Wall Street analysts expect WisdomTree Investments, Inc. (NASDAQ:WETF) to announce sales of $62.13 million for the current fiscal quarter, Zacks Investment Research reports. Four analysts have provided estimates for WisdomTree Investments’ earnings, with the lowest sales estimate coming in at $61.20 million and the highest estimate coming in at $63.26 million. WisdomTree Investments reported sales of $54.60 million in the same quarter last year, which would suggest a positive year-over-year growth rate of 13.8%. The company is expected to report its next quarterly earnings results on Friday, April 27th.
On average, analysts expect that WisdomTree Investments will report full-year sales of $62.13 million for the current financial year, with estimates ranging from $253.60 million to $329.43 million. For the next fiscal year, analysts anticipate that the company will report sales of $340.26 million per share, with estimates ranging from $269.70 million to $410.68 million. Zacks’ sales calculations are a mean average based on a survey of research firms that follow WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.03). The firm had revenue of $61.39 million for the quarter, compared to analyst estimates of $60.89 million. WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.00%. The company’s revenue was up 20.8% compared to the same quarter last year. During the same period last year, the company earned $0.03 EPS.
In other WisdomTree Investments news, Director Frank Salerno sold 50,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $11.71, for a total value of $585,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kurt Macalpine purchased 19,710 shares of the stock in a transaction on Monday, February 5th. The stock was acquired at an average price of $10.38 per share, with a total value of $204,589.80. The disclosure for this purchase can be found here. 16.10% of the stock is owned by corporate insiders.
Institutional investors have recently made changes to their positions in the business. Everence Capital Management Inc. bought a new stake in shares of WisdomTree Investments in the third quarter worth about $103,000. Traynor Capital Management Inc. bought a new stake in shares of WisdomTree Investments in the third quarter worth about $111,000. 3D Asset Management Inc. bought a new stake in shares of WisdomTree Investments in the third quarter worth about $112,000. Shelton Capital Management bought a new stake in shares of WisdomTree Investments in the second quarter worth about $116,000. Finally, Jane Street Group LLC bought a new stake in shares of WisdomTree Investments in the third quarter worth about $129,000. Institutional investors own 89.75% of the company’s stock.
Shares of WisdomTree Investments (NASDAQ:WETF) opened at $10.05 on Friday. The company has a market capitalization of $1,380.00, a PE ratio of 50.25, a P/E/G ratio of 1.60 and a beta of 2.68. WisdomTree Investments has a fifty-two week low of $7.87 and a fifty-two week high of $13.41.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th will be issued a $0.03 dividend. The ex-dividend date is Tuesday, February 13th. This represents a $0.12 annualized dividend and a dividend yield of 1.19%. WisdomTree Investments’s dividend payout ratio (DPR) is currently 160.00%.
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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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