Brokerages Expect WisdomTree Investments, Inc. (WETF) Will Announce Earnings of $0.06 Per Share
Wall Street analysts expect WisdomTree Investments, Inc. (NASDAQ:WETF) to post $0.06 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for WisdomTree Investments’ earnings, with estimates ranging from $0.06 to $0.07. WisdomTree Investments also reported earnings per share of $0.06 in the same quarter last year. The company is scheduled to report its next earnings results before the market opens on Friday, October 27th.
According to Zacks, analysts expect that WisdomTree Investments will report full year earnings of $0.25 per share for the current year, with EPS estimates ranging from $0.22 to $0.27. For the next financial year, analysts forecast that the company will post earnings of $0.34 per share, with EPS estimates ranging from $0.28 to $0.40. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last released its 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 during the quarter, compared to analyst estimates of $57.27 million. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The business’s revenue was up 13.2% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.07 EPS.
WETF has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Tuesday, August 1st. Zacks Investment Research cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday. BidaskClub cut shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Keefe, Bruyette & Woods reiterated a “sell” rating and issued a $9.25 price target on shares of WisdomTree Investments in a research note on Thursday, September 21st. Finally, UBS AG reiterated a “sell” rating and issued a $8.00 price target (up previously from $7.50) on shares of WisdomTree Investments in a research note on Monday, July 31st. Six analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. WisdomTree Investments has an average rating of “Hold” and an average target price of $10.25.
In other WisdomTree Investments news, Director Bruce I. Lavine sold 10,289 shares of the firm’s stock in a transaction dated Friday, August 4th. The shares were sold at an average price of $10.10, for a total value of $103,918.90. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 16.10% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the business. Penserra Capital Management LLC bought a new position in WisdomTree Investments in the 2nd quarter valued at about $107,000. Shelton Capital Management bought a new position in WisdomTree Investments in the 2nd quarter valued at about $116,000. Quantitative Systematic Strategies LLC bought a new position in WisdomTree Investments in the 2nd quarter valued at about $133,000. Aperio Group LLC increased its holdings in WisdomTree Investments by 31.7% in the 2nd 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. Finally, Tudor Investment Corp ET AL bought a new position in WisdomTree Investments in the 1st quarter valued at about $123,000. 92.49% of the stock is currently owned by hedge funds and other institutional investors.
WisdomTree Investments (NASDAQ WETF) opened at 10.52 on Thursday. The firm’s 50-day moving average is $9.27 and its 200-day moving average is $9.42. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.32. The firm has a market cap of $1.42 billion, a price-to-earnings ratio of 47.82 and a beta of 3.15.
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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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