Zacks: Analysts expect WisdomTree Investments, Inc. (NASDAQ: WETF) to report EPS of $0.10


Wall Street brokerages expect WisdomTree Investments, Inc. (NASDAQ:WETF – Get Rating) to report earnings of $0.10 per share for the current quarter, Zacks reports. Three analysts released earnings estimates for WisdomTree Investments, with the highest EPS estimate at $0.10 and the lowest estimate at $0.09. WisdomTree Investments also posted earnings per share of $0.10 in the same quarter last year. The company is expected to announce its next quarterly earnings report on Monday, January 1.

According to Zacks, analysts expect WisdomTree Investments to report annual earnings of $0.37 per share for the current year, with EPS estimates ranging from $0.34 to $0.40. For the next fiscal year, analysts expect the company to post earnings of $0.40 per share, with EPS estimates ranging from $0.39 to $0.41. Zacks Investment Research’s EPS averages are an average average based on a survey of analysts who provide coverage for WisdomTree Investments.

WisdomTree Investments (NASDAQ:WETF – Get Rating) last released its quarterly results on Friday, April 29. The asset manager reported EPS of $0.09 for the quarter, beating analyst consensus estimates of $0.08 by $0.01. The company posted revenue of $78.40 million for the quarter, compared to $78.74 million expected by analysts. WisdomTree Investments posted a net margin of 7.79% and a return on equity of 24.16%. The company’s revenue for the quarter increased 10.0% year over year. In the same period a year earlier, the company posted earnings per share of $0.08.

WETF has been the subject of several recent research reports. Morgan Stanley lowered its price target on shares of WisdomTree Investments from $7.00 to $6.75 in a Friday, April 8 report. Deutsche Bank Aktiengesellschaft lowered its price target on shares of WisdomTree Investments from $7.00 to $6.00 in a Thursday, April 7 report. Zacks Investment Research moved shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a Thursday, May 5, report. Finally, StockNews.com upgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a Wednesday, May 4, report. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and one has assigned the company a buy rating. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $10.44.

NASDAQ WETF shares traded at $0.08 during midday trading on Wednesday, hitting $5.38. The company had a trading volume of 4,247 shares, compared to an average volume of 1,117,049 shares. The company’s 50-day moving average is $7.42 and its 200-day moving average is $10.56. The company has a current ratio of 4.28, a quick ratio of 2.28 and a debt ratio of 1.26. The stock has a market capitalization of $788.63 million, a price-earnings ratio of 38.21 and a beta of 1.59. WisdomTree Investments has a 52 week low of $5.08 and a 52 week high of $7.38.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 25. Shareholders of record on Wednesday, May 11 will receive a dividend of $0.03 per share. This represents an annualized dividend of $0.12 and a dividend yield of 2.23%. The ex-dividend date is Tuesday, May 10. The payout ratio of WisdomTree Investments is 85.71%.

In other news from WisdomTree Investments, CEO Jonathan L. Steinberg sold 153,913 shares in a trade dated Tuesday, February 15. The shares were sold at an average price of $5.87, for a total transaction of $903,469.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. Company insiders own 8.00% of the company’s shares.

Institutional investors have recently changed their positions in the stock. KBC Group NV bought a new equity position in WisdomTree Investments in Q3, valued at around $197,000. Two Sigma Advisers LP increased its position in shares of WisdomTree Investments by 286.3% in the third quarter. Two Sigma Advisers LP now owns 785,400 shares of the asset manager valued at $4,453,000 after purchasing an additional 582,100 shares in the last quarter. Victory Capital Management Inc. raised its position in shares of WisdomTree Investments by 169.2% in the third quarter. Victory Capital Management Inc. now owns 41,238 shares of the asset manager valued at $234,000 after buying an additional 25,917 shares in the last quarter. Gyon Technologies Capital Management LP bought a new equity position from WisdomTree Investments in Q3 valued at around $663,000. Finally, Mackenzie Financial Corp raised its position in shares of WisdomTree Investments by 8.1% in the third quarter. Mackenzie Financial Corp now owns 44,644 shares of the asset manager valued at $253,000 after buying 3,338 more shares in the last quarter. 82.02% of the shares are held by hedge funds and other institutional investors.

WisdomTree Investments Company Profile (Get a rating)

WisdomTree Investments, Inc, through its subsidiaries, operates as a sponsor and asset manager of exchange-traded funds (ETFs). It offers ETFs on stocks, currencies, fixed income securities and alternative asset classes. The company also licenses its indices to third parties for proprietary products, and offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.

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Earnings history and estimates for WisdomTree Investments (NASDAQ:WETF)



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