Brokerages Anticipate Wisdom Tree Investments Inc (WETF) Will Announce Earnings of $0.09 Per Share

Wall Street analysts predict that Wisdom Tree Investments Inc (NASDAQ:WETF) will post $0.09 earnings per share (EPS) for the current fiscal quarter, according to Zacks. Four analysts have made estimates for Wisdom Tree Investments’ earnings. The lowest EPS estimate is $0.08 and the highest is $0.09. Wisdom Tree Investments posted earnings per share of $0.04 in the same quarter last year, which would indicate a positive year-over-year growth rate of 125%. The business is scheduled to issue its next earnings results on Friday, February 1st.

On average, analysts expect that Wisdom Tree Investments will report full-year earnings of $0.35 per share for the current year, with EPS estimates ranging from $0.34 to $0.40. For the next financial year, analysts expect that the business will post earnings of $0.37 per share, with EPS estimates ranging from $0.32 to $0.40. Zacks Investment Research’s EPS averages are a mean average based on a survey of research analysts that that provide coverage for Wisdom Tree Investments.

Wisdom Tree Investments (NASDAQ:WETF) last posted its earnings results on Friday, October 26th. The asset manager reported $0.09 earnings per share for the quarter, meeting the consensus estimate of $0.09. The firm had revenue of $72.57 million during the quarter, compared to analyst estimates of $72.32 million. Wisdom Tree Investments had a net margin of 18.05% and a return on equity of 16.22%. The business’s quarterly revenue was up 25.7% on a year-over-year basis. During the same period in the previous year, the firm earned $0.06 EPS.

Several research firms have recently weighed in on WETF. Citigroup lowered shares of Wisdom Tree Investments from a “neutral” rating to a “sell” rating and cut their target price for the company from $10.00 to $7.00 in a report on Tuesday, July 31st. Gabelli reaffirmed a “buy” rating on shares of Wisdom Tree Investments in a report on Monday, July 30th. ValuEngine raised shares of Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 3rd. Morgan Stanley cut their target price on shares of Wisdom Tree Investments from $11.00 to $10.00 and set an “equal weight” rating for the company in a report on Thursday, August 2nd. Finally, Zacks Investment Research raised shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the stock. Wisdom Tree Investments presently has a consensus rating of “Hold” and a consensus price target of $10.69.

Shares of NASDAQ:WETF traded up $0.10 during trading on Thursday, hitting $7.52. 519,634 shares of the stock traded hands, compared to its average volume of 1,094,025. The company has a debt-to-equity ratio of 0.52, a current ratio of 1.84 and a quick ratio of 1.77. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 31.33, a price-to-earnings-growth ratio of 0.84 and a beta of 2.23. Wisdom Tree Investments has a 52-week low of $6.59 and a 52-week high of $13.41.

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 21st. Investors of record on Wednesday, November 7th were issued a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.60%. The ex-dividend date was Tuesday, November 6th. Wisdom Tree Investments’s payout ratio is presently 50.00%.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Vident Investment Advisory LLC purchased a new stake in Wisdom Tree Investments in the 2nd quarter worth $100,000. Fox Run Management L.L.C. purchased a new stake in Wisdom Tree Investments in the 2nd quarter worth $101,000. Janney Montgomery Scott LLC purchased a new stake in Wisdom Tree Investments in the 2nd quarter worth $209,000. Dynamic Technology Lab Private Ltd purchased a new stake in Wisdom Tree Investments in the 2nd quarter worth $215,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in Wisdom Tree Investments in the 2nd quarter worth $223,000. 71.43% of the stock is owned by institutional investors.

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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Earnings History and Estimates for Wisdom Tree Investments (NASDAQ:WETF)

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