Analysts forecast that WisdomTree Investments, Inc. (NASDAQ:WETF) will announce $60.03 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 $59.69 million and the highest estimate coming in at $60.70 million. WisdomTree Investments reported sales of $50.80 million during the same quarter last year, which indicates a positive year over year growth rate of 18.2%. The firm is expected to report its next earnings results on Friday, February 2nd.

On average, analysts expect that WisdomTree Investments will report full-year sales of $60.03 million for the current financial year, with estimates ranging from $229.17 million to $236.70 million. For the next financial year, analysts forecast that the business will report sales of $261.59 million per share, with estimates ranging from $250.30 million to $276.00 million. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side analysts that cover WisdomTree Investments.

WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The business had revenue of $57.99 million for the quarter, compared to analyst estimates of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The company’s quarterly revenue was up 12.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.06 EPS.

A number of equities analysts have weighed in on the company. Northland Securities restated a “hold” rating and issued a $12.00 target price on shares of WisdomTree Investments in a research note on Sunday, October 29th. Citigroup Inc. reiterated a “buy” rating and set a $15.00 price objective on shares of WisdomTree Investments in a research report on Monday, October 30th. Zacks Investment Research lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Tuesday, October 31st. Keefe, Bruyette & Woods upgraded WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research report on Tuesday. Finally, UBS AG increased their price objective on WisdomTree Investments from $8.00 to $8.50 and gave the company a “sell” rating in a research report on Tuesday. Five equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $11.28.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Everence Capital Management Inc. bought a new position in WisdomTree Investments during the 3rd quarter worth approximately $103,000. Penserra Capital Management LLC bought a new position in WisdomTree Investments during the 2nd quarter worth approximately $107,000. 3D Asset Management Inc. bought a new position in WisdomTree Investments during the 3rd quarter worth approximately $112,000. Traynor Capital Management Inc. bought a new position in WisdomTree Investments during the 3rd quarter worth approximately $111,000. Finally, Shelton Capital Management bought a new position in WisdomTree Investments during the 2nd quarter worth approximately $116,000. Institutional investors and hedge funds own 91.83% of the company’s stock.

WisdomTree Investments (NASDAQ WETF) opened at $11.13 on Wednesday. The firm has a market capitalization of $1,544.36, a PE ratio of 49.04, a price-to-earnings-growth ratio of 2.81 and a beta of 3.18. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.32.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 22nd. Investors of record on Wednesday, November 8th will be given a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 7th. This represents a $0.32 annualized dividend and a yield of 2.88%. WisdomTree Investments’s payout ratio is 145.46%.

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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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Earnings History and Estimates for WisdomTree Investments (NASDAQ:WETF)

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