WisdomTree (NYSE:WT) Announces Quarterly Earnings Results

WisdomTree (NYSE:WT) issued its quarterly earnings data on Friday. The company reported $0.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.11 by $0.01, Briefing.com reports. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The company had revenue of $96.84 million for the quarter, compared to analyst estimates of $94.32 million. During the same quarter last year, the company posted $0.07 earnings per share. The business’s quarterly revenue was up 18.0% compared to the same quarter last year.

WisdomTree Price Performance

WisdomTree stock traded down $0.12 during mid-day trading on Friday, hitting $8.65. 1,926,566 shares of the company were exchanged, compared to its average volume of 1,232,361. The company has a debt-to-equity ratio of 0.67, a current ratio of 2.23 and a quick ratio of 1.66. WisdomTree has a 12-month low of $6.05 and a 12-month high of $9.69. The business’s 50 day simple moving average is $8.64 and its two-hundred day simple moving average is $7.41. The company has a market capitalization of $1.31 billion, a P/E ratio of 13.31 and a beta of 1.49.

WisdomTree Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, February 28th. Stockholders of record on Wednesday, February 14th were paid a dividend of $0.03 per share. The ex-dividend date was Tuesday, February 13th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.39%. WisdomTree’s dividend payout ratio (DPR) is 18.46%.

Analyst Ratings Changes

A number of brokerages have recently commented on WT. Morgan Stanley lifted their target price on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Craig Hallum began coverage on WisdomTree in a research report on Wednesday, March 6th. They issued a “buy” rating and a $12.00 price target on the stock. UBS Group upped their price objective on WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Oppenheimer lowered their target price on WisdomTree from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Finally, Northland Securities raised WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Wednesday, April 3rd. One equities research analyst has rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $10.88.

Insider Activity at WisdomTree

In other news, CEO Jonathan L. Steinberg purchased 303,781 shares of the firm’s stock in a transaction on Tuesday, February 13th. The shares were bought at an average cost of $7.20 per share, with a total value of $2,187,223.20. Following the purchase, the chief executive officer now directly owns 9,172,838 shares of the company’s stock, valued at $66,044,433.60. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 7.80% of the company’s stock.

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.