WisdomTree Investments, Inc. (WETF) Expected to Announce Quarterly Sales of $58.52 Million
Equities research analysts predict that WisdomTree Investments, Inc. (NASDAQ:WETF) will post $58.52 million in sales for the current quarter, according to Zacks. Four analysts have provided estimates for WisdomTree Investments’ earnings, with the lowest sales estimate coming in at $58.02 million and the highest estimate coming in at $59.05 million. WisdomTree Investments reported sales of $51.79 million in the same quarter last year, which indicates a positive year over year growth rate of 13%. The company is scheduled to issue its next quarterly earnings results on Friday, October 27th.
On average, analysts expect that WisdomTree Investments will report full-year sales of $58.52 million for the current year, with estimates ranging from $229.40 million to $238.33 million. For the next financial year, analysts forecast that the business will report sales of $262.64 million per share, with estimates ranging from $246.90 million to $277.50 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 issued its quarterly earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. The firm had revenue of $63.40 million for the quarter, compared to analysts’ expectations of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. WisdomTree Investments’s revenue was up 13.2% on a year-over-year basis. During the same quarter last year, the business posted $0.07 EPS.
A number of brokerages have recently issued reports on WETF. ValuEngine downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, July 20th. Zacks Investment Research downgraded WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Wednesday, July 26th. Gabelli reissued a “buy” rating on shares of WisdomTree Investments in a research note on Monday, July 31st. BidaskClub downgraded WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Finally, UBS AG reissued a “sell” rating and issued a $8.00 price objective (up from $7.50) on shares of WisdomTree Investments in a research note on Monday, July 31st. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $10.11.
WisdomTree Investments (NASDAQ WETF) opened at 9.1931 on Thursday. The company has a 50-day moving average price of $9.93 and a 200-day moving average price of $9.37. The stock has a market cap of $1.24 billion, a PE ratio of 41.7868 and a beta of 3.09. WisdomTree Investments has a 52 week low of $7.87 and a 52 week high of $13.32.
The company also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were given a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date was Monday, August 7th. WisdomTree Investments’s payout ratio is 145.46%.
In related news, Director Bruce I. Lavine sold 10,289 shares of the business’s stock in a transaction dated Friday, August 4th. The stock was sold at an average price of $10.10, for a total value of $103,918.90. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 16.10% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Penserra Capital Management LLC purchased a new stake in shares of WisdomTree Investments during the second quarter worth approximately $107,000. State of Alaska Department of Revenue purchased a new stake in shares of WisdomTree Investments during the first quarter worth approximately $115,000. Shelton Capital Management purchased a new stake in shares of WisdomTree Investments during the second quarter worth approximately $116,000. Capstone Asset Management Co. purchased a new stake in shares of WisdomTree Investments during the first quarter worth approximately $120,000. Finally, Tudor Investment Corp ET AL purchased a new stake in shares of WisdomTree Investments during the first quarter worth approximately $123,000. 92.71% of the stock is owned by institutional investors and hedge funds.
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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