$78.82 million in sales expected for WisdomTree Investments, Inc. (NASDAQ:WETF) this quarter


The brokerages expect WisdomTree Investments, Inc. (NASDAQ:WETF) to report $78.82 million in sales for the current fiscal quarter, according to Zacks. Three analysts have released earnings estimates for WisdomTree Investments, with estimates ranging from $77.37 million to $80.50 million. WisdomTree Investments recorded sales of $72.83 million in the same quarter last year, suggesting a positive year-over-year growth rate of 8.2%. The company is expected to release its next results on Friday, April 29.

According to Zacks, analysts expect WisdomTree Investments to report annual revenue of $325.73 million for the current fiscal year, with estimates ranging from $324.12 million to $327.40 million. of dollars. For the next fiscal year, analysts expect the company to post sales of $347.45 million, with estimates ranging from $337.03 million to $357.87 million. Zacks sell averages are an average average based on a survey of sell-side analysts who cover WisdomTree Investments.

WisdomTree Investments (NASDAQ:WETF) last released its quarterly results on Friday, January 28. The asset manager reported EPS of $0.10 for the quarter, beating analyst consensus estimates of $0.09 by $0.01. The company posted revenue of $79.20 million in the quarter, compared to $78.62 million expected by analysts. WisdomTree Investments had a return on equity of 23.10% and a net margin of 16.18%. The company’s quarterly revenue increased 18.0% year over year. In the same quarter a year earlier, the company posted earnings per share of $0.06.

Several research companies have recently published reports on WETF. Zacks Investment Research upgraded WisdomTree Investments from a “sell” to a “hold” rating in a Thursday, January 13 research report. Deutsche Bank Aktiengesellschaft raised its price target on WisdomTree Investments from $6.00 to $7.00 and gave the stock a “hold” rating in a Monday, Nov. 1 research report. Four analysts gave the stock a hold rating and one gave the stock a buy rating. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $7.19.

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In other news, CEO Jonathan L. Steinberg sold 153,913 shares of the company in a trade that took place on Tuesday, February 15. The stock was sold at an average price of $5.87, for a total value of $903,469.31. The transaction was disclosed in a document filed with the Securities & Exchange Commission, accessible via this hyperlink. 8.00% of the shares are held by insiders of the company.

Several hedge funds have recently changed their stock holdings. Vanguard Group Inc. increased its holdings of WisdomTree Investments shares by 2.9% in Q2. Vanguard Group Inc. now owns 13,732,505 shares of the asset manager valued at $85,142,000 after acquiring an additional 382,802 shares during the period. State Street Corp increased its holdings of WisdomTree Investments shares by 4.4% in the fourth quarter. State Street Corp now owns 4,546,910 shares of the asset manager valued at $27,827,000 after acquiring an additional 189,606 shares during the period. Azora Capital LP increased its holdings of WisdomTree Investments shares by 2.5% in Q2. Azora Capital LP now owns 4,044,409 shares of the asset manager valued at $25,075,000 after acquiring an additional 100,248 shares during the period. Bank of New York Mellon Corp increased its holdings of WisdomTree Investments shares by 1.5% in the third quarter. Bank of New York Mellon Corp now owns 3,648,258 shares of the asset manager valued at $20,685,000 after acquiring an additional 52,585 shares during the period. Finally, Toroso Investments LLC increased its equity stake in WisdomTree Investments by 38.5% in the 4th quarter. Toroso Investments LLC now owns 2,516,957 shares of the asset manager valued at $15,403,000 after acquiring an additional 699,449 shares during the period. 70.76% of the shares are held by hedge funds and other institutional investors.

NASDAQ:WETF opened at $5.61 on Friday. The company has a current ratio of 3.63, a quick ratio of 2.11 and a debt ratio of 1.18. WisdomTree Investments has a 12-month low of $5.28 and a 12-month high of $7.38. The stock has a 50-day moving average price of $5.98 and a 200-day moving average price of $6.12. The stock has a market capitalization of $814.20 million, a P/E ratio of 18.10 and a beta of 1.72.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 23. Shareholders of record on Wednesday, February 9 will receive a dividend of $0.03. This represents an annualized dividend of $0.12 and a dividend yield of 2.14%. The ex-dividend date is Tuesday, February 8. The payout ratio of WisdomTree Investments is 38.71%.

About WisdomTree Investments

WisdomTree Investments, Inc operates as an asset management company that focuses on exchange-traded products (ETPs). It distributes ETPs within the asset management industry, including brokerage firms, registered investment advisers, institutional investors, private wealth managers and discount brokers.

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