Waddell & Reed Financial, Inc. (WDR) to Post Q1 2019 Earnings of $0.38 Per Share, Jefferies Financial Group Forecasts

Waddell & Reed Financial, Inc. (NYSE:WDR) – Stock analysts at Jefferies Financial Group upped their Q1 2019 earnings per share (EPS) estimates for Waddell & Reed Financial in a report released on Monday, April 8th. Jefferies Financial Group analyst D. Fannon now expects that the asset manager will post earnings of $0.38 per share for the quarter, up from their prior forecast of $0.35. Jefferies Financial Group also issued estimates for Waddell & Reed Financial’s Q2 2019 earnings at $0.42 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.44 EPS, FY2019 earnings at $1.65 EPS and FY2020 earnings at $1.67 EPS.

Waddell & Reed Financial (NYSE:WDR) last announced its quarterly earnings data on Tuesday, February 5th. The asset manager reported $0.60 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.49 by $0.11. The business had revenue of $272.20 million for the quarter, compared to analysts’ expectations of $273.78 million. Waddell & Reed Financial had a net margin of 15.82% and a return on equity of 20.81%. The firm’s quarterly revenue was down 7.6% compared to the same quarter last year. During the same period last year, the firm posted $0.36 earnings per share.

A number of other research analysts have also recently issued reports on the stock. Bank of America set a $18.00 price objective on shares of Waddell & Reed Financial and gave the company a “sell” rating in a research note on Tuesday. Zacks Investment Research raised shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating in a research note on Tuesday. ValuEngine raised shares of Waddell & Reed Financial from a “sell” rating to a “hold” rating in a research note on Friday, February 8th. Morgan Stanley set a $14.00 price objective on shares of Waddell & Reed Financial and gave the company a “sell” rating in a research note on Friday, February 8th. Finally, Citigroup cut shares of Waddell & Reed Financial from a “neutral” rating to a “sell” rating in a research note on Monday, January 14th. Five equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. The stock has an average rating of “Sell” and a consensus price target of $19.00.

Shares of NYSE:WDR opened at $18.18 on Thursday. The company has a market capitalization of $1.39 billion, a P/E ratio of 7.97, a PEG ratio of 2.14 and a beta of 1.43. The company has a current ratio of 3.27, a quick ratio of 1.44 and a debt-to-equity ratio of 0.11. Waddell & Reed Financial has a 1 year low of $16.01 and a 1 year high of $21.83.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors grew its position in shares of Waddell & Reed Financial by 181.9% during the 4th quarter. Captrust Financial Advisors now owns 1,452 shares of the asset manager’s stock valued at $26,000 after acquiring an additional 937 shares during the period. Hsbc Holdings PLC lifted its stake in shares of Waddell & Reed Financial by 8.7% during the 4th quarter. Hsbc Holdings PLC now owns 12,236 shares of the asset manager’s stock valued at $221,000 after buying an additional 981 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Waddell & Reed Financial by 17.7% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 6,744 shares of the asset manager’s stock valued at $122,000 after buying an additional 1,012 shares in the last quarter. Texas Permanent School Fund lifted its stake in shares of Waddell & Reed Financial by 2.1% during the 4th quarter. Texas Permanent School Fund now owns 51,251 shares of the asset manager’s stock valued at $927,000 after buying an additional 1,066 shares in the last quarter. Finally, Thrivent Financial for Lutherans lifted its stake in shares of Waddell & Reed Financial by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 55,319 shares of the asset manager’s stock valued at $1,000,000 after buying an additional 1,216 shares in the last quarter. 98.19% of the stock is currently owned by hedge funds and other institutional investors.

In other Waddell & Reed Financial news, Director Dennis E. Logue sold 5,000 shares of the business’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $16.72, for a total transaction of $83,600.00. Following the sale, the director now owns 69,452 shares of the company’s stock, valued at $1,161,237.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 2.13% of the company’s stock.

The business also recently announced a quarterly dividend, which will be paid on Wednesday, May 1st. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 5.50%. Waddell & Reed Financial’s payout ratio is presently 43.86%.

Waddell & Reed Financial Company Profile

Waddell & Reed Financial, Inc, through its subsidiaries, provides investment management and advisory, investment product underwriting and distribution, and shareholder services administration to mutual funds, and institutional and separately managed accounts in the United States. The company acts as an investment adviser for institutional and other private investors, and provides sub advisory services to other investment companies; and underwrites and distributes registered open-end mutual fund portfolios.

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Earnings History and Estimates for Waddell & Reed Financial (NYSE:WDR)

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