Wall Street analysts expect WisdomTree Investments, Inc. (NASDAQ:WETF) to post earnings per share of $0.07 for the current quarter, according to Zacks. Four analysts have issued estimates for WisdomTree Investments’ earnings. WisdomTree Investments posted earnings of $0.03 per share in the same quarter last year, which suggests a positive year over year growth rate of 133.3%. The firm is expected to announce its next earnings report on Friday, February 2nd.
According to Zacks, analysts expect that WisdomTree Investments will report full-year earnings of $0.25 per share for the current financial year, with EPS estimates ranging from $0.23 to $0.27. For the next financial year, analysts expect that the company will post earnings of $0.34 per share, with EPS estimates ranging from $0.29 to $0.37. Zacks Investment Research’s earnings per share averages are a mean average based on a survey of research analysts that follow WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last posted its earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.06. The company had revenue of $57.99 million during the quarter, compared to analyst estimates of $57.89 million. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. WisdomTree Investments’s revenue was up 12.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.06 earnings per share.
A number of analysts have weighed in on WETF shares. Deutsche Bank AG started coverage on WisdomTree Investments in a report on Tuesday, October 17th. They set a “buy” rating and a $13.00 target price for the company. Zacks Investment Research lowered WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Jefferies Group LLC restated a “buy” rating and set a $14.00 target price on shares of WisdomTree Investments in a report on Thursday, September 7th. BidaskClub lowered WisdomTree Investments from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. Finally, Keefe, Bruyette & Woods restated a “sell” rating and set a $9.25 target price on shares of WisdomTree Investments in a report on Thursday, September 21st. Six equities research analysts have rated the stock with a sell rating, two have issued a hold rating and five have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $11.22.
Several institutional investors and hedge funds have recently modified their holdings of WETF. BlackRock Inc. lifted its holdings in shares of WisdomTree Investments by 25,214.1% during the 1st quarter. BlackRock Inc. now owns 13,399,791 shares of the asset manager’s stock valued at $121,669,000 after purchasing an additional 13,346,857 shares during the last quarter. Janus Henderson Group PLC acquired a new position in shares of WisdomTree Investments in the 2nd quarter valued at $46,241,000. Capital World Investors increased its position in shares of WisdomTree Investments by 123.0% in the 2nd quarter. Capital World Investors now owns 6,800,000 shares of the asset manager’s stock valued at $69,156,000 after acquiring an additional 3,750,000 shares during the period. Vanguard Group Inc. increased its position in shares of WisdomTree Investments by 15.5% in the 1st quarter. Vanguard Group Inc. now owns 10,381,851 shares of the asset manager’s stock valued at $94,267,000 after acquiring an additional 1,392,507 shares during the period. Finally, Fisher Asset Management LLC acquired a new position in shares of WisdomTree Investments in the 2nd quarter valued at $11,167,000. Hedge funds and other institutional investors own 91.83% of the company’s stock.
WisdomTree Investments (NASDAQ WETF) traded up $0.05 during trading on Monday, reaching $11.94. The company’s stock had a trading volume of 1,593,800 shares, compared to its average volume of 2,063,135. The stock has a market capitalization of $1,550.00, a price-to-earnings ratio of 51.91, a P/E/G ratio of 2.97 and a beta of 3.18. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.32.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 8th will be issued a dividend of $0.08 per share. The ex-dividend date of this dividend is Tuesday, November 7th. This represents a $0.32 annualized dividend and a dividend yield of 2.68%. WisdomTree Investments’s dividend payout ratio is presently 145.45%.
About WisdomTree Investments
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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