$0.54 EPS Expected for Waddell & Reed Financial, Inc. (WDR) This Quarter

Brokerages expect that Waddell & Reed Financial, Inc. (NYSE:WDR) will report earnings per share (EPS) of $0.54 for the current quarter, according to Zacks Investment Research. Two analysts have made estimates for Waddell & Reed Financial’s earnings, with estimates ranging from $0.48 to $0.58. Waddell & Reed Financial posted earnings per share of $0.39 during the same quarter last year, which would indicate a positive year over year growth rate of 38.5%. The company is expected to report its next quarterly earnings results on Tuesday, May 1st.

On average, analysts expect that Waddell & Reed Financial will report full year earnings of $2.07 per share for the current fiscal year, with EPS estimates ranging from $1.60 to $2.49. For the next fiscal year, analysts forecast that the firm will report earnings of $2.01 per share, with EPS estimates ranging from $1.55 to $2.24. Zacks’ EPS calculations are a mean average based on a survey of analysts that that provide coverage for Waddell & Reed Financial.

Waddell & Reed Financial (NYSE:WDR) last announced its quarterly earnings results on Tuesday, January 30th. The asset manager reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.45 by $0.03. Waddell & Reed Financial had a net margin of 10.72% and a return on equity of 16.72%. The firm had revenue of $294.48 million during the quarter, compared to analysts’ expectations of $286.55 million. During the same quarter in the prior year, the company earned $0.43 EPS. The company’s revenue was up .5% compared to the same quarter last year.

WDR has been the subject of a number of analyst reports. Royal Bank of Canada set a $18.00 target price on shares of Waddell & Reed Financial and gave the company a “sell” rating in a research report on Wednesday, October 18th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $21.00 target price on shares of Waddell & Reed Financial in a research report on Thursday, October 26th. Bank of America set a $20.00 target price on shares of Waddell & Reed Financial and gave the company a “sell” rating in a research report on Tuesday, January 30th. Zacks Investment Research cut shares of Waddell & Reed Financial from a “buy” rating to a “hold” rating and set a $24.00 target price for the company. in a research report on Saturday, January 6th. Finally, Citigroup raised shares of Waddell & Reed Financial from a “sell” rating to a “neutral” rating and set a $24.00 target price for the company in a research report on Wednesday, January 31st. Six research analysts have rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $20.67.

Shares of Waddell & Reed Financial (NYSE WDR) opened at $20.28 on Thursday. Waddell & Reed Financial has a 52-week low of $16.11 and a 52-week high of $23.82. The company has a debt-to-equity ratio of 0.11, a quick ratio of 1.14 and a current ratio of 3.02. The company has a market cap of $1,677.16, a P/E ratio of 11.86 and a beta of 2.00.

In other Waddell & Reed Financial news, Director Jerry W. Walton sold 5,792 shares of the firm’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $22.95, for a total value of $132,926.40. Following the completion of the transaction, the director now owns 81,332 shares of the company’s stock, valued at $1,866,569.40. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CAO John E. Sundeen, Jr. sold 45,168 shares of the firm’s stock in a transaction on Thursday, December 21st. The stock was sold at an average price of $22.48, for a total transaction of $1,015,376.64. Following the completion of the transaction, the chief accounting officer now directly owns 270,437 shares of the company’s stock, valued at approximately $6,079,423.76. The disclosure for this sale can be found here. Insiders have sold 101,411 shares of company stock valued at $2,229,239 in the last three months. 3.80% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Arrowstreet Capital Limited Partnership purchased a new position in shares of Waddell & Reed Financial in the fourth quarter worth $7,059,000. Systematic Financial Management LP raised its holdings in shares of Waddell & Reed Financial by 26.6% in the fourth quarter. Systematic Financial Management LP now owns 254,459 shares of the asset manager’s stock worth $5,685,000 after buying an additional 53,508 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its holdings in shares of Waddell & Reed Financial by 7.5% in the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 268,981 shares of the asset manager’s stock worth $6,009,000 after buying an additional 18,878 shares during the last quarter. UBS Asset Management Americas Inc. raised its holdings in shares of Waddell & Reed Financial by 7.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 106,854 shares of the asset manager’s stock worth $2,387,000 after buying an additional 7,586 shares during the last quarter. Finally, BlackRock Inc. raised its holdings in shares of Waddell & Reed Financial by 0.4% in the fourth quarter. BlackRock Inc. now owns 16,485,645 shares of the asset manager’s stock worth $368,289,000 after buying an additional 67,209 shares during the last quarter. 95.87% of the stock is owned by institutional investors and hedge funds.

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About Waddell & Reed Financial

Waddell & Reed Financial, Inc, incorporated on December 24, 1981, is a holding company. The Company is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting, and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds (the Advisors Funds), Ivy Funds, Ivy Funds Variable Insurance Portfolios (Ivy Funds VIP), InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV (the SICAV) and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts.

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Earnings History and Estimates for Waddell & Reed Financial (NYSE:WDR)

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