Wisdom Tree Investments Inc (NASDAQ:WETF) Expected to Post Earnings of $0.06 Per Share

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Equities analysts expect Wisdom Tree Investments Inc (NASDAQ:WETF) to report earnings of $0.06 per share for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Wisdom Tree Investments’ earnings, with the highest EPS estimate coming in at $0.06 and the lowest estimate coming in at $0.05. Wisdom Tree Investments also reported earnings of $0.06 per share during the same quarter last year. The firm is scheduled to issue its next earnings results on Friday, February 7th.

According to Zacks, analysts expect that Wisdom Tree Investments will report full year earnings of $0.21 per share for the current year, with EPS estimates ranging from $0.20 to $0.22. For the next fiscal year, analysts anticipate that the business will post earnings of $0.24 per share, with EPS estimates ranging from $0.21 to $0.25. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that cover Wisdom Tree Investments.

Wisdom Tree Investments (NASDAQ:WETF) last issued its quarterly earnings data on Friday, October 25th. The asset manager reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.05 by $0.01. Wisdom Tree Investments had a net margin of 1.46% and a return on equity of 10.05%. The business had revenue of $67.70 million for the quarter, compared to analysts’ expectations of $66.88 million. During the same period in the previous year, the business earned $0.13 earnings per share. The company’s revenue was down 6.7% on a year-over-year basis.

A number of equities research analysts recently weighed in on WETF shares. Morgan Stanley cut their price objective on shares of Wisdom Tree Investments from $7.00 to $6.00 and set an “equal weight” rating on the stock in a research note on Tuesday, October 8th. Zacks Investment Research cut shares of Wisdom Tree Investments from a “hold” rating to a “sell” rating in a research note on Sunday, November 3rd. BidaskClub cut shares of Wisdom Tree Investments from a “sell” rating to a “strong sell” rating in a research note on Monday, November 25th. ValuEngine upgraded shares of Wisdom Tree Investments from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. Finally, Northland Securities reiterated a “hold” rating and issued a $6.50 price target on shares of Wisdom Tree Investments in a research report on Friday, October 25th. Four analysts have rated the stock with a sell rating and three have given a hold rating to the stock. Wisdom Tree Investments presently has an average rating of “Sell” and a consensus target price of $7.10.

Shares of NASDAQ WETF traded down $0.08 during midday trading on Friday, reaching $4.86. 295,730 shares of the company traded hands, compared to its average volume of 810,512. Wisdom Tree Investments has a 52 week low of $4.55 and a 52 week high of $8.04. The stock has a 50-day moving average price of $5.07 and a 200 day moving average price of $5.62. The company has a debt-to-equity ratio of 0.55, a current ratio of 1.72 and a quick ratio of 1.67. The company has a market cap of $766.75 million, a price-to-earnings ratio of 15.19, a PEG ratio of 2.90 and a beta of 1.53.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 6th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, November 5th. This represents a $0.12 annualized dividend and a yield of 2.47%. Wisdom Tree Investments’s dividend payout ratio (DPR) is presently 37.50%.

In other Wisdom Tree Investments news, Director Anthony Bossone purchased 100,000 shares of the business’s stock in a transaction dated Thursday, November 14th. The stock was bought at an average cost of $4.99 per share, for a total transaction of $499,000.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Frank Salerno sold 6,672 shares of the business’s stock in a transaction that occurred on Monday, November 11th. The shares were sold at an average price of $5.34, for a total value of $35,628.48. The disclosure for this sale can be found here. Insiders own 14.90% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in WETF. First Trust Advisors LP lifted its stake in Wisdom Tree Investments by 24.8% in the first quarter. First Trust Advisors LP now owns 64,753 shares of the asset manager’s stock valued at $457,000 after buying an additional 12,862 shares during the period. Whittier Trust Co. raised its position in shares of Wisdom Tree Investments by 5.0% during the second quarter. Whittier Trust Co. now owns 114,348 shares of the asset manager’s stock worth $705,000 after purchasing an additional 5,494 shares during the period. Whittier Trust Co. of Nevada Inc. raised its position in shares of Wisdom Tree Investments by 13.1% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 19,574 shares of the asset manager’s stock worth $121,000 after purchasing an additional 2,260 shares during the period. McGuire Investment Group LLC raised its position in shares of Wisdom Tree Investments by 1.2% during the second quarter. McGuire Investment Group LLC now owns 388,902 shares of the asset manager’s stock worth $2,400,000 after purchasing an additional 4,758 shares during the period. Finally, SG Americas Securities LLC raised its position in shares of Wisdom Tree Investments by 1,351.0% during the second quarter. SG Americas Securities LLC now owns 714,279 shares of the asset manager’s stock worth $4,407,000 after purchasing an additional 665,052 shares during the period. 72.42% of the stock is currently owned by hedge funds and other institutional investors.

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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