Equities research analysts expect WisdomTree Investments (NASDAQ:WETF) to announce $76.20 million in sales for the current fiscal quarter, according to Zacks. Three analysts have issued estimates for WisdomTree Investments’ earnings, with the highest sales estimate coming in at $78.69 million and the lowest estimate coming in at $74.90 million. WisdomTree Investments posted sales of $63.43 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 20.1%. The company is scheduled to report its next earnings report on Friday, July 27th.
According to Zacks, analysts expect that WisdomTree Investments will report full year sales of $296.09 million for the current financial year, with estimates ranging from $292.80 million to $301.29 million. For the next fiscal year, analysts expect that the company will report sales of $341.34 million per share, with estimates ranging from $326.60 million to $348.72 million. Zacks’ sales averages are an average based on a survey of sell-side analysts that follow WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, April 27th. The asset manager reported $0.08 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.08. The company had revenue of $59.61 million during the quarter, compared to analysts’ expectations of $59.32 million. WisdomTree Investments had a net margin of 12.27% and a return on equity of 18.28%. WisdomTree Investments’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period last year, the company posted $0.05 earnings per share.
Several research firms recently weighed in on WETF. ValuEngine raised shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research note on Wednesday, May 2nd. Deutsche Bank set a $13.00 target price on shares of WisdomTree Investments and gave the company a “buy” rating in a research note on Tuesday, March 6th. Bank of America cut their target price on shares of WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating for the company in a research note on Monday, February 5th. Zacks Investment Research raised shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research note on Saturday, January 27th. Finally, BidaskClub cut shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. WisdomTree Investments has a consensus rating of “Hold” and an average price target of $11.98.
WETF traded up $0.17 during trading on Friday, hitting $11.67. 140,750 shares of the company traded hands, compared to its average volume of 1,574,151. The stock has a market capitalization of $1.74 billion, a price-to-earnings ratio of 48.48, a PEG ratio of 2.00 and a beta of 2.63. WisdomTree Investments has a 1 year low of $11.55 and a 1 year high of $11.72.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 23rd. Shareholders of record on Wednesday, May 9th will be given a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, May 8th. This represents a $0.12 annualized dividend and a yield of 1.03%. WisdomTree Investments’s dividend payout ratio (DPR) is currently 50.00%.
In other WisdomTree Investments news, Director Michael H. Steinhardt sold 41,245 shares of the stock in a transaction on Friday, March 2nd. The shares were sold at an average price of $9.71, for a total transaction of $400,488.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider David J. Abner sold 25,000 shares of the stock in a transaction on Wednesday, February 21st. The shares were sold at an average price of $10.52, for a total transaction of $263,000.00. The disclosure for this sale can be found here. Insiders have sold 941,936 shares of company stock valued at $9,354,156 in the last quarter. 16.60% of the stock is owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in the business. 3D Asset Management Inc. bought a new stake in shares of WisdomTree Investments in the 1st quarter worth about $102,000. Symons Capital Management Inc. bought a new stake in shares of WisdomTree Investments in the 1st quarter worth about $142,000. Virtu Financial LLC bought a new stake in shares of WisdomTree Investments in the 4th quarter worth about $148,000. Xact Kapitalforvaltning AB bought a new stake in shares of WisdomTree Investments in the 4th quarter worth about $182,000. Finally, SG Americas Securities LLC lifted its holdings in shares of WisdomTree Investments by 150.4% in the 1st quarter. SG Americas Securities LLC now owns 22,999 shares of the asset manager’s stock worth $211,000 after acquiring an additional 13,815 shares during the last quarter. Institutional investors and hedge funds own 77.00% of the company’s stock.
WisdomTree Investments Company Profile
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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