WisdomTree (NYSE:WT) Announces Quarterly Earnings Results

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

WisdomTree Stock Down 1.4 %

WT stock traded down $0.12 during mid-day trading on Friday, reaching $8.65. 1,926,566 shares of the company traded hands, compared to its average volume of 1,232,361. The stock has a market cap of $1.31 billion, a price-to-earnings ratio of 13.31 and a beta of 1.49. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.67. WisdomTree has a fifty-two week low of $6.05 and a fifty-two week high of $9.69. The firm’s 50 day moving average price is $8.64 and its 200 day moving average price is $7.41.

WisdomTree Dividend Announcement

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

Analyst Upgrades and Downgrades

WT has been the subject of several research analyst reports. Morgan Stanley lifted their price objective on WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a research report on Wednesday, April 17th. Craig Hallum started coverage on WisdomTree in a research report on Wednesday, March 6th. They issued a “buy” rating and a $12.00 price objective for the company. Northland Securities raised WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research report on Wednesday, April 3rd. Oppenheimer decreased their target price on WisdomTree from $12.00 to $11.00 and set an “outperform” rating for the company in a research report on Monday, April 22nd. Finally, UBS Group boosted their target price on WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, April 12th. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $10.88.

Insider Buying and Selling at WisdomTree

In related news, CEO Jonathan L. Steinberg purchased 303,781 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was acquired at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the purchase, 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 filing with the SEC, which is available at this link. Company insiders own 7.80% of the company’s stock.

WisdomTree Company Profile

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.