Equities analysts predict that WisdomTree Investments, Inc. (NASDAQ:WETF) will post sales of $62.17 million for the current quarter, according to Zacks. Four analysts have made estimates for WisdomTree Investments’ earnings. The lowest sales estimate is $61.20 million and the highest is $63.43 million. WisdomTree Investments reported sales of $54.60 million in the same quarter last year, which indicates a positive year over year growth rate of 13.9%. The company is scheduled to announce its next quarterly earnings report on Friday, April 27th.
On average, analysts expect that WisdomTree Investments will report full year sales of $62.17 million for the current year, with estimates ranging from $253.60 million to $276.00 million. For the next financial year, analysts forecast that the business will post sales of $305.05 million per share, with estimates ranging from $269.70 million to $340.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of analysts that that provide coverage for WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.07 by ($0.03). The company had revenue of $61.39 million during the quarter, compared to analysts’ expectations of $60.89 million. WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.00%. The firm’s quarterly revenue was up 20.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.03 earnings per share.
Shares of WisdomTree Investments (NASDAQ:WETF) opened at $10.23 on Tuesday. The stock has a market capitalization of $1,379.55, a price-to-earnings ratio of 41.96, a price-to-earnings-growth ratio of 1.62 and a beta of 2.69. WisdomTree Investments has a twelve month low of $7.87 and a twelve month high of $13.41.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be paid a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.17%. The ex-dividend date is Tuesday, February 13th. WisdomTree Investments’s payout ratio is 60.00%.
In related news, Director Frank Salerno sold 50,000 shares of the stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $11.71, for a total transaction of $585,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Kurt Macalpine bought 19,710 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were purchased at an average cost of $10.38 per share, for a total transaction of $204,589.80. The disclosure for this purchase can be found here. In the last three months, insiders have sold 156,663 shares of company stock worth $1,677,379. 16.60% of the stock is owned by corporate insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of WETF. Everence Capital Management Inc. acquired a new position in WisdomTree Investments during the 3rd quarter worth about $103,000. Traynor Capital Management Inc. acquired a new position in WisdomTree Investments during the 3rd quarter worth about $111,000. 3D Asset Management Inc. acquired a new position in WisdomTree Investments during the 3rd quarter worth about $112,000. Jane Street Group LLC acquired a new position in WisdomTree Investments during the 3rd quarter worth about $129,000. Finally, Virtu Financial LLC acquired a new position in WisdomTree Investments during the 4th quarter worth about $148,000. 88.90% of the stock is currently owned by hedge funds and other institutional investors.
WisdomTree Investments Company Profile
WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.
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