Zacks: Brokerages Expect WisdomTree Investments, Inc. (WETF) Will Announce Quarterly Sales of $60.23 Million

Wall Street analysts expect WisdomTree Investments, Inc. (NASDAQ:WETF) to post sales of $60.23 million for the current quarter, according to Zacks Investment Research. Four analysts have issued estimates for WisdomTree Investments’ earnings, with estimates ranging from $59.74 million to $60.70 million. WisdomTree Investments reported sales of $50.80 million in the same quarter last year, which suggests a positive year over year growth rate of 18.6%. The business is expected to issue its next quarterly earnings results on Friday, February 2nd.

According to Zacks, analysts expect that WisdomTree Investments will report full year sales of $60.23 million for the current financial year, with estimates ranging from $229.17 million to $236.70 million. For the next year, analysts forecast that the business will post sales of $272.89 million per share, with estimates ranging from $250.30 million to $324.84 million. Zacks’ sales calculations are a mean average based on a survey of research firms that that provide coverage for WisdomTree Investments.

WisdomTree Investments (NASDAQ:WETF) last posted its quarterly earnings results on Friday, October 27th. The asset manager reported $0.06 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.06. WisdomTree Investments had a return on equity of 15.47% and a net margin of 12.98%. The company had revenue of $57.99 million during the quarter, compared to the consensus estimate of $57.89 million. During the same period last year, the business earned $0.06 EPS. The business’s quarterly revenue was up 12.0% on a year-over-year basis.

A number of brokerages recently weighed in on WETF. BidaskClub downgraded WisdomTree Investments from a “strong-buy” rating to a “buy” rating in a research note on Thursday, December 14th. UBS raised their price objective on WisdomTree Investments from $8.00 to $8.50 and gave the company a “sell” rating in a research note on Tuesday, November 14th. Keefe, Bruyette & Woods raised WisdomTree Investments from an “underperform” rating to a “mkt perform” rating in a research note on Tuesday, November 14th. Zacks Investment Research downgraded WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Tuesday, October 31st. Finally, Citigroup reissued a “buy” rating and issued a $15.00 price objective on shares of WisdomTree Investments in a research note on Monday, October 30th. Three analysts have rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $11.44.

In other WisdomTree Investments news, Director Frank Salerno sold 50,000 shares of the firm’s stock in a transaction that occurred on Friday, December 15th. The stock was sold at an average price of $11.71, for a total value of $585,500.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 16.60% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Advisor Group Inc. grew its holdings in shares of WisdomTree Investments by 12.4% during the 2nd quarter. Advisor Group Inc. now owns 15,383 shares of the asset manager’s stock worth $157,000 after purchasing an additional 1,700 shares in the last quarter. Piedmont Investment Advisors LLC acquired a new stake in shares of WisdomTree Investments during the 2nd quarter worth approximately $252,000. TIAA CREF Investment Management LLC grew its holdings in shares of WisdomTree Investments by 0.3% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 310,856 shares of the asset manager’s stock worth $3,161,000 after purchasing an additional 1,011 shares in the last quarter. New York State Common Retirement Fund grew its holdings in shares of WisdomTree Investments by 13.7% during the 2nd quarter. New York State Common Retirement Fund now owns 228,614 shares of the asset manager’s stock worth $2,325,000 after purchasing an additional 27,608 shares in the last quarter. Finally, Aberdeen Asset Management PLC UK grew its holdings in shares of WisdomTree Investments by 8.1% during the 2nd quarter. Aberdeen Asset Management PLC UK now owns 2,962,738 shares of the asset manager’s stock worth $30,131,000 after purchasing an additional 222,963 shares in the last quarter. 89.41% of the stock is currently owned by hedge funds and other institutional investors.

Shares of WisdomTree Investments (NASDAQ:WETF) opened at $12.01 on Thursday. WisdomTree Investments has a one year low of $7.87 and a one year high of $12.38. The firm has a market capitalization of $1,640.00, a PE ratio of 52.09, a PEG ratio of 2.83 and a beta of 3.16.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 22nd. Shareholders of record on Wednesday, November 8th were issued a $0.08 dividend. This represents a $0.32 dividend on an annualized basis and a yield of 2.66%. The ex-dividend date of this dividend was Tuesday, November 7th. WisdomTree Investments’s dividend payout ratio (DPR) is currently 145.45%.

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WisdomTree Investments Company Profile

WisdomTree Investments, Inc is an asset management company that focuses on exchange-traded funds (ETFs). The Company’s family of ETFs includes funds that track its own indexes, funds that track third party indexes and actively managed funds. It operates as an exchange traded products sponsor and asset manager providing investment advisory services in the United States, Europe, Canada and Japan.

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Earnings History and Estimates for WisdomTree Investments (NASDAQ:WETF)

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