Stock analysts expect WisdomTree Investments, Inc. (NASDAQ:WETF – Get Rating) to post sales of $80.33 million for the current quarter, according to Zacks Investment Research. Three analysts provided earnings estimates for WisdomTree Investments. The lowest sales estimate is $79.94 million and the highest is $80.59 million. WisdomTree Investments reported sales of $77.60 million in the same quarter last year, suggesting a positive year-over-year growth rate of 3.5%. The company is expected to announce its next quarterly earnings report on Monday, January 1.
According to Zacks, analysts expect WisdomTree Investments to report annual revenue of $325.13 million for the current fiscal year, with estimates ranging from $322.98 million to $326.92 million. of dollars. For the next fiscal year, analysts expect the company to post sales of $351.53 million, with estimates ranging from $342.15 million to $360.91 million. Zacks Investment Research sales averages are an average based on a survey of research analysts who provide coverage for WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF – Get Rating) last reported quarterly earnings data on Friday, April 29. The asset manager reported earnings per share (EPS) of $0.09 for the quarter, beating analyst consensus estimates of $0.08 by $0.01. The company posted revenue of $78.40 million in the quarter, compared to analysts’ expectations of $78.74 million. WisdomTree Investments had a return on equity of 24.16% and a net margin of 7.79%. The company’s quarterly revenue increased by 10.0% compared to the same quarter last year. In the same quarter of the previous year, the company had earned earnings per share of $0.08.
Several equity analysts have recently weighed in on WETF shares. StockNews.com moved shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a Friday, May 20 research note. Morgan Stanley cut its price target on WisdomTree Investments from $7.00 to $6.75 in a Friday, April 8 report. Zacks Investment Research moved shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a Friday, May 27 research report. Finally, Deutsche Bank Aktiengesellschaft lowered its price target on WisdomTree Investments from $7.00 to $6.00 in a Thursday, April 7 research report. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has assigned the company a buy rating. According to data from MarketBeat.com, WisdomTree Investments has an average rating of “Hold” and a consensus price target of $10.44.
NASDAQ WETF shares opened at $6.19 on Friday. The company has a current ratio of 4.28, a quick ratio of 2.28 and a debt ratio of 1.26. The company has a market capitalization of $907.21 million, a price-earnings ratio of 44.21 and a beta of 1.58. WisdomTree Investments has a 12-month low of $5.08 and a 12-month high of $7.38. The company has a 50-day moving average of $5.83 and a 200-day moving average of $9.74.
The company also recently announced a quarterly dividend, which was paid on Wednesday, May 25. Shareholders of record on Wednesday, May 11 received a dividend of $0.03. The ex-dividend date was Tuesday, May 10. This represents a dividend of $0.12 on an annualized basis and a yield of 1.94%. The payout ratio of WisdomTree Investments is currently 85.71%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Two Sigma Advisers LP increased its stake in WisdomTree Investments by 286.3% during the third quarter. Two Sigma Advisers LP now owns 785,400 shares of the asset manager worth $4,453,000 after buying an additional 582,100 shares in the last quarter. Gyon Technologies Capital Management LP purchased a new equity stake from WisdomTree Investments in the third quarter, valued at approximately $663,000. Toroso Investments LLC increased its position in WisdomTree Investments by 3.1% during the 3rd quarter. Toroso Investments LLC now owns 1,817,508 shares of the asset manager worth $10,305,000 after acquiring an additional 54,080 shares during the period. Marshall Wace LLP increased its stake in shares of WisdomTree Investments by 846.7% during the third quarter. Marshall Wace LLP now owns 320,709 shares of the asset manager worth $1,818,000 after purchasing an additional 286,833 shares in the last quarter. Finally, Squarepoint Ops LLC increased its position in WisdomTree Investments by 31.5% during the third quarter. Squarepoint Ops LLC now owns 112,059 shares of the asset manager worth $635,000 after buying an additional 26,817 shares in the last quarter. 82.02% of the shares are held by institutional investors and hedge funds.
About WisdomTree Investments (Get a rating)
WisdomTree Investments, Inc, through its subsidiaries, operates as a sponsor and asset manager of exchange-traded funds (ETFs). It offers ETFs on stocks, currencies, fixed income securities and alternative asset classes. The company also licenses its indices to third parties for proprietary products, and offers a platform to promote the use of WisdomTree ETFs in 401(k) plans.
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