WisdomTree Investments (WETF) Posts Earnings Results, Misses Expectations By $0.03 EPS

WisdomTree Investments (NASDAQ:WETF) issued its quarterly earnings results on Friday, February 2nd. The asset manager reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03), Bloomberg Earnings reports. The firm had revenue of $61.39 million during the quarter, compared to analyst estimates of $60.89 million. WisdomTree Investments had a return on equity of 16.00% and a net margin of 11.46%. The business’s revenue was up 20.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.03 earnings per share.

WisdomTree Investments (WETF) traded up $0.04 during mid-day trading on Friday, hitting $10.05. The company had a trading volume of 2,294,690 shares, compared to its average volume of 1,718,354. The stock has a market cap of $1,376.81, a P/E ratio of 50.25, a PEG ratio of 1.56 and a beta of 2.69. WisdomTree Investments has a 52-week low of $7.87 and a 52-week high of $13.41.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Tuesday, February 13th. This represents a $0.12 annualized dividend and a dividend yield of 1.19%. WisdomTree Investments’s dividend payout ratio is presently 160.00%.

A number of equities analysts have weighed in on WETF shares. Deutsche Bank started coverage on WisdomTree Investments in a research note on Tuesday, October 17th. They set a “buy” rating and a $13.00 price objective on the stock. Zacks Investment Research downgraded WisdomTree Investments from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. BidaskClub upgraded WisdomTree Investments from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, December 6th. UBS Group lifted their target price on WisdomTree Investments from $8.00 to $8.50 and gave the company a “sell” rating in a research report on Tuesday, November 14th. Finally, Keefe, Bruyette & Woods upgraded WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research report on Tuesday, November 14th. Three research analysts have rated the stock with a sell rating, five have issued a hold rating and four have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $11.72.

In related news, insider Kurt Macalpine purchased 19,710 shares of the business’s stock in a transaction on Monday, February 5th. The shares were bought at an average price of $10.38 per share, for a total transaction of $204,589.80. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Frank Salerno sold 50,000 shares of the company’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $11.71, for a total value of $585,500.00. The disclosure for this sale can be found here. 16.10% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Everence Capital Management Inc. purchased a new stake in WisdomTree Investments during the 3rd quarter worth about $103,000. 3D Asset Management Inc. purchased a new stake in WisdomTree Investments during the 3rd quarter worth about $112,000. Traynor Capital Management Inc. purchased a new stake in WisdomTree Investments during the 3rd quarter worth about $111,000. Shelton Capital Management purchased a new stake in WisdomTree Investments during the 2nd quarter worth about $116,000. Finally, Virtu Financial LLC acquired a new position in shares of WisdomTree Investments during the 4th quarter worth about $148,000. Institutional investors own 89.75% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was originally reported by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another site, it was stolen and republished in violation of United States & international copyright & trademark law. The original version of this report can be viewed at https://stocknewstimes.com/2018/02/11/wisdomtree-investments-wetf-releases-earnings-results-misses-expectations-by-0-03-eps.html.

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.

Earnings History for WisdomTree Investments (NASDAQ:WETF)

Receive News & Ratings for WisdomTree Investments Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WisdomTree Investments and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply