently issued reports on the stock. Citigroup Inc. raised shares of WisdomTree Investments from a “neutral” rating to a “buy” rating and set a $10.50 price objective for the company in a research report on Monday, May 15th. BidaskClub upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating in a research note on Saturday, June 17th. Keefe, Bruyette & Woods restated a “sell” rating and issued a $8.00 target price on shares of WisdomTree Investments in a research note on Monday, April 10th. Zacks Investment Research downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Finally, Jefferies Group LLC restated a “buy” rating and issued a $14.00 target price on shares of WisdomTree Investments in a research note on Wednesday, June 28th. Five analysts have rated the stock with a sell rating and five have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $9.94.
Hedge funds and other institutional investors have recently bought and sold shares of the company. State of Alaska Department of Revenue acquired a new position in WisdomTree Investments during the first quarter worth about $115,000. Capstone Asset Management Co. acquired a new position in WisdomTree Investments during the first quarter worth about $120,000. Tudor Investment Corp ET AL acquired a new position in WisdomTree Investments during the first quarter worth about $123,000. Quantitative Systematic Strategies LLC acquired a new position in WisdomTree Investments during the second quarter worth about $133,000. Finally, Aperio Group LLC increased its position in WisdomTree Investments by 31.7% in the second quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock worth $136,000 after buying an additional 3,212 shares during the last quarter.
Shares of WisdomTree Investments (WETF) opened at 10.54 on Friday. The company has a 50-day moving average of $10.09 and a 200 day moving average of $9.55. WisdomTree Investments has a 12-month low of $7.87 and a 12-month high of $13.32. The firm has a market cap of $1.42 billion, a P/E ratio of 70.27 and a beta of 3.10.
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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