Wall Street brokerages expect that WisdomTree Investments, Inc. (NASDAQ:WETF – Get Rating) will post $80.70 million in sales for the current quarter, Zacks Investment Research reports. Three analysts have provided estimates for WisdomTree Investments’ earnings. The highest sales estimate is $81.46 million and the lowest is $80.18 million. WisdomTree Investments posted sales of $77.60 million during the same quarter last year, which would suggest a positive year over year growth rate of 4%. The firm is expected to issue its next earnings results on Monday, January 1st.
According to Zacks, analysts expect that WisdomTree Investments will report full year sales of $326.03 million for the current year, with estimates ranging from $321.90 million to $329.26 million. For the next fiscal year, analysts forecast that the business will post sales of $347.96 million, with estimates ranging from $335.00 million to $360.91 million. Zacks Investment Research’s sales averages are an average based on a survey of sell-side research analysts that follow WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF – Get Rating) last released its quarterly earnings data on Friday, April 29th. The asset manager reported $0.09 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.08 by $0.01. WisdomTree Investments had a net margin of 16.18% and a return on equity of 23.10%. The business had revenue of $78.40 million during the quarter, compared to analysts’ expectations of $78.74 million. During the same period in the prior year, the company earned $0.08 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year.
In other WisdomTree Investments news, CEO Jonathan L. Steinberg sold 153,913 shares of the business’s stock in a transaction dated Tuesday, February 15th. The stock was sold at an average price of $5.87, for a total value of $903,469.31. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 8.00% of the stock is currently owned by insiders.
A number of hedge funds have recently bought and sold shares of the business. State Street Corp boosted its position in shares of WisdomTree Investments by 4.4% during the 4th quarter. State Street Corp now owns 4,546,910 shares of the asset manager’s stock valued at $27,827,000 after acquiring an additional 189,606 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in WisdomTree Investments by 1.5% during the 3rd quarter. Bank of New York Mellon Corp now owns 3,648,258 shares of the asset manager’s stock valued at $20,685,000 after buying an additional 52,585 shares during the period. Toroso Investments LLC raised its holdings in WisdomTree Investments by 38.5% during the 4th quarter. Toroso Investments LLC now owns 2,516,957 shares of the asset manager’s stock valued at $15,403,000 after buying an additional 699,449 shares during the period. Renaissance Technologies LLC raised its holdings in WisdomTree Investments by 13.6% during the 3rd quarter. Renaissance Technologies LLC now owns 1,735,879 shares of the asset manager’s stock valued at $9,842,000 after buying an additional 207,800 shares during the period. Finally, Morgan Stanley raised its holdings in WisdomTree Investments by 51.6% during the 2nd quarter. Morgan Stanley now owns 1,700,384 shares of the asset manager’s stock valued at $10,542,000 after buying an additional 578,514 shares during the period. Institutional investors and hedge funds own 80.73% of the company’s stock.
Shares of NASDAQ:WETF traded down $0.27 during trading on Friday, reaching $5.83. The stock had a trading volume of 1,194,056 shares, compared to its average volume of 1,152,745. The stock has a market cap of $854.62 million, a price-to-earnings ratio of 18.81 and a beta of 1.71. WisdomTree Investments has a 52 week low of $5.08 and a 52 week high of $7.38. The firm’s fifty day moving average is $8.19 and its 200 day moving average is $10.86. The company has a debt-to-equity ratio of 1.18, a quick ratio of 2.11 and a current ratio of 3.63.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 25th. Stockholders of record on Wednesday, May 11th will be issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.06%. The ex-dividend date of this dividend is Tuesday, May 10th. WisdomTree Investments’s dividend payout ratio (DPR) is presently 38.71%.
WisdomTree Investments Company Profile (Get Rating)
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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