$0.07 EPS Expected for WisdomTree Investments, Inc. (WETF) This Quarter

Wall Street analysts forecast that WisdomTree Investments, Inc. (NASDAQ:WETF) will post earnings of $0.07 per share for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for WisdomTree Investments’ earnings, with the lowest EPS estimate coming in at $0.06 and the highest estimate coming in at $0.07. WisdomTree Investments posted earnings per share of $0.03 during the same quarter last year, which indicates a positive year-over-year growth rate of 133.3%. The business is expected to report its next quarterly earnings report before the market opens on Friday, February 2nd.

On average, analysts expect that WisdomTree Investments will report full year earnings of $0.25 per share for the current fiscal year, with EPS estimates ranging from $0.23 to $0.27. For the next financial year, analysts anticipate that the firm will post earnings of $0.43 per share, with EPS estimates ranging from $0.33 to $0.51. Zacks’ earnings per share calculations are a mean average based on a survey of analysts that that provide coverage for WisdomTree Investments.

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

WETF has been the topic of a number of recent analyst reports. Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Thursday, October 5th. Keefe, Bruyette & Woods reissued a “sell” rating and issued a $10.00 price objective on shares of WisdomTree Investments in a research note on Thursday, October 12th. Deutsche Bank initiated coverage on WisdomTree Investments in a research note on Tuesday, October 17th. They issued a “buy” rating and a $13.00 price objective on the stock. Northland Securities reissued a “hold” rating and issued a $12.00 price objective on shares of WisdomTree Investments in a research note on Sunday, October 29th. Finally, Citigroup reissued a “buy” rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research note on Monday, October 30th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average price target of $12.06.

Shares of WisdomTree Investments (NASDAQ:WETF) traded up $0.09 during trading hours on Monday, hitting $12.90. The stock had a trading volume of 1,117,400 shares, compared to its average volume of 1,081,738. The firm has a market cap of $1,766.16, a P/E ratio of 58.64, a price-to-earnings-growth ratio of 1.99 and a beta of 3.16. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.41.

In related news, Director Frank Salerno sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 16.60% of the stock is currently owned by corporate insiders.

A number of hedge funds have recently bought and sold shares of WETF. Everence Capital Management Inc. bought a new stake in WisdomTree Investments during the 3rd quarter worth approximately $103,000. Traynor Capital Management Inc. bought a new stake in WisdomTree Investments during the 3rd quarter worth approximately $111,000. 3D Asset Management Inc. bought a new stake in WisdomTree Investments during the 3rd quarter worth approximately $112,000. Shelton Capital Management bought a new stake in WisdomTree Investments during the 2nd quarter worth approximately $116,000. Finally, Jane Street Group LLC bought a new stake in WisdomTree Investments during the 3rd quarter worth approximately $129,000. 89.43% of the stock is currently owned by institutional investors and hedge funds.

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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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