Wall Street analysts expect that WisdomTree Investments, Inc. (NASDAQ:WETF) will report sales of $58.19 million for the current quarter, according to Zacks Investment Research. Four analysts have made estimates for WisdomTree Investments’ earnings. The highest sales estimate is $58.80 million and the lowest is $57.75 million. WisdomTree Investments reported sales of $51.79 million in the same quarter last year, which indicates a positive year-over-year growth rate of 12.4%. The company is scheduled to report its next earnings results on Friday, October 27th.
On average, analysts expect that WisdomTree Investments will report full-year sales of $58.19 million for the current year, with estimates ranging from $229.40 million to $237.50 million. For the next year, analysts anticipate that the company will post sales of $260.76 million per share, with estimates ranging from $246.90 million to $277.50 million. Zacks’ sales averages are an average based on a survey of research firms that cover WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last issued its earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.02. The business had revenue of $63.40 million for the quarter, compared to analyst estimates of $57.27 million. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. WisdomTree Investments’s revenue was up 13.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.07 earnings per share.
A number of research analysts have issued reports on WETF shares. Zacks Investment Research downgraded shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Wednesday, July 26th. Jefferies Group LLC reissued a “buy” rating and set a $14.00 price objective on shares of WisdomTree Investments in a research report on Thursday, September 7th. BidaskClub downgraded shares of WisdomTree Investments from a “sell” rating to a “strong sell” rating in a research report on Saturday, August 19th. ValuEngine downgraded shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a research report on Thursday, July 20th. Finally, Keefe, Bruyette & Woods reissued an “underperform” rating on shares of WisdomTree Investments in a research report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $10.25.
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Shares of WisdomTree Investments (WETF) traded up 0.11% on Monday, reaching $9.02. 780,227 shares of the company traded hands. WisdomTree Investments has a one year low of $7.87 and a one year high of $13.32. The stock’s 50 day moving average price is $9.25 and its 200-day moving average price is $9.38. The stock has a market capitalization of $1.21 billion, a P/E ratio of 41.00 and a beta of 3.14.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were issued a dividend of $0.08 per share. This represents a $0.32 dividend on an annualized basis and a dividend yield of 3.55%. The ex-dividend date was Monday, August 7th. WisdomTree Investments’s dividend payout ratio (DPR) is presently 145.46%.
In other news, Director Bruce I. Lavine sold 10,289 shares of the business’s stock in a transaction on Friday, August 4th. The shares were sold at an average price of $10.10, for a total transaction of $103,918.90. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 16.10% of the company’s stock.
Several hedge funds have recently made changes to their positions in the company. Bank of Montreal Can boosted its holdings in shares of WisdomTree Investments by 0.7% during the 2nd quarter. Bank of Montreal Can now owns 50,078 shares of the asset manager’s stock valued at $508,000 after buying an additional 356 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its stake in WisdomTree Investments by 1.5% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 39,845 shares of the asset manager’s stock worth $362,000 after purchasing an additional 600 shares in the last quarter. PNC Financial Services Group Inc. boosted its stake in WisdomTree Investments by 3.5% in the 2nd quarter. PNC Financial Services Group Inc. now owns 19,688 shares of the asset manager’s stock worth $201,000 after purchasing an additional 668 shares in the last quarter. Texas Permanent School Fund boosted its stake in WisdomTree Investments by 0.8% in the 2nd quarter. Texas Permanent School Fund now owns 83,782 shares of the asset manager’s stock worth $852,000 after purchasing an additional 692 shares in the last quarter. Finally, Tudor Investment Corp ET AL boosted its stake in WisdomTree Investments by 5.4% in the 2nd quarter. Tudor Investment Corp ET AL now owns 14,289 shares of the asset manager’s stock worth $145,000 after purchasing an additional 726 shares in the last quarter. Hedge funds and other institutional investors own 92.49% of the company’s stock.
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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