Zacks: Analysts Expect WisdomTree Investments, Inc. (NASDAQ:WETF) Will Announce Earnings of $0.09 Per Share

Wall Street analysts expect WisdomTree Investments, Inc. (NASDAQ:WETF) to report earnings of $0.09 per share for the current quarter, according to Zacks Investment Research. Three analysts have issued estimates for WisdomTree Investments’ earnings, with estimates ranging from $0.08 to $0.09. WisdomTree Investments posted earnings of $0.05 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 80%. The company is scheduled to announce its next earnings report on Friday, July 30th.

According to Zacks, analysts expect that WisdomTree Investments will report full year earnings of $0.34 per share for the current fiscal year, with EPS estimates ranging from $0.31 to $0.36. For the next financial year, analysts forecast that the company will post earnings of $0.34 per share, with EPS estimates ranging from $0.30 to $0.36. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of sell-side analysts that cover WisdomTree Investments.

WisdomTree Investments (NASDAQ:WETF) last announced its quarterly earnings data on Friday, April 30th. The asset manager reported $0.08 earnings per share for the quarter, beating analysts’ consensus estimates of $0.07 by $0.01. The company had revenue of $72.80 million for the quarter, compared to analyst estimates of $70.40 million. WisdomTree Investments had a positive return on equity of 14.87% and a negative net margin of 4.52%. The firm’s revenue for the quarter was up 13.9% on a year-over-year basis. During the same quarter last year, the firm posted $0.07 EPS.

WETF has been the subject of a number of recent analyst reports. Morgan Stanley raised their price objective on WisdomTree Investments from $6.75 to $7.25 and gave the stock an “equal weight” rating in a research report on Monday, May 3rd. Zacks Investment Research lowered WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Thursday, April 8th. Finally, Northcoast Research reaffirmed a “neutral” rating on shares of WisdomTree Investments in a report on Tuesday, March 23rd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $5.94.

Several large investors have recently bought and sold shares of the company. First Trust Advisors LP grew its position in WisdomTree Investments by 24.8% in the 1st quarter. First Trust Advisors LP now owns 64,753 shares of the asset manager’s stock worth $457,000 after purchasing an additional 12,862 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in WisdomTree Investments by 136.0% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 16,741 shares of the asset manager’s stock valued at $90,000 after acquiring an additional 9,647 shares during the last quarter. Aperio Group LLC lifted its stake in shares of WisdomTree Investments by 3.2% during the 4th quarter. Aperio Group LLC now owns 112,185 shares of the asset manager’s stock valued at $600,000 after buying an additional 3,485 shares in the last quarter. Alliancebernstein L.P. lifted its stake in shares of WisdomTree Investments by 7.2% during the 4th quarter. Alliancebernstein L.P. now owns 199,260 shares of the asset manager’s stock valued at $1,066,000 after buying an additional 13,400 shares in the last quarter. Finally, Profund Advisors LLC bought a new stake in WisdomTree Investments during the 4th quarter worth approximately $66,000. 69.61% of the stock is owned by institutional investors.

WETF stock traded up $0.08 during midday trading on Friday, reaching $6.98. The stock had a trading volume of 10,190 shares, compared to its average volume of 1,002,679. The firm has a fifty day moving average price of $6.65. The company has a current ratio of 2.33, a quick ratio of 1.72 and a debt-to-equity ratio of 0.62. The stock has a market cap of $1.04 billion, a P/E ratio of -62.73, a price-to-earnings-growth ratio of 0.98 and a beta of 1.82. WisdomTree Investments has a 52-week low of $3.06 and a 52-week high of $7.38.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, May 26th. Shareholders of record on Wednesday, May 12th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, May 11th. This represents a $0.12 annualized dividend and a yield of 1.72%. WisdomTree Investments’s dividend payout ratio (DPR) is presently 48.00%.

About WisdomTree Investments

WisdomTree Investments, 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.

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