Wall Street brokerages expect that Wisdom Tree Investments Inc (NASDAQ:WETF) will announce $0.09 earnings per share for the current fiscal quarter, Zacks Investment Research reports. Four analysts have issued estimates for Wisdom Tree Investments’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.08. Wisdom Tree Investments posted earnings per share of $0.06 during the same quarter last year, which would suggest a positive year over year growth rate of 50%. The company is expected to announce its next quarterly earnings results on Friday, October 26th.
On average, analysts expect that Wisdom Tree Investments will report full-year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.34 to $0.40. For the next financial year, analysts anticipate that the company will report earnings of $0.42 per share, with EPS estimates ranging from $0.35 to $0.50. Zacks Investment Research’s EPS averages are an average based on a survey of sell-side research firms that follow Wisdom Tree Investments.
Wisdom Tree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, July 27th. The asset manager reported $0.09 EPS for the quarter, hitting analysts’ consensus estimates of $0.09. Wisdom Tree Investments had a return on equity of 16.31% and a net margin of 13.54%. The company had revenue of $74.80 million for the quarter, compared to analyst estimates of $75.22 million. During the same quarter in the previous year, the firm earned $0.06 earnings per share. The business’s revenue was up 33.1% on a year-over-year basis.
A number of large investors have recently added to or reduced their stakes in the business. Profund Advisors LLC lifted its stake in Wisdom Tree Investments by 25.1% in the first quarter. Profund Advisors LLC now owns 22,283 shares of the asset manager’s stock valued at $204,000 after buying an additional 4,465 shares during the period. Swiss National Bank lifted its stake in Wisdom Tree Investments by 2.3% in the first quarter. Swiss National Bank now owns 202,800 shares of the asset manager’s stock valued at $1,860,000 after buying an additional 4,600 shares during the period. Legal & General Group Plc increased its holdings in shares of Wisdom Tree Investments by 2.0% in the first quarter. Legal & General Group Plc now owns 237,911 shares of the asset manager’s stock worth $2,175,000 after acquiring an additional 4,646 shares in the last quarter. Granite Investment Partners LLC increased its holdings in shares of Wisdom Tree Investments by 0.5% in the second quarter. Granite Investment Partners LLC now owns 1,456,554 shares of the asset manager’s stock worth $13,226,000 after acquiring an additional 7,216 shares in the last quarter. Finally, SG Americas Securities LLC increased its holdings in shares of Wisdom Tree Investments by 42.5% in the second quarter. SG Americas Securities LLC now owns 32,779 shares of the asset manager’s stock worth $298,000 after acquiring an additional 9,780 shares in the last quarter. 71.39% of the stock is currently owned by hedge funds and other institutional investors.
Shares of WETF traded up $0.01 during trading hours on Friday, hitting $7.27. 2,150,549 shares of the stock traded hands, compared to its average volume of 1,370,043. The company has a quick ratio of 1.57, a current ratio of 1.63 and a debt-to-equity ratio of 0.55. Wisdom Tree Investments has a 1-year low of $7.03 and a 1-year high of $13.41. The firm has a market capitalization of $1.30 billion, a PE ratio of 30.29, a price-to-earnings-growth ratio of 1.56 and a beta of 2.47.
About Wisdom Tree 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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