WisdomTree (WT) Scheduled to Post Quarterly Earnings on Friday

WisdomTree (NYSE:WT) is set to issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Parties that are interested in registering for the company’s conference call can do so using this link.

WisdomTree (NYSE:WT) last issued its quarterly earnings results on Friday, February 2nd. The company reported $0.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.10 by $0.01. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. The company had revenue of $90.84 million for the quarter, compared to the consensus estimate of $90.32 million. During the same period in the previous year, the firm earned $0.04 EPS. The firm’s quarterly revenue was up 23.9% on a year-over-year basis. On average, analysts expect WisdomTree to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

WisdomTree Trading Up 1.1 %

Shares of WT opened at $8.78 on Friday. The business’s 50-day moving average price is $8.45 and its 200-day moving average price is $7.34. WisdomTree has a twelve month low of $6.05 and a twelve month high of $9.69. The stock has a market cap of $1.33 billion, a PE ratio of 13.50 and a beta of 1.49. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.67.

WisdomTree Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $0.03 dividend. This represents a $0.12 annualized dividend and a dividend yield of 1.37%. The ex-dividend date was Tuesday, February 13th. WisdomTree’s dividend payout ratio (DPR) is 18.46%.

Analyst Ratings Changes

WT has been the subject of a number of analyst reports. Oppenheimer increased their price objective on WisdomTree from $11.00 to $12.00 and gave the company an “outperform” rating in a research note on Monday, February 5th. Morgan Stanley raised their target price on WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a research report on Wednesday. Craig Hallum began coverage on WisdomTree in a report on Wednesday, March 6th. They issued a “buy” rating and a $12.00 price target on the stock. Northland Securities raised WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Wednesday, April 3rd. Finally, Northcoast Research raised WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 price objective on the stock in a research note on Thursday, December 28th. One equities research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, WisdomTree currently has an average rating of “Moderate Buy” and an average price target of $11.04.

Insider Activity at WisdomTree

In other WisdomTree news, CEO Jonathan L. Steinberg purchased 303,781 shares of the firm’s stock in a transaction on Tuesday, February 13th. The stock was bought at an average cost of $7.20 per share, for a total transaction of $2,187,223.20. Following the completion of the purchase, the chief executive officer now owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of WT. Northern Trust Corp acquired a new stake in shares of WisdomTree in the third quarter worth approximately $10,407,000. Price T Rowe Associates Inc. MD boosted its stake in shares of WisdomTree by 162.0% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 587,274 shares of the company’s stock worth $4,071,000 after acquiring an additional 363,123 shares during the last quarter. Voya Investment Management LLC boosted its stake in shares of WisdomTree by 5.7% in the fourth quarter. Voya Investment Management LLC now owns 432,796 shares of the company’s stock worth $2,999,000 after acquiring an additional 23,463 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of WisdomTree in the third quarter worth approximately $2,891,000. Finally, Cubist Systematic Strategies LLC acquired a new stake in shares of WisdomTree in the fourth quarter worth approximately $2,662,000. 78.64% of the stock is currently owned by hedge funds and other institutional investors.

WisdomTree Company Profile

WisdomTree, 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.