Waddell & Reed Financial, Inc. (WDR) Expected to Announce Earnings of $0.43 Per Share

Equities research analysts forecast that Waddell & Reed Financial, Inc. (NYSE:WDR) will report earnings of $0.43 per share for the current fiscal quarter, according to Zacks. Three analysts have provided estimates for Waddell & Reed Financial’s earnings. The highest EPS estimate is $0.45 and the lowest is $0.40. Waddell & Reed Financial posted earnings of $0.48 per share during the same quarter last year, which would suggest a negative year over year growth rate of 10.4%. The firm is expected to announce its next quarterly earnings report before the market opens on Tuesday, January 30th.

According to Zacks, analysts expect that Waddell & Reed Financial will report full-year earnings of $1.56 per share for the current year, with EPS estimates ranging from $1.53 to $1.59. For the next financial year, analysts anticipate that the company will post earnings of $1.89 per share, with EPS estimates ranging from $1.60 to $2.08. Zacks Investment Research’s earnings per share averages are an average based on a survey of research firms that follow Waddell & Reed Financial.

Waddell & Reed Financial (NYSE:WDR) last posted its quarterly earnings data on Tuesday, October 24th. The asset manager reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. Waddell & Reed Financial had a net margin of 10.10% and a return on equity of 16.81%. The company had revenue of $289.45 million during the quarter, compared to analyst estimates of $285.30 million. During the same period in the prior year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was down 4.5% on a year-over-year basis.

A number of analysts have commented on WDR shares. ValuEngine raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research raised shares of Waddell & Reed Financial from a “hold” rating to a “buy” rating and set a $23.00 price objective for the company in a research note on Thursday, October 5th. Jefferies Group upped their target price on Waddell & Reed Financial from $19.00 to $20.00 and gave the company a “hold” rating in a report on Tuesday, October 10th. Royal Bank of Canada set a $18.00 target price on Waddell & Reed Financial and gave the company a “sell” rating in a report on Wednesday, October 18th. Finally, Bank of America upped their target price on Waddell & Reed Financial from $17.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. Six investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $19.75.

In related news, CAO John E. Sundeen, Jr. sold 45,168 shares of the stock in a transaction that occurred on Thursday, December 21st. The stock was sold at an average price of $22.48, for a total value of $1,015,376.64. Following the transaction, the chief accounting officer now owns 270,437 shares in the company, valued at $6,079,423.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CMO Thomas W. Butch sold 5,000 shares of the stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $19.26, for a total value of $96,300.00. Following the completion of the transaction, the chief marketing officer now owns 248 shares in the company, valued at approximately $4,776.48. The disclosure for this sale can be found here. Insiders sold a total of 100,619 shares of company stock worth $2,192,613 in the last quarter. 3.80% of the stock is owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the stock. Eaton Vance Management grew its holdings in Waddell & Reed Financial by 0.9% during the second quarter. Eaton Vance Management now owns 16,538 shares of the asset manager’s stock valued at $312,000 after purchasing an additional 149 shares during the last quarter. Franklin Resources Inc. grew its holdings in Waddell & Reed Financial by 3.9% during the second quarter. Franklin Resources Inc. now owns 12,607 shares of the asset manager’s stock valued at $238,000 after purchasing an additional 477 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Waddell & Reed Financial by 1.4% during the second quarter. Wells Fargo & Company MN now owns 130,072 shares of the asset manager’s stock valued at $2,456,000 after purchasing an additional 1,735 shares during the last quarter. Teachers Advisors LLC grew its holdings in Waddell & Reed Financial by 1.4% during the second quarter. Teachers Advisors LLC now owns 150,524 shares of the asset manager’s stock valued at $2,842,000 after purchasing an additional 2,120 shares during the last quarter. Finally, Bancorpsouth Inc. grew its holdings in Waddell & Reed Financial by 4.7% during the second quarter. Bancorpsouth Inc. now owns 47,630 shares of the asset manager’s stock valued at $899,000 after purchasing an additional 2,153 shares during the last quarter. Hedge funds and other institutional investors own 95.77% of the company’s stock.

Waddell & Reed Financial (NYSE:WDR) traded up $0.24 during mid-day trading on Monday, reaching $22.97. 892,700 shares of the company’s stock were exchanged, compared to its average volume of 902,492. The company has a quick ratio of 1.14, a current ratio of 3.02 and a debt-to-equity ratio of 0.11. Waddell & Reed Financial has a 52 week low of $16.11 and a 52 week high of $23.48. The stock has a market capitalization of $1,915.03, a price-to-earnings ratio of 16.53 and a beta of 2.11.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Thursday, January 11th will be issued a $0.25 dividend. The ex-dividend date is Wednesday, January 10th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.35%. Waddell & Reed Financial’s dividend payout ratio is 71.94%.

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About Waddell & Reed Financial

Waddell & Reed Financial, Inc, incorporated on December 24, 1981, is a holding company. The Company is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting, and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds (the Advisors Funds), Ivy Funds, Ivy Funds Variable Insurance Portfolios (Ivy Funds VIP), InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV (the SICAV) and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts.

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Earnings History and Estimates for Waddell & Reed Financial (NYSE:WDR)

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