WisdomTree (NYSE:WT) Announces Earnings Results

WisdomTree (NYSE:WT) released its quarterly earnings results on Friday. The company reported $0.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.11 by $0.01, Briefing.com reports. The company had revenue of $96.84 million during the quarter, compared to analysts’ expectations of $94.32 million. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. The business’s quarterly revenue was up 18.0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.07 earnings per share.

WisdomTree Stock Performance

WT traded down $0.12 during trading on Friday, reaching $8.65. 1,926,566 shares of the company’s stock were exchanged, compared to its average volume of 1,232,361. WisdomTree has a fifty-two week low of $6.05 and a fifty-two week high of $9.69. The company has a market capitalization of $1.31 billion, a P/E ratio of 13.31 and a beta of 1.49. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.67. The business has a 50 day moving average price of $8.64 and a 200 day moving average price of $7.41.

WisdomTree Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were given a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.12 annualized dividend and a yield of 1.39%. WisdomTree’s dividend payout ratio (DPR) is currently 18.46%.

Insider Activity

In other WisdomTree news, CEO Jonathan L. Steinberg purchased 303,781 shares of the business’s stock in a transaction on Tuesday, February 13th. The stock was purchased at an average price of $7.20 per share, for a total transaction of $2,187,223.20. Following the completion of the purchase, the chief executive officer now directly owns 9,172,838 shares in the company, valued at $66,044,433.60. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 7.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on WT shares. Craig Hallum assumed coverage on WisdomTree in a research report on Wednesday, March 6th. They set a “buy” rating and a $12.00 price objective for the company. UBS Group upped their price target on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th. Northland Securities upgraded shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Wednesday, April 3rd. Morgan Stanley upped their target price on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Oppenheimer decreased their price target on shares of WisdomTree from $12.00 to $11.00 and set an “outperform” rating on the stock in a research report on Monday, April 22nd. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $10.88.

WisdomTree Company Profile

WisdomTree, 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.