WisdomTree Investments (WETF) Expected to Post Earnings of $0.09 Per Share

Equities research analysts expect that WisdomTree Investments (NASDAQ:WETF) will announce earnings per share of $0.09 for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for WisdomTree Investments’ earnings. The highest EPS estimate is $0.11 and the lowest is $0.07. WisdomTree Investments posted earnings per share of $0.05 in the same quarter last year, which indicates a positive year over year growth rate of 80%. The business is scheduled to issue its next earnings results before the market opens on Friday, April 27th.

On average, analysts expect that WisdomTree Investments will report full-year earnings of $0.42 per share for the current fiscal year, with EPS estimates ranging from $0.35 to $0.47. For the next financial year, analysts forecast that the company will report earnings of $0.50 per share, with EPS estimates ranging from $0.40 to $0.62. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow WisdomTree Investments.

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WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings data on Friday, February 2nd. The asset manager reported $0.04 earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.03). The business had revenue of $61.39 million during the quarter, compared to the consensus estimate of $60.89 million. WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.16%. The firm’s revenue was up 20.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.03 earnings per share.

WETF has been the subject of several research reports. BidaskClub cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Tuesday, March 13th. Zacks Investment Research raised WisdomTree Investments from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a research report on Saturday, January 6th. Jefferies Group reaffirmed a “buy” rating and issued a $15.00 target price on shares of WisdomTree Investments in a research report on Thursday, January 11th. Deutsche Bank reduced their target price on WisdomTree Investments from $13.00 to $12.00 and set a “buy” rating for the company in a research report on Friday. Finally, Morgan Stanley reduced their target price on WisdomTree Investments from $14.00 to $13.00 and set an “equal weight” rating for the company in a research report on Tuesday, February 13th. Four analysts have rated the stock with a sell rating, four have assigned a hold rating and four have assigned a buy rating to the company’s stock. WisdomTree Investments presently has an average rating of “Hold” and an average price target of $12.17.

In other WisdomTree Investments news, CEO Jonathan L. Steinberg sold 81,663 shares of the stock in a transaction on Friday, February 16th. The stock was sold at an average price of $10.15, for a total transaction of $828,879.45. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Kurt Macalpine acquired 19,710 shares of the company’s stock in a transaction on Monday, February 5th. The shares were bought at an average price of $10.38 per share, with a total value of $204,589.80. The disclosure for this purchase can be found here. Insiders have sold 941,936 shares of company stock valued at $9,354,156 over the last quarter. Corporate insiders own 16.10% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Legal & General Group Plc raised its stake in WisdomTree Investments by 2.0% during the third quarter. Legal & General Group Plc now owns 232,188 shares of the asset manager’s stock worth $2,362,000 after acquiring an additional 4,487 shares in the last quarter. California Public Employees Retirement System raised its stake in WisdomTree Investments by 9.5% during the fourth quarter. California Public Employees Retirement System now owns 57,486 shares of the asset manager’s stock worth $721,000 after acquiring an additional 5,000 shares in the last quarter. American International Group Inc. raised its stake in WisdomTree Investments by 5.8% during the third quarter. American International Group Inc. now owns 91,317 shares of the asset manager’s stock worth $930,000 after acquiring an additional 5,005 shares in the last quarter. New England Research & Management Inc. raised its stake in WisdomTree Investments by 6.6% during the fourth quarter. New England Research & Management Inc. now owns 81,300 shares of the asset manager’s stock worth $1,020,000 after acquiring an additional 5,050 shares in the last quarter. Finally, Swiss National Bank raised its stake in WisdomTree Investments by 3.7% during the fourth quarter. Swiss National Bank now owns 198,200 shares of the asset manager’s stock worth $2,487,000 after acquiring an additional 7,100 shares in the last quarter. Hedge funds and other institutional investors own 86.35% of the company’s stock.

WETF stock traded down $0.24 during midday trading on Friday, hitting $8.80. The stock had a trading volume of 916,014 shares, compared to its average volume of 1,200,240. The stock has a market cap of $1,245.09, a P/E ratio of 36.67, a price-to-earnings-growth ratio of 1.43 and a beta of 2.67. WisdomTree Investments has a 52 week low of $7.87 and a 52 week high of $13.41.

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WisdomTree 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 WisdomTree Investments (NASDAQ:WETF)

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