WisdomTree Investments (WETF) Expected to Post Quarterly Sales of $60.28 Million

Equities analysts predict that WisdomTree Investments (NASDAQ:WETF) will report $60.28 million in sales for the current fiscal quarter, Zacks Investment Research reports. Four analysts have made estimates for WisdomTree Investments’ earnings. The highest sales estimate is $61.90 million and the lowest is $59.17 million. WisdomTree Investments reported sales of $54.60 million during the same quarter last year, which would suggest a positive year over year growth rate of 10.4%. The business is expected to announce its next quarterly earnings results before the market opens on Friday, April 27th.

On average, analysts expect that WisdomTree Investments will report full year sales of $268.90 million for the current year, with estimates ranging from $246.50 million to $292.10 million. For the next fiscal year, analysts forecast that the business will report sales of $333.10 million per share, with estimates ranging from $325.80 million to $340.40 million. Zacks Investment Research’s sales calculations are an average based on a survey of research analysts that follow WisdomTree Investments.

WisdomTree Investments (NASDAQ:WETF) last released 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). WisdomTree Investments had a net margin of 11.46% and a return on equity of 16.16%. The firm had revenue of $61.39 million for the quarter, compared to analyst estimates of $60.89 million. During the same quarter in the prior year, the firm earned $0.03 EPS. The firm’s revenue was up 20.8% compared to the same quarter last year.



A number of research firms have recently issued reports on WETF. Zacks Investment Research lowered shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Saturday, January 13th. Jefferies Group restated a “buy” rating and set a $15.00 price target on shares of WisdomTree Investments in a report on Thursday, January 11th. BidaskClub lowered shares of WisdomTree Investments from a “strong-buy” rating to a “buy” rating in a report on Thursday, January 25th. Keefe, Bruyette & Woods restated a “hold” rating and set a $12.00 price target on shares of WisdomTree Investments in a report on Friday, February 2nd. Finally, Bank of America cut their price target on shares of WisdomTree Investments from $10.00 to $9.50 and set an “underperform” rating on the stock in a report on Monday, February 5th. Four investment analysts have rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. WisdomTree Investments presently has an average rating of “Hold” and a consensus target price of $11.95.

In related news, insider Kurt Macalpine acquired 19,710 shares of the company’s stock in a transaction on Monday, February 5th. The shares were purchased 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 accessible through the SEC website. Also, CEO Jonathan L. Steinberg sold 81,663 shares of the company’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $10.15, for a total transaction of $828,879.45. The disclosure for this sale can be found here. In the last quarter, insiders sold 941,936 shares of company stock worth $9,354,156. Company insiders own 16.60% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in WETF. Fred Alger Management Inc. increased its stake in WisdomTree Investments by 26.2% in the 4th quarter. Fred Alger Management Inc. now owns 7,392,054 shares of the asset manager’s stock valued at $92,770,000 after buying an additional 1,535,994 shares during the period. Bain Capital Public Equity Management LLC acquired a new position in shares of WisdomTree Investments during the 4th quarter worth $16,444,000. TimesSquare Capital Management LLC increased its stake in shares of WisdomTree Investments by 16.3% during the 4th quarter. TimesSquare Capital Management LLC now owns 8,403,900 shares of the asset manager’s stock worth $105,469,000 after purchasing an additional 1,176,600 shares during the last quarter. Standard Life Aberdeen plc increased its stake in shares of WisdomTree Investments by 19.4% during the 4th quarter. Standard Life Aberdeen plc now owns 3,694,333 shares of the asset manager’s stock worth $46,383,000 after purchasing an additional 600,276 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. acquired a new position in shares of WisdomTree Investments during the 4th quarter worth $5,194,000. Hedge funds and other institutional investors own 76.98% of the company’s stock.

Shares of WETF stock traded up $0.08 during trading hours on Thursday, reaching $9.76. 1,525,059 shares of the stock traded hands, compared to its average volume of 1,520,529. WisdomTree Investments has a 1-year low of $7.87 and a 1-year high of $13.41. The firm has a market capitalization of $1,446.89, a P/E ratio of 40.67, a P/E/G ratio of 1.64 and a beta of 2.67.

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About WisdomTree Investments

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.

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Earnings History and Estimates for WisdomTree Investments (NASDAQ:WETF)

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