Equities analysts predict that WisdomTree Investments, Inc. (NASDAQ:WETF) will announce earnings per share (EPS) of $0.08 for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for WisdomTree Investments’ earnings, with the highest EPS estimate coming in at $0.09 and the lowest estimate coming in at $0.07. WisdomTree Investments posted earnings of $0.05 per share in the same quarter last year, which suggests a positive year-over-year growth rate of 60%. The company is expected to report its next earnings report on Friday, April 27th.
According to Zacks, analysts expect that WisdomTree Investments will report full-year earnings of $0.42 per share for the current financial year, with EPS estimates ranging from $0.37 to $0.47. For the next fiscal year, analysts forecast that the firm will report earnings of $0.51 per share, with EPS estimates ranging from $0.40 to $0.62. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing analysts’ consensus estimates 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 16.16%. The business’s revenue for the quarter was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 EPS.
Shares of WisdomTree Investments (NASDAQ:WETF) opened at $9.63 on Wednesday. The firm has a market cap of $1,330.00, a P/E ratio of 48.15, a price-to-earnings-growth ratio of 1.60 and a beta of 2.74. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.41.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were given a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a dividend yield of 1.25%. The ex-dividend date of this dividend was Tuesday, February 13th. WisdomTree Investments’s dividend payout ratio (DPR) is 60.00%.
In other news, Director Frank Salerno sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $11.71, for a total transaction of $585,500.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Kurt Macalpine acquired 19,710 shares of WisdomTree Investments stock in a transaction dated Monday, February 5th. The shares were bought at an average cost of $10.38 per share, with a total value of $204,589.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have sold 991,936 shares of company stock valued at $9,939,656. Insiders own 16.60% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. TimesSquare Capital Management LLC grew its position in shares of WisdomTree Investments by 16.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 8,403,900 shares of the asset manager’s stock worth $105,469,000 after buying an additional 1,176,600 shares during the period. Fred Alger Management Inc. grew its position in shares of WisdomTree Investments by 26.2% during the 4th quarter. Fred Alger Management Inc. now owns 7,392,054 shares of the asset manager’s stock worth $92,770,000 after buying an additional 1,535,994 shares during the period. Clearbridge Investments LLC grew its position in shares of WisdomTree Investments by 0.7% during the 4th quarter. Clearbridge Investments LLC now owns 4,842,415 shares of the asset manager’s stock worth $60,772,000 after buying an additional 34,160 shares during the period. Standard Life Aberdeen plc grew its position in shares of WisdomTree Investments by 19.4% during the 4th quarter. Standard Life Aberdeen plc now owns 3,694,333 shares of the asset manager’s stock worth $46,383,000 after buying an additional 600,276 shares during the period. Finally, Jackson Square Partners LLC grew its position in shares of WisdomTree Investments by 4.9% during the 3rd quarter. Jackson Square Partners LLC now owns 3,310,365 shares of the asset manager’s stock worth $33,699,000 after buying an additional 153,705 shares during the period. 86.45% of the stock is owned by institutional investors.
WisdomTree Investments Company Profile
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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