Waddell & Reed Financial (NYSE:WDR) will issue its quarterly earnings data before the market opens on Monday, January 29th. Analysts expect the company to announce earnings of $0.40 per share for the quarter.
Waddell & Reed Financial (NYSE:WDR) last announced its earnings results on Tuesday, October 24th. The asset manager reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.41 by $0.04. The firm had revenue of $289.45 million during the quarter, compared to analysts’ expectations of $285.30 million. Waddell & Reed Financial had a return on equity of 16.81% and a net margin of 10.10%. The business’s revenue was down 4.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.65 EPS. On average, analysts expect Waddell & Reed Financial to post $2 EPS for the current fiscal year and $2 EPS for the next fiscal year.
Shares of Waddell & Reed Financial (WDR) opened at $22.97 on Monday. The stock has a market capitalization of $1,915.03, a PE ratio of 16.53 and a beta of 2.11. The company has a debt-to-equity ratio of 0.11, a current ratio of 3.02 and a quick ratio of 1.14. Waddell & Reed Financial has a 1 year low of $16.11 and a 1 year high of $23.48.
WDR has been the subject of a number of research analyst reports. 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 research report on Wednesday, October 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $21.00 target price on shares of Waddell & Reed Financial in a research report on Thursday, October 26th. Zacks Investment Research cut Waddell & Reed Financial from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research report on Saturday, January 6th. Credit Suisse Group upped their target price on Waddell & Reed Financial from $18.00 to $19.00 and gave the company an “underperform” rating in a research report on Wednesday, October 25th. Finally, 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 research report on Tuesday, October 10th. Six equities research analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company’s stock. Waddell & Reed Financial presently has an average rating of “Hold” and a consensus target price of $19.75.
In other Waddell & Reed Financial news, CMO Thomas W. Butch sold 5,000 shares of the company’s stock in a transaction that occurred on Thursday, November 9th. The stock was sold at an average price of $19.26, for a total transaction of $96,300.00. Following the completion of the sale, the chief marketing officer now directly owns 248 shares of the company’s stock, valued at approximately $4,776.48. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CAO John E. Sundeen, Jr. sold 45,168 shares of the company’s stock in a transaction that occurred on Thursday, December 21st. The shares were sold at an average price of $22.48, for a total value of $1,015,376.64. Following the sale, the chief accounting officer now directly owns 270,437 shares of the company’s stock, valued at $6,079,423.76. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 100,619 shares of company stock valued at $2,192,613. 3.80% of the stock is owned by company insiders.
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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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