Wisdom Tree Investments Inc (WETF) Expected to Announce Quarterly Sales of $72.28 Million

Brokerages expect Wisdom Tree Investments Inc (NASDAQ:WETF) to report $72.28 million in sales for the current quarter, Zacks reports. Four analysts have provided estimates for Wisdom Tree Investments’ earnings. The lowest sales estimate is $71.30 million and the highest is $73.00 million. Wisdom Tree Investments reported sales of $61.39 million during the same quarter last year, which would suggest a positive year over year growth rate of 17.7%. The business is expected to report its next earnings report on Friday, February 1st.

On average, analysts expect that Wisdom Tree Investments will report full year sales of $278.24 million for the current fiscal year, with estimates ranging from $276.00 million to $279.70 million. For the next year, analysts forecast that the firm will post sales of $299.89 million, with estimates ranging from $284.00 million to $308.69 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that that provide coverage for Wisdom Tree Investments.

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

WETF has been the topic of several research reports. Morgan Stanley cut their price target on shares of Wisdom Tree Investments from $10.00 to $9.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 9th. Citigroup downgraded shares of Wisdom Tree Investments from a “neutral” rating to a “sell” rating and lowered their price objective for the company from $10.00 to $7.00 in a research report on Tuesday, July 31st. ValuEngine downgraded shares of Wisdom Tree Investments from a “sell” rating to a “strong sell” rating in a research report on Thursday, August 2nd. Zacks Investment Research raised shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, Gabelli reaffirmed a “buy” rating on shares of Wisdom Tree Investments in a research report on Monday, July 30th. Four research analysts have rated the stock with a sell rating, three have issued a hold rating and three have issued a buy rating to the company’s stock. Wisdom Tree Investments currently has an average rating of “Hold” and a consensus price target of $10.69.

NASDAQ WETF opened at $7.41 on Friday. Wisdom Tree Investments has a one year low of $6.59 and a one year high of $13.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.77 and a current ratio of 1.84. The company has a market capitalization of $1.15 billion, a P/E ratio of 30.88, a price-to-earnings-growth ratio of 0.85 and a beta of 2.23.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 21st. Shareholders of record on Wednesday, November 7th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Tuesday, November 6th. Wisdom Tree Investments’s dividend payout ratio (DPR) is 50.00%.

Hedge funds have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC acquired a new stake in shares of Wisdom Tree Investments during the second quarter worth approximately $230,000. Fox Run Management L.L.C. acquired a new stake in shares of Wisdom Tree Investments during the second quarter worth approximately $101,000. Victory Capital Management Inc. acquired a new stake in shares of Wisdom Tree Investments during the second quarter worth approximately $22,638,000. Massachusetts Financial Services Co. MA grew its position in shares of Wisdom Tree Investments by 14.0% during the third quarter. Massachusetts Financial Services Co. MA now owns 1,860,960 shares of the asset manager’s stock worth $15,781,000 after buying an additional 228,695 shares in the last quarter. Finally, McGuire Investment Group LLC acquired a new position in Wisdom Tree Investments in the third quarter worth $3,578,000. 71.43% of the stock is owned by institutional investors and hedge funds.

Wisdom Tree 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 Wisdom Tree Investments (NASDAQ:WETF)

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