Brokerages expect Wisdom Tree Investments Inc (NASDAQ:WETF) to report earnings of $0.09 per share for the current fiscal quarter, according to Zacks. Four analysts have provided estimates for Wisdom Tree Investments’ earnings, with the lowest EPS estimate coming in at $0.07 and the highest estimate coming in at $0.10. Wisdom Tree Investments reported earnings per share of $0.04 during the same quarter last year, which indicates a positive year-over-year growth rate of 125%. The company is scheduled to announce its next earnings report on Friday, February 1st.
On average, analysts expect that Wisdom Tree Investments will report full year earnings of $0.34 per share for the current year, with EPS estimates ranging from $0.33 to $0.35. For the next fiscal year, analysts anticipate that the firm will post earnings of $0.35 per share, with EPS estimates ranging from $0.27 to $0.42. Zacks’ EPS averages are an average based on a survey of analysts that cover Wisdom Tree Investments.
Wisdom Tree Investments (NASDAQ:WETF) last issued its earnings results on Friday, October 26th. The asset manager reported $0.09 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.09. The firm had revenue of $72.57 million for the quarter, compared to the consensus estimate of $72.32 million. Wisdom Tree Investments had a return on equity of 16.22% and a net margin of 18.05%. The company’s revenue was up 25.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.06 EPS.
A number of equities research analysts have weighed in on the company. ValuEngine raised Wisdom Tree Investments from a “strong sell” rating to a “sell” rating in a report on Wednesday, October 3rd. Morgan Stanley reduced their target price on Wisdom Tree Investments from $10.00 to $9.50 and set an “equal weight” rating on the stock in a report on Tuesday, October 9th. Citigroup reduced their target price on Wisdom Tree Investments from $7.00 to $6.00 and set a “sell” rating on the stock in a report on Thursday, September 20th. Credit Suisse Group reduced their target price on Wisdom Tree Investments from $12.00 to $10.00 and set an “outperform” rating on the stock in a report on Monday, October 29th. Finally, Zacks Investment Research raised Wisdom Tree Investments from a “sell” rating to a “hold” rating in a report on Saturday, October 13th. Three analysts have rated the stock with a sell rating, four have given a hold rating and three have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $10.75.
Shares of WETF stock traded down $0.05 during trading hours on Tuesday, reaching $6.58. The company’s stock had a trading volume of 42,816 shares, compared to its average volume of 953,983. The company has a market cap of $1.02 billion, a PE ratio of 26.31, a P/E/G ratio of 0.76 and a beta of 1.88. Wisdom Tree Investments has a fifty-two week low of $6.15 and a fifty-two week high of $13.41. The company has a debt-to-equity ratio of 0.52, a quick ratio of 1.77 and a current ratio of 1.84.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Vident Investment Advisory LLC acquired a new stake in shares of Wisdom Tree Investments during the 2nd quarter valued at $100,000. Dynamic Technology Lab Private Ltd bought a new position in Wisdom Tree Investments during the 2nd quarter worth $215,000. Cubist Systematic Strategies LLC bought a new position in Wisdom Tree Investments during the 2nd quarter worth $230,000. SG Americas Securities LLC raised its position in Wisdom Tree Investments by 42.5% during the 2nd quarter. SG Americas Securities LLC now owns 32,779 shares of the asset manager’s stock worth $298,000 after purchasing an additional 9,780 shares during the last quarter. Finally, Raymond James & Associates raised its position in Wisdom Tree Investments by 24.6% during the 2nd quarter. Raymond James & Associates now owns 58,038 shares of the asset manager’s stock worth $527,000 after purchasing an additional 11,462 shares during the last quarter. 71.06% of the stock is currently owned by institutional investors.
About Wisdom Tree 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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