$ 76.05 million in expected sales for WisdomTree Investments, Inc. (NASDAQ: WETF) this quarter
Stock analysts expect WisdomTree Investments, Inc. (NASDAQ: WETF) to report sales of $ 76.05 million for the current quarter, according to Zacks Investment Research. Two analysts estimated WisdomTree Investments’ earnings, with estimates ranging from $ 75.44 million to $ 76.66 million. WisdomTree Investments reported sales of $ 67.06 million in the same quarter of last year, which would indicate a positive year-over-year growth rate of 13.4%. The company is expected to announce its next results on Friday, February 4.
Zacks says analysts expect WisdomTree Investments to report annual revenue of $ 302.10 million for current fiscal year, with estimates ranging from $ 301.80 million to $ 302.25 million of dollars. For the next fiscal year, analysts predict the company will post sales of $ 318.25 million, with estimates ranging from $ 313.67 million to $ 324.08 million. Zacks Investment Research sales averages are an average based on a survey of sales-side research analysts who provide coverage for WisdomTree Investments.
WisdomTree Investments (NASDAQ: WETF) last reported its quarterly results on Thursday, October 28. The asset manager announced EPS of $ 0.10 for the quarter, beating the consensus estimate of $ 0.09 by $ 0.01. The company posted revenue of $ 78.10 million for the quarter, compared to analysts’ estimates of $ 77.65 million. WisdomTree Investments recorded a return on equity of 20.71% and a net margin of 8.50%. The company’s revenue for the quarter increased 20.3% year-over-year. In the same quarter of last year, the company posted earnings per share of $ 0.07.
Several brokerages recently commented on WETF. Deutsche Bank Aktiengesellschaft raised its price target on WisdomTree Investments from $ 6.00 to $ 7.00 and assigned the company a “hold” rating in a research note on Monday, November 1. Zacks Investment Research downgraded WisdomTree Investments from a “custody” rating to a “buy” rating and set a target price of $ 7.00 on the stock in a research note on Wednesday, December 15. Three investment analysts gave the stock a conservation rating and three gave the company a buy rating. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $ 7.03.
In other WisdomTree Investments news, insider Peter M. Ziemba sold 5,000 shares of the company in a trade dated Wednesday, November 17. The stock was sold for an average price of $ 6.76, for a total value of $ 33,800.00. The sale was disclosed in a file with the Securities & Exchange Commission, accessible through this link. 8.00% of the shares are currently held by insiders of the company.
Several institutional investors have recently increased or reduced their holdings in WETF. Millennium Management LLC increased its holdings of WisdomTree Investments shares by 279.8% during the second quarter. Millennium Management LLC now owns 1,685,036 shares of the Asset Manager valued at $ 10,447,000 after purchasing an additional 1,241,355 shares during the period. Toroso Investments LLC increased its holdings of WisdomTree Investments shares by 160.6% during the second quarter. Toroso Investments LLC now owns 1,763,428 shares of the asset manager valued at $ 10,933,000 after purchasing an additional 1,086,787 shares during the period. The Ontario Health Care Pension Plan trust fund increased its holdings in WisdomTree Investments by 220.9% in the second quarter. The Ontario Health Care Pension Plan trust fund now holds 1,255,900 shares of the asset manager valued at $ 7,787,000 after acquiring an additional 864,500 shares during the period. Two Sigma Advisers LP increased its stake in WisdomTree Investments by 286.3% in the third quarter. Two Sigma Advisers LP now owns 785,400 shares of the asset manager valued at $ 4,453,000 after acquiring an additional 582,100 shares during the period. Finally, Morgan Stanley increased its stake in WisdomTree Investments by 51.6% in the second quarter. Morgan Stanley now owns 1,700,384 shares of the asset manager valued at $ 10,542,000 after acquiring an additional 578,514 shares during the period. 70.32% of the shares are held by hedge funds and other institutional investors.
Shares of WisdomTree Investments opened at $ 5.92 on Monday. The company has a market cap of $ 859.19 million, a P / E ratio of 42.29 and a beta of 1.73. The company has a current ratio of 3.77, a rapid ratio of 2.19, and a debt ratio of 1.22. WisdomTree Investments has a 12 month low of $ 4.98 and a 12 month high of $ 7.38. The stock’s fifty-day moving average price is $ 6.29, and its 200-day moving average price is $ 6.23.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 24. Shareholders of record on Wednesday, November 10 received a dividend of $ 0.03. This represents an annualized dividend of $ 0.12 and a return of 2.03%. The ex-dividend date was Tuesday, November 9. WisdomTree Investments’ dividend payout ratio is currently 85.71%.
About WisdomTree Investments
WisdomTree Investments, Inc. operates as an asset management company that focuses on Exchange Traded Products (ETPs). It distributes ETPs within the asset management industry including brokerage firms, registered investment advisers, institutional investors, private wealth managers and discount brokers.
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