Zacks: Analysts Anticipate WisdomTree Investments (WETF) to Post $0.08 Earnings Per Share

Wall Street analysts predict that WisdomTree Investments (NASDAQ:WETF) will post earnings per share of $0.08 for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for WisdomTree Investments’ earnings. The highest EPS estimate is $0.08 and the lowest is $0.07. WisdomTree Investments posted earnings of $0.05 per share during the same quarter last year, which suggests a positive year-over-year growth rate of 60%. The firm is expected to announce its next quarterly earnings report before the market opens on Friday, April 27th.

On average, analysts expect that WisdomTree Investments will report full year earnings of $0.38 per share for the current financial year, with EPS estimates ranging from $0.35 to $0.41. For the next fiscal year, analysts expect that the business will report earnings of $0.47 per share, with EPS estimates ranging from $0.40 to $0.57. Zacks’ earnings per share calculations are a mean average based on a survey of sell-side analysts that cover WisdomTree Investments.

WisdomTree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). The firm had revenue of $61.39 million during the quarter, compared to analysts’ expectations of $60.89 million. WisdomTree Investments had a return on equity of 16.16% and a net margin of 11.46%. The business’s quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter last year, the business earned $0.03 earnings per share.

A number of research firms have recently issued reports on WETF. Zacks Investment Research downgraded WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Saturday, January 13th. Jefferies Group restated a “buy” rating and issued a $15.00 price target on shares of WisdomTree Investments in a research note on Thursday, January 11th. BidaskClub upgraded WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research note on Friday, December 22nd. Keefe, Bruyette & Woods restated a “hold” rating and issued a $12.00 price target on shares of WisdomTree Investments in a research note on Friday, February 2nd. Finally, Bank of America dropped their price target on WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating on the stock in a research note on Monday, February 5th. Five analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $11.83.

WETF stock opened at $9.11 on Tuesday. The firm has a market capitalization of $1,227.19, a PE ratio of 37.96, a PEG ratio of 1.57 and a beta of 2.67. WisdomTree Investments has a 1 year low of $7.87 and a 1 year high of $13.41.

In related news, Director Michael H. Steinhardt sold 41,245 shares of the firm’s stock in a transaction on Friday, March 2nd. The stock was sold at an average price of $9.71, for a total value of $400,488.95. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider David J. Abner sold 25,000 shares of the firm’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $10.52, for a total value of $263,000.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 941,936 shares of company stock worth $9,354,156. 16.60% of the stock is owned by insiders.

A number of institutional investors have recently made changes to their positions in the stock. Xact Kapitalforvaltning AB bought a new position in WisdomTree Investments in the 4th quarter worth $182,000. MetLife Investment Advisors LLC bought a new stake in WisdomTree Investments during the fourth quarter valued at about $674,000. Jane Street Group LLC raised its holdings in WisdomTree Investments by 705.3% during the fourth quarter. Jane Street Group LLC now owns 101,902 shares of the asset manager’s stock valued at $1,279,000 after acquiring an additional 89,248 shares during the period. Bain Capital Public Equity Management LLC bought a new stake in WisdomTree Investments during the fourth quarter valued at about $16,444,000. Finally, Deutsche Bank AG raised its holdings in WisdomTree Investments by 26.0% during the fourth quarter. Deutsche Bank AG now owns 942,023 shares of the asset manager’s stock valued at $11,819,000 after acquiring an additional 194,092 shares during the period. 86.35% of the stock is currently owned by institutional investors.

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About WisdomTree Investments

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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