Zacks: Brokerages Anticipate WisdomTree Investments, Inc. (WETF) Will Announce Earnings of $0.07 Per Share
Wall Street analysts expect WisdomTree Investments, Inc. (NASDAQ:WETF) to post $0.07 earnings per share (EPS) for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for WisdomTree Investments’ earnings, with estimates ranging from $0.06 to $0.07. WisdomTree Investments reported earnings per share of $0.03 in the same quarter last year, which indicates a positive year over year growth rate of 133.3%. The company is scheduled to report its next earnings results on Friday, February 2nd.
According to Zacks, analysts expect that WisdomTree Investments will report full year earnings of $0.25 per share for the current year, with EPS estimates ranging from $0.23 to $0.27. For the next financial year, analysts forecast that the company will post earnings of $0.34 per share, with EPS estimates ranging from $0.29 to $0.38. Zacks’ earnings per share calculations are an average based on a survey of analysts that follow WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.06. The firm had revenue of $57.99 million for the quarter, compared to the consensus estimate of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The company’s revenue for the quarter was up 12.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.06 EPS.
WETF has been the subject of a number of analyst reports. UBS AG upped their price objective on WisdomTree Investments from $8.00 to $8.50 and gave the stock a “sell” rating in a research note on Tuesday. Keefe, Bruyette & Woods raised WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a report on Tuesday. Zacks Investment Research lowered WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Tuesday, October 31st. Citigroup Inc. reissued a “buy” rating and issued a $15.00 price objective on shares of WisdomTree Investments in a report on Monday, October 30th. Finally, Northland Securities reissued a “hold” rating and issued a $12.00 price objective on shares of WisdomTree Investments in a report on Sunday, October 29th. Five analysts have rated the stock with a sell rating, two have issued a hold rating and five have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $11.28.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in WETF. Advisor Group Inc. lifted its holdings in WisdomTree Investments by 12.4% during the 2nd quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock worth $157,000 after buying an additional 1,700 shares during the last quarter. Piedmont Investment Advisors LLC purchased a new stake in WisdomTree Investments during the 2nd quarter valued at approximately $252,000. TIAA CREF Investment Management LLC raised its stake in WisdomTree Investments by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock valued at $3,161,000 after acquiring an additional 1,011 shares during the last quarter. New York State Common Retirement Fund raised its stake in WisdomTree Investments by 13.7% during the 2nd quarter. New York State Common Retirement Fund now owns 228,614 shares of the asset manager’s stock valued at $2,325,000 after acquiring an additional 27,608 shares during the last quarter. Finally, Aberdeen Asset Management PLC UK raised its stake in WisdomTree Investments by 8.1% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 2,962,738 shares of the asset manager’s stock valued at $30,131,000 after acquiring an additional 222,963 shares during the last quarter. 91.83% of the stock is owned by hedge funds and other institutional investors.
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Shares of WisdomTree Investments (NASDAQ:WETF) traded up $0.27 during trading on Monday, reaching $11.19. The company’s stock had a trading volume of 2,189,829 shares, compared to its average volume of 2,070,293. The company has a market cap of $1,530.00, a P/E ratio of 48.39, a PEG ratio of 2.61 and a beta of 3.18. WisdomTree Investments has a 12 month low of $7.87 and a 12 month high of $13.32.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th will be paid a dividend of $0.08 per share. The ex-dividend date is Tuesday, November 7th. This represents a $0.32 annualized dividend and a yield of 2.86%. WisdomTree Investments’s dividend payout ratio (DPR) is 145.45%.
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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