Equity research analysts expect WisdomTree Investments, Inc. (NASDAQ:WETF – Get Rating) to post sales of $80.33 million for the current fiscal quarter, according to Zacks Investment Research. Three analysts have released 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, indicating a positive year-over-year growth rate of 3.5%. The company is expected to release its next quarterly results on Monday, January 1.
According to Zacks, analysts expect WisdomTree Investments to report annual sales of $325.13 million for the current year, with estimates ranging from $322.98 million to $326.92 million. For the next fiscal year, analysts expect the company to record sales of $351.53 million, with estimates ranging from $342.15 million to $360.91 million. Zacks Investment Research sales calculations are an average average based on a survey of research companies that track WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF – Get Rating) last released its quarterly results on Friday, April 29. The asset manager reported EPS of $0.09 for the quarter, beating the consensus estimate of $0.08 by $0.01. The company posted revenue of $78.40 million in the quarter, versus analyst estimates of $78.74 million. WisdomTree Investments posted a net margin of 7.79% and a return on equity of 24.16%. The company’s quarterly revenue increased 10.0% year over year. In the same period a year earlier, the company posted earnings per share of $0.08.
Several equity analysts have recently commented on the stock. Morgan Stanley lowered its price target on shares of WisdomTree Investments from $7.00 to $6.75 in a Friday, April 8 research report. Deutsche Bank Aktiengesellschaft lowered its price target on shares of WisdomTree Investments from $7.00 to $6.00 in a research report Thursday, April 7. Zacks Investment Research downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a Thursday, May 5, research report. Finally, StockNews.com upgraded shares of WisdomTree Investments from a “sell” rating to a “hold” rating in a research report on Thursday. One financial analyst has assigned the stock a sell rating, three have assigned a hold rating and one has assigned the stock a buy rating. According to MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $10.44.
Shares of WisdomTree Investments opened at $5.28 on Friday. The company has a market capitalization of $773.84 million, a P/E ratio of 37.71 and a beta of 1.59. The company has a quick ratio of 2.28, a current ratio of 4.28 and a leverage ratio of 1.26. The company has a 50-day moving average price of $7.31 and a 200-day moving average price of $10.52. WisdomTree Investments has a 52 week low of $5.08 and a 52 week high of $7.38.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 25. Investors of record on Wednesday, May 11 will receive a dividend of $0.03. The ex-dividend date is Tuesday, May 10. This represents an annualized dividend of $0.12 and a yield of 2.27%. The dividend payout ratio (DPR) of WisdomTree Investments is currently 85.71%.
In related news, CEO Jonathan L. Steinberg sold 153,913 shares in a trade that took place on Tuesday, February 15. The shares were sold at an average price of $5.87, for a total value of $903,469.31. The sale was disclosed in a filing with the SEC, which is available on the SEC’s website. 8.00% of the shares are currently held by insiders.
Several hedge funds and other institutional investors have recently changed their WETF holdings. Norges Bank acquired a new stake in WisdomTree Investments in Q4 worth $6,735,000. Toroso Investments LLC increased its stake in WisdomTree Investments by 38.5% in Q4. 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. Two Sigma Advisers LP increased its stake in WisdomTree Investments by 286.3% in Q3. Two Sigma Advisers LP now owns 785,400 shares of the asset manager valued at $4,453,000 after acquiring an additional 582,100 shares during the period. Morgan Stanley increased its stake in WisdomTree Investments by 51.6% in the second quarter. Morgan Stanley now owns 1,700,384 shares of the asset manager valued at $10,542,000 after acquiring an additional 578,514 shares during the period. Finally, Wellington Management Group LLP acquired a new stake in WisdomTree Investments in Q3 worth $3,094,000. 82.02% of the shares are currently 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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