WisdomTree Investments, Inc. (WETF) Expected to Post Earnings of $0.06 Per Share
Equities research analysts expect WisdomTree Investments, Inc. (NASDAQ:WETF) to post earnings per share (EPS) of $0.06 for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for WisdomTree Investments’ earnings. The lowest EPS estimate is $0.06 and the highest is $0.07. WisdomTree Investments also reported earnings per share of $0.06 in the same quarter last year. The firm is expected to announce its next earnings results on Friday, October 27th.
On average, analysts expect that WisdomTree Investments will report full-year earnings of $0.25 per share for the current financial year, with EPS estimates ranging from $0.22 to $0.28. For the next year, analysts expect that the firm will post earnings of $0.34 per share, with EPS estimates ranging from $0.28 to $0.40. Zacks’ EPS averages are a mean average based on a survey of research firms that cover WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings data on Friday, July 28th. The asset manager reported $0.09 EPS for the quarter, beating analysts’ consensus estimates of $0.07 by $0.02. The business had revenue of $63.40 million for the quarter, compared to the consensus estimate of $57.27 million. WisdomTree Investments had a return on equity of 15.41% and a net margin of 13.33%. The business’s revenue for the quarter was up 13.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.07 EPS.
A number of research firms have issued reports on WETF. ValuEngine downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Zacks Investment Research downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. BidaskClub downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Monday, July 31st. Gabelli reaffirmed a “buy” rating on shares of WisdomTree Investments in a report on Monday, July 31st. Finally, UBS AG reaffirmed a “sell” rating and set a $8.00 price target (up previously from $7.50) on shares of WisdomTree Investments in a report on Monday, July 31st. Five investment analysts have rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company. WisdomTree Investments currently has an average rating of “Hold” and an average price target of $10.11.
WisdomTree Investments (WETF) traded down 1.20% on Friday, reaching $9.08. The company had a trading volume of 1,942,438 shares. The stock has a 50 day moving average of $9.32 and a 200 day moving average of $9.38. The firm has a market capitalization of $1.22 billion, a PE ratio of 41.27 and a beta of 3.14. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.32.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Investors of record on Wednesday, August 9th were given a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a yield of 3.52%. The ex-dividend date was Monday, August 7th. WisdomTree Investments’s dividend payout ratio is 145.46%.
In related news, Director Bruce I. Lavine sold 19,849 shares of the company’s stock in a transaction that occurred on Tuesday, August 8th. The shares were sold at an average price of $9.95, for a total transaction of $197,497.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 16.10% of the stock is owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in WETF. BlackRock Inc. increased its position in WisdomTree Investments by 25,214.1% during the 1st quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock worth $121,669,000 after purchasing an additional 13,346,857 shares in the last quarter. Clarity Capital KCPS Ltd. acquired a new position in WisdomTree Investments during the 1st quarter worth approximately $530,215,000. Janus Henderson Group PLC acquired a new position in WisdomTree Investments during the 2nd quarter worth approximately $46,241,000. Capital World Investors increased its position in WisdomTree Investments by 123.0% during the 2nd quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock worth $69,156,000 after purchasing an additional 3,750,000 shares in the last quarter. Finally, TimesSquare Capital Management LLC increased its position in WisdomTree Investments by 67.9% during the 1st quarter. TimesSquare Capital Management LLC now owns 7,383,500 shares of the asset manager’s stock worth $67,042,000 after purchasing an additional 2,987,215 shares in the last quarter. Institutional investors and hedge funds own 92.71% of the company’s stock.
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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