WisdomTree (NYSE:WT) Announces Quarterly Earnings Results, Beats Estimates By $0.01 EPS

WisdomTree (NYSE:WT) posted its earnings results on Friday. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01, Briefing.com reports. The company had revenue of $96.84 million during the quarter, compared to analysts’ expectations of $94.32 million. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. WisdomTree’s quarterly revenue was up 18.0% on a year-over-year basis. During the same period last year, the company posted $0.07 earnings per share.

WisdomTree Trading Down 1.4 %

Shares of WisdomTree stock traded down $0.12 during trading on Friday, hitting $8.65. The stock had a trading volume of 1,926,566 shares, compared to its average volume of 1,232,361. The firm’s fifty day simple moving average is $8.64 and its 200-day simple moving average is $7.41. The stock has a market cap of $1.31 billion, a PE ratio of 13.31 and a beta of 1.49. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.23 and a quick ratio of 1.66. WisdomTree has a 12 month low of $6.05 and a 12 month high of $9.69.

WisdomTree Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.12 annualized dividend and a dividend yield of 1.39%. WisdomTree’s dividend payout ratio (DPR) is presently 18.46%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Oppenheimer cut their target price on shares of WisdomTree from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Monday, April 22nd. Northland Securities raised shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research note on Wednesday, April 3rd. Craig Hallum began coverage on shares of WisdomTree in a research report on Wednesday, March 6th. They set a “buy” rating and a $12.00 price objective for the company. UBS Group increased their price objective on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Finally, Morgan Stanley increased their price objective on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, WisdomTree has a consensus rating of “Moderate Buy” and an average price target of $10.88.

Insider Transactions at WisdomTree

In other news, CEO Jonathan L. Steinberg bought 303,781 shares of the stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the acquisition, the chief executive officer now owns 9,172,838 shares of the company’s stock, valued at $66,044,433.60. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 7.80% of the company’s stock.

About WisdomTree

WisdomTree, Inc, through its subsidiaries, operates as an exchange-traded funds (ETFs) sponsor and asset manager. It offers ETFs in equities, currency, fixed income, and alternatives asset classes. The company also licenses its indexes to third parties for proprietary products, as well as offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.