Analysts Expect WisdomTree Investments, Inc. (NASDAQ:WETF) Will Announce Earnings of $0.08 Per Share


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Wall Street brokerages predict that WisdomTree Investments, Inc. (NASDAQ:WETF) will announce earnings per share (EPS) of $0.08 for the current fiscal quarter, Zacks reports. Three analysts have issued estimates for WisdomTree Investments’ earnings, with estimates ranging from $0.06 to $0.09. WisdomTree Investments reported earnings per share of $0.05 during the same quarter last year, which would suggest a positive year over year growth rate of 60%. The firm is scheduled to report its next quarterly earnings results on Friday, April 30th.

According to Zacks, analysts expect that WisdomTree Investments will report full year earnings of $0.29 per share for the current financial year, with EPS estimates ranging from $0.23 to $0.33. For the next financial year, analysts forecast that the business will report earnings of $0.32 per share, with EPS estimates ranging from $0.28 to $0.35. Zacks’ EPS calculations are an average based on a survey of sell-side research analysts that follow WisdomTree Investments.

WisdomTree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, April 30th. The asset manager reported $0.08 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.07 by $0.01. The firm had revenue of $72.80 million for the quarter, compared to analyst estimates of $70.40 million. WisdomTree Investments had a negative net margin of 5.21% and a positive return on equity of 12.32%. WisdomTree Investments’s revenue was up 13.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.07 EPS.

Several brokerages have issued reports on WETF. Deutsche Bank Aktiengesellschaft raised their price objective on WisdomTree Investments from $5.00 to $6.00 and gave the stock a “hold” rating in a report on Monday, February 1st. They noted that the move was a valuation call. Morgan Stanley raised their price target on WisdomTree Investments from $6.75 to $7.25 and gave the stock an “equal weight” rating in a report on Monday. Northcoast Research reaffirmed a “neutral” rating on shares of WisdomTree Investments in a research report on Tuesday, March 23rd. Credit Suisse Group boosted their target price on WisdomTree Investments from $6.60 to $7.40 and gave the company an “outperform” rating in a report on Monday, February 1st. Finally, Zacks Investment Research downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Thursday, April 8th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $5.94.

Shares of WisdomTree Investments stock opened at $6.86 on Friday. The company has a quick ratio of 1.31, a current ratio of 1.52 and a debt-to-equity ratio of 0.49. WisdomTree Investments has a 52 week low of $2.48 and a 52 week high of $7.01. The firm’s 50 day moving average is $6.40 and its two-hundred day moving average is $5.35. The firm has a market capitalization of $1.03 billion, a P/E ratio of -62.36, a P/E/G ratio of 0.75 and a beta of 1.90.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 26th. Shareholders of record on Wednesday, May 12th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, May 11th. WisdomTree Investments’s payout ratio is currently 54.55%.

Several hedge funds and other institutional investors have recently modified their holdings of WETF. Azora Capital LP bought a new position in WisdomTree Investments during the fourth quarter worth $19,392,000. Norges Bank acquired a new position in shares of WisdomTree Investments in the 4th quarter valued at about $6,936,000. Capital Management Corp VA bought a new stake in shares of WisdomTree Investments during the 1st quarter valued at about $7,824,000. Healthcare of Ontario Pension Plan Trust Fund acquired a new stake in WisdomTree Investments during the fourth quarter worth about $2,788,000. Finally, Morgan Stanley boosted its stake in WisdomTree Investments by 38.4% in the fourth quarter. Morgan Stanley now owns 1,807,497 shares of the asset manager’s stock valued at $9,671,000 after acquiring an additional 501,843 shares during the period. Institutional investors and hedge funds own 71.02% 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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Earnings History and Estimates for WisdomTree Investments (NASDAQ:WETF)

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