Gabelli Equities Analysts Reduce Earnings Estimates for Wisdom Tree Investments Inc (WETF)

Wisdom Tree Investments Inc (NASDAQ:WETF) – Research analysts at Gabelli decreased their FY2019 earnings per share (EPS) estimates for Wisdom Tree Investments in a report issued on Monday, October 29th. Gabelli analyst now forecasts that the asset manager will post earnings of $0.40 per share for the year, down from their prior estimate of $0.50. Gabelli has a “Buy” rating on the stock. Gabelli also issued estimates for Wisdom Tree Investments’ FY2020 earnings at $0.50 EPS and FY2021 earnings at $0.65 EPS.

Wisdom Tree Investments (NASDAQ:WETF) last announced its quarterly earnings results on Friday, October 26th. The asset manager reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. The firm had revenue of $72.57 million during the quarter, compared to analysts’ expectations of $72.32 million. Wisdom Tree Investments had a net margin of 18.05% and a return on equity of 16.22%. The company’s revenue for the quarter was up 25.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.06 earnings per share.

WETF has been the subject of a number of other research reports. ValuEngine upgraded shares of Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a research note on Wednesday, October 3rd. Morgan Stanley cut their target price on shares of Wisdom Tree Investments from $10.00 to $9.50 and set an “equal weight” rating for the company in a research note on Tuesday, October 9th. Citigroup cut their target price on shares of Wisdom Tree Investments from $7.00 to $6.00 and set a “sell” rating for the company in a research note on Thursday, September 20th. Keefe, Bruyette & Woods cut shares of Wisdom Tree Investments from an “outperform” rating to a “mkt perform” rating in a research note on Friday, July 13th. Finally, Credit Suisse Group cut their target price on shares of Wisdom Tree Investments from $12.00 to $10.00 and set an “outperform” rating for the company in a research note on Monday. Five equities research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Wisdom Tree Investments has a consensus rating of “Hold” and a consensus price target of $10.56.

Shares of WETF opened at $7.86 on Thursday. The stock has a market cap of $1.20 billion, a price-to-earnings ratio of 32.98, a price-to-earnings-growth ratio of 1.06 and a beta of 2.47. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.77. Wisdom Tree Investments has a 12 month low of $6.59 and a 12 month high of $13.41.

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 21st. Stockholders of record on Wednesday, November 7th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.53%. The ex-dividend date is Tuesday, November 6th. Wisdom Tree Investments’s dividend payout ratio (DPR) is currently 50.00%.

Several large investors have recently bought and sold shares of WETF. Victory Capital Management Inc. bought a new position in shares of Wisdom Tree Investments in the second quarter valued at approximately $22,638,000. BlackRock Inc. increased its holdings in shares of Wisdom Tree Investments by 12.1% in the second quarter. BlackRock Inc. now owns 15,185,561 shares of the asset manager’s stock valued at $137,884,000 after purchasing an additional 1,641,879 shares in the last quarter. Janus Henderson Group PLC increased its holdings in shares of Wisdom Tree Investments by 30.1% in the second quarter. Janus Henderson Group PLC now owns 5,843,638 shares of the asset manager’s stock valued at $53,060,000 after purchasing an additional 1,352,345 shares in the last quarter. FMR LLC increased its holdings in shares of Wisdom Tree Investments by 33.7% in the second quarter. FMR LLC now owns 3,488,433 shares of the asset manager’s stock valued at $31,676,000 after purchasing an additional 878,486 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of Wisdom Tree Investments by 27.3% in the first quarter. Dimensional Fund Advisors LP now owns 3,137,956 shares of the asset manager’s stock valued at $28,775,000 after purchasing an additional 673,830 shares in the last quarter. Institutional investors own 71.34% of the company’s stock.

Wisdom Tree 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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Earnings History and Estimates for Wisdom Tree Investments (NASDAQ:WETF)

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