WisdomTree Investments (WETF) to Release Quarterly Earnings on Friday

WisdomTree Investments (NASDAQ:WETFGet Rating) is set to issue its quarterly earnings data before the market opens on Friday, April 29th. Analysts expect the company to announce earnings of $0.08 per share for the quarter. Parties interested in participating in the company’s conference call can do so using this link.

WisdomTree Investments (NASDAQ:WETFGet Rating) last released its quarterly earnings results on Friday, January 28th. The asset manager reported $0.20 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.18 by $0.02. The company had revenue of $79.20 million for the quarter, compared to the consensus estimate of $78.62 million. WisdomTree Investments had a net margin of 16.18% and a return on equity of 23.10%. WisdomTree Investments’s revenue was up 18.0% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 earnings per share. On average, analysts expect WisdomTree Investments to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

WisdomTree Investments stock opened at $6.25 on Friday. The company has a market cap of $916.16 million, a price-to-earnings ratio of 20.16 and a beta of 1.71. The firm’s fifty day moving average is $8.84 and its 200 day moving average is $11.08. The company has a quick ratio of 2.11, a current ratio of 3.63 and a debt-to-equity ratio of 1.18. WisdomTree Investments has a 52-week low of $5.08 and a 52-week high of $7.38.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, February 23rd. Investors of record on Wednesday, February 9th were paid a dividend of $0.06 per share. This is an increase from WisdomTree Investments’s previous quarterly dividend of $0.03. The ex-dividend date was Tuesday, February 8th. This represents a $0.24 dividend on an annualized basis and a yield of 3.84%. WisdomTree Investments’s dividend payout ratio is presently 38.71%.

In related news, CEO Jonathan L. Steinberg sold 153,913 shares of the firm’s stock in a transaction dated Tuesday, February 15th. The shares were sold at an average price of $5.87, for a total value of $903,469.31. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 8.00% of the company’s stock.

A number of hedge funds have recently bought and sold shares of WETF. Janus Henderson Group PLC purchased a new position in WisdomTree Investments in the 3rd quarter worth about $65,000. Royal Bank of Canada grew its holdings in WisdomTree Investments by 11.5% during the 3rd quarter. Royal Bank of Canada now owns 78,102 shares of the asset manager’s stock worth $443,000 after acquiring an additional 8,079 shares in the last quarter. BNP Paribas Arbitrage SA grew its holdings in WisdomTree Investments by 184.9% during the 3rd quarter. BNP Paribas Arbitrage SA now owns 114,251 shares of the asset manager’s stock worth $648,000 after acquiring an additional 74,142 shares in the last quarter. Citigroup Inc. grew its holdings in WisdomTree Investments by 33.0% during the 4th quarter. Citigroup Inc. now owns 112,405 shares of the asset manager’s stock worth $688,000 after acquiring an additional 27,911 shares in the last quarter. Finally, Credit Suisse AG grew its holdings in WisdomTree Investments by 72.8% during the 4th quarter. Credit Suisse AG now owns 142,946 shares of the asset manager’s stock worth $875,000 after acquiring an additional 60,199 shares in the last quarter. 80.73% of the stock is currently owned by institutional investors.

Several equities research analysts have recently weighed in on the stock. StockNews.com assumed coverage on shares of WisdomTree Investments in a research note on Thursday, March 31st. They issued a “hold” rating on the stock. Zacks Investment Research downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research note on Friday, March 11th. Deutsche Bank Aktiengesellschaft reduced their target price on shares of WisdomTree Investments from $7.00 to $6.00 in a research note on Thursday, April 7th. Finally, Morgan Stanley reduced their target price on shares of WisdomTree Investments from $7.00 to $6.75 in a research note on Friday, April 8th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $10.44.

WisdomTree Investments Company Profile (Get Rating)

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.

Further Reading

Earnings History for WisdomTree Investments (NASDAQ:WETF)

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