$0.40 EPS Expected for Waddell & Reed Financial, Inc. (WDR) This Quarter

Equities research analysts expect that Waddell & Reed Financial, Inc. (NYSE:WDR) will announce earnings per share of $0.40 for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Waddell & Reed Financial’s earnings, with the highest EPS estimate coming in at $0.44 and the lowest estimate coming in at $0.33. Waddell & Reed Financial reported earnings per share of $0.48 in the same quarter last year, which suggests a negative year over year growth rate of 16.7%. The business is scheduled to report its next quarterly earnings results on Tuesday, January 30th.

According to Zacks, analysts expect that Waddell & Reed Financial will report full-year earnings of $1.52 per share for the current fiscal year, with EPS estimates ranging from $1.40 to $1.59. For the next financial year, analysts anticipate that the business will post earnings of $1.64 per share, with EPS estimates ranging from $1.58 to $1.73. Zacks Investment Research’s earnings per share calculations are a mean average based on a survey of research firms that cover Waddell & Reed Financial.

Waddell & Reed Financial (NYSE:WDR) last issued its quarterly earnings results on Tuesday, October 24th. The asset manager reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.04. The business had revenue of $289.45 million for the quarter, compared to analyst estimates of $285.30 million. Waddell & Reed Financial had a return on equity of 16.81% and a net margin of 10.10%. The firm’s revenue for the quarter was down 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.65 earnings per share.

A number of equities research analysts recently commented on the company. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $21.00 price objective on shares of Waddell & Reed Financial in a report on Thursday, October 26th. Credit Suisse Group upped their price objective on Waddell & Reed Financial from $18.00 to $19.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. Bank of America upped their price objective on Waddell & Reed Financial from $17.00 to $18.00 and gave the company an “underperform” rating in a report on Wednesday, October 25th. Royal Bank Of Canada set a $18.00 price objective on Waddell & Reed Financial and gave the company a “sell” rating in a report on Wednesday, October 18th. Finally, Zacks Investment Research downgraded Waddell & Reed Financial from a “buy” rating to a “hold” rating and set a $23.00 price objective for the company. in a report on Thursday, October 12th. Six equities research analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. Waddell & Reed Financial presently has a consensus rating of “Hold” and an average target price of $19.00.

Waddell & Reed Financial (WDR) traded up $0.39 during midday trading on Friday, reaching $21.24. The company had a trading volume of 1,487,100 shares, compared to its average volume of 1,250,874. The company has a market capitalization of $1,790.00, a P/E ratio of 12.19 and a beta of 2.10. The company has a quick ratio of 1.14, a current ratio of 3.02 and a debt-to-equity ratio of 0.11. Waddell & Reed Financial has a fifty-two week low of $16.11 and a fifty-two week high of $22.45.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Thursday, January 11th will be issued a $0.25 dividend. The ex-dividend date of this dividend is Wednesday, January 10th. This represents a $1.00 annualized dividend and a dividend yield of 4.71%. Waddell & Reed Financial’s dividend payout ratio (DPR) is currently 131.43%.

In other Waddell & Reed Financial news, CMO Thomas W. Butch sold 5,000 shares of the stock in a transaction dated Thursday, November 9th. The stock was sold at an average price of $19.26, for a total value of $96,300.00. Following the completion of the sale, the chief marketing officer now directly owns 248 shares in the company, valued at $4,776.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Alan W. Kosloff sold 19,178 shares of the stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $19.82, for a total value of $380,107.96. Following the completion of the sale, the director now owns 52,695 shares of the company’s stock, valued at $1,044,414.90. The disclosure for this sale can be found here. 3.80% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in the business. Global X MANAGEMENT CO LLC grew its holdings in shares of Waddell & Reed Financial by 5.3% during the third quarter. Global X MANAGEMENT CO LLC now owns 501,623 shares of the asset manager’s stock worth $10,068,000 after buying an additional 25,467 shares in the last quarter. Jensen Investment Management Inc. grew its holdings in shares of Waddell & Reed Financial by 24.2% during the second quarter. Jensen Investment Management Inc. now owns 30,540 shares of the asset manager’s stock worth $577,000 after buying an additional 5,950 shares in the last quarter. Cipher Capital LP grew its holdings in shares of Waddell & Reed Financial by 166.9% during the second quarter. Cipher Capital LP now owns 35,035 shares of the asset manager’s stock worth $661,000 after buying an additional 21,908 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Waddell & Reed Financial by 81.3% during the second quarter. Ameriprise Financial Inc. now owns 506,409 shares of the asset manager’s stock worth $9,561,000 after buying an additional 227,014 shares in the last quarter. Finally, Great West Life Assurance Co. Can grew its holdings in shares of Waddell & Reed Financial by 145.2% during the second quarter. Great West Life Assurance Co. Can now owns 119,647 shares of the asset manager’s stock worth $2,257,000 after buying an additional 70,851 shares in the last quarter. Institutional investors own 97.45% of the company’s stock.

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Waddell & Reed Financial Company Profile

Waddell & Reed Financial, Inc, incorporated on December 24, 1981, is a holding company. The Company is a mutual fund and asset management company. The Company provides investment management, investment advisory, investment product underwriting, and distribution and shareholder services administration to Waddell & Reed Advisors group of mutual funds (the Advisors Funds), Ivy Funds, Ivy Funds Variable Insurance Portfolios (Ivy Funds VIP), InvestEd Portfolios and 529 college savings plan (collectively, the Funds), and the Ivy Global Investors Fund SICAV (the SICAV) and its Ivy Global Investors sub-funds (the IGI Funds), and institutional and separately managed accounts.

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Earnings History and Estimates for Waddell & Reed Financial (NYSE:WDR)

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