WisdomTree (WT) Scheduled to Post Quarterly Earnings on Friday

WisdomTree (NYSE:WT) is set to issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Parties that wish to listen to the company’s conference call can do so using this link.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.10 by $0.01. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. The company had revenue of $90.84 million during the quarter, compared to the consensus estimate of $90.32 million. During the same period last year, the firm earned $0.04 EPS. The company’s revenue for the quarter was up 23.9% on a year-over-year basis. On average, analysts expect WisdomTree to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

WisdomTree Price Performance

WT stock opened at $8.78 on Friday. The company has a current ratio of 2.23, a quick ratio of 1.66 and a debt-to-equity ratio of 0.67. WisdomTree has a 12-month low of $6.05 and a 12-month high of $9.69. The company has a market cap of $1.33 billion, a price-to-earnings ratio of 13.50 and a beta of 1.49. The firm has a 50 day moving average of $8.45 and a 200-day moving average of $7.34.

WisdomTree Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a dividend of $0.03 per share. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.12 annualized dividend and a dividend yield of 1.37%. WisdomTree’s dividend payout ratio is currently 18.46%.

Insider Activity

In related news, CEO Jonathan L. Steinberg acquired 303,781 shares of the stock in a transaction dated Tuesday, February 13th. The stock was bought at an average cost of $7.20 per share, with a total value of $2,187,223.20. Following the purchase, the chief executive officer now directly owns 9,172,838 shares of the company’s stock, valued at $66,044,433.60. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 7.80% of the company’s stock.

Institutional Trading of WisdomTree

Institutional investors have recently added to or reduced their stakes in the business. The Manufacturers Life Insurance Company purchased a new stake in WisdomTree during the 3rd quarter worth $385,000. Comerica Bank purchased a new stake in WisdomTree during the 3rd quarter worth $373,000. Quadrature Capital Ltd purchased a new stake in WisdomTree during the 4th quarter worth $308,000. Tower Research Capital LLC TRC boosted its position in WisdomTree by 360.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 43,458 shares of the company’s stock worth $301,000 after purchasing an additional 34,016 shares during the period. Finally, UBS Group AG lifted its holdings in WisdomTree by 225.9% in the 4th quarter. UBS Group AG now owns 43,225 shares of the company’s stock worth $300,000 after buying an additional 29,962 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on WT. Oppenheimer lifted their price objective on WisdomTree from $11.00 to $12.00 and gave the stock an “outperform” rating in a research report on Monday, February 5th. Morgan Stanley lifted their price objective on WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a research report on Wednesday. Craig Hallum started coverage on shares of WisdomTree in a research note on Wednesday, March 6th. They issued a “buy” rating and a $12.00 target price for the company. Northland Securities raised shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price for the company in a research note on Wednesday, April 3rd. Finally, UBS Group lifted their target price on shares of WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $11.04.

WisdomTree Company Profile

WisdomTree, 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.