Zacks: Analysts Expect WisdomTree Investments, Inc. (WETF) Will Announce Quarterly Sales of $58.52 Million
Analysts predict that WisdomTree Investments, Inc. (NASDAQ:WETF) will post $58.52 million in sales for the current quarter, Zacks reports. Four analysts have issued estimates for WisdomTree Investments’ earnings. The lowest sales estimate is $58.02 million and the highest is $59.05 million. WisdomTree Investments reported sales of $51.79 million during the same quarter last year, which would indicate a positive year-over-year growth rate of 13%. The business is scheduled to issue its next earnings report on Friday, October 27th.
According to Zacks, analysts expect that WisdomTree Investments will report full-year sales of $58.52 million for the current fiscal year, with estimates ranging from $229.40 million to $238.33 million. For the next fiscal year, analysts expect that the company will report sales of $262.64 million per share, with estimates ranging from $246.90 million to $277.50 million. Zacks’ sales calculations are an average based on a survey of analysts that follow WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last announced its earnings results on Friday, July 28th. The asset manager reported $0.09 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.02. WisdomTree Investments had a net margin of 13.33% and a return on equity of 15.41%. The company had revenue of $63.40 million during the quarter, compared to the consensus estimate of $57.27 million. During the same period in the previous year, the firm posted $0.07 earnings per share. The company’s revenue was up 13.2% on a year-over-year basis.
A number of research analysts have recently commented on WETF shares. Zacks Investment Research cut shares of WisdomTree Investments from a “buy” rating to a “hold” rating in a report on Wednesday, July 26th. Jefferies Group LLC reiterated a “buy” rating and issued a $14.00 price objective on shares of WisdomTree Investments in a report on Thursday, September 7th. BidaskClub lowered shares of WisdomTree Investments from a “sell” rating to a “strong sell” rating in a report on Saturday, August 19th. ValuEngine lowered shares of WisdomTree Investments from a “hold” rating to a “sell” rating in a report on Thursday, July 20th. Finally, Keefe, Bruyette & Woods reiterated an “underperform” rating on shares of WisdomTree Investments in a report on Thursday, August 10th. Five analysts have rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the stock. WisdomTree Investments has a consensus rating of “Hold” and a consensus price target of $10.11.
WisdomTree Investments (WETF) opened at 9.08 on Monday. The company has a market capitalization of $1.22 billion, a P/E ratio of 41.27 and a beta of 3.14. WisdomTree Investments has a 52 week low of $7.87 and a 52 week high of $13.32. The firm has a 50 day moving average of $9.32 and a 200-day moving average of $9.38.
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, August 23rd. Stockholders of record on Wednesday, August 9th were given a dividend of $0.08 per share. This represents a $0.32 annualized dividend and a dividend yield of 3.52%. The ex-dividend date of this dividend was Monday, August 7th. WisdomTree Investments’s dividend payout ratio (DPR) is 145.46%.
In related news, Director Bruce I. Lavine sold 10,289 shares of WisdomTree Investments stock in a transaction on Friday, August 4th. The shares were sold at an average price of $10.10, for a total value of $103,918.90. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 16.60% of the company’s stock.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Penserra Capital Management LLC acquired a new stake in WisdomTree Investments in the 2nd quarter valued at $107,000. Shelton Capital Management acquired a new stake in WisdomTree Investments in the 2nd quarter valued at $116,000. Quantitative Systematic Strategies LLC acquired a new stake in WisdomTree Investments in the 2nd quarter valued at $133,000. Capstone Asset Management Co. acquired a new stake in WisdomTree Investments in the 1st quarter valued at $120,000. Finally, Aperio Group LLC grew its position in WisdomTree Investments by 31.7% in the 2nd quarter. Aperio Group LLC now owns 13,353 shares of the asset manager’s stock valued at $136,000 after purchasing an additional 3,212 shares during the period. 92.49% of the stock is owned by institutional investors and hedge funds.
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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