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

Wall Street analysts expect Wisdom Tree Investments Inc (NASDAQ:WETF) to announce earnings per share (EPS) of $0.09 for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Wisdom Tree Investments’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.08. Wisdom Tree Investments also reported earnings per share of $0.09 during the same quarter last year. The business is scheduled to issue its next quarterly earnings results on Friday, July 27th.

On average, analysts expect that Wisdom Tree Investments will report full-year earnings of $0.37 per share for the current fiscal year, with EPS estimates ranging from $0.34 to $0.41. For the next fiscal year, analysts anticipate that the company will post earnings of $0.47 per share, with EPS estimates ranging from $0.43 to $0.52. Zacks’ earnings per share averages are an average based on a survey of research analysts that that provide coverage for Wisdom Tree Investments.

Wisdom Tree Investments (NASDAQ:WETF) last issued its earnings results on Friday, April 27th. The asset manager reported $0.08 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.08. Wisdom Tree Investments had a net margin of 12.27% and a return on equity of 18.28%. The company had revenue of $59.61 million during the quarter, compared to analysts’ expectations of $59.32 million. During the same period last year, the company posted $0.05 earnings per share. The firm’s quarterly revenue was up 9.2% compared to the same quarter last year.



WETF has been the subject of a number of research analyst reports. ValuEngine cut shares of Wisdom Tree Investments from a “hold” rating to a “sell” rating in a report on Thursday, March 1st. Deutsche Bank set a $13.00 price target on shares of Wisdom Tree Investments and gave the company a “buy” rating in a research report on Tuesday, March 6th. BidaskClub lowered shares of Wisdom Tree Investments from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Morgan Stanley lowered their price target on shares of Wisdom Tree Investments from $13.00 to $12.00 and set an “equal weight” rating on the stock in a research report on Tuesday, April 10th. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $10.00 price target on shares of Wisdom Tree Investments in a research report on Wednesday, April 11th. Two analysts have rated the stock with a sell rating, six have issued a hold rating and five have issued a buy rating to the company’s stock. Wisdom Tree Investments presently has an average rating of “Hold” and a consensus price target of $11.98.

Hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Wisdom Tree Investments by 0.6% during the first quarter. BlackRock Inc. now owns 13,543,682 shares of the asset manager’s stock worth $124,196,000 after acquiring an additional 75,758 shares during the last quarter. TimesSquare Capital Management LLC boosted its position in Wisdom Tree Investments by 16.3% during the fourth quarter. TimesSquare Capital Management LLC now owns 8,403,900 shares of the asset manager’s stock worth $105,469,000 after acquiring an additional 1,176,600 shares during the last quarter. Fred Alger Management Inc. boosted its position in Wisdom Tree Investments by 26.2% during the fourth quarter. Fred Alger Management Inc. now owns 7,392,054 shares of the asset manager’s stock worth $92,770,000 after acquiring an additional 1,535,994 shares during the last quarter. Clearbridge Investments LLC boosted its position in Wisdom Tree Investments by 0.7% during the fourth quarter. Clearbridge Investments LLC now owns 4,842,415 shares of the asset manager’s stock worth $60,772,000 after acquiring an additional 34,160 shares during the last quarter. Finally, Standard Life Aberdeen plc boosted its position in Wisdom Tree Investments by 19.4% during the fourth quarter. Standard Life Aberdeen plc now owns 3,694,333 shares of the asset manager’s stock worth $46,383,000 after acquiring an additional 600,276 shares during the last quarter. Institutional investors and hedge funds own 72.22% of the company’s stock.

Wisdom Tree Investments stock traded down $0.16 during mid-day trading on Thursday, reaching $10.81. The company had a trading volume of 1,297,619 shares, compared to its average volume of 1,497,882. Wisdom Tree Investments has a 1 year low of $8.37 and a 1 year high of $13.41. The stock has a market cap of $1.72 billion, a PE ratio of 45.04, a price-to-earnings-growth ratio of 1.99 and a beta of 2.62.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 23rd. Stockholders of record on Wednesday, May 9th were given a $0.03 dividend. The ex-dividend date was Tuesday, May 8th. This represents a $0.12 annualized dividend and a dividend yield of 1.11%. Wisdom Tree Investments’s dividend payout ratio is presently 50.00%.

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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