WisdomTree (WT) Set to Announce Earnings on Friday

WisdomTree (NYSE:WT) is scheduled to issue its quarterly earnings data before the market opens on Friday, October 25th. Analysts expect the company to announce earnings of $0.16 per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

WisdomTree (NYSE:WT) last announced its quarterly earnings results on Friday, July 26th. The company reported $0.16 earnings per share for the quarter, beating analysts’ consensus estimates of $0.14 by $0.02. WisdomTree had a net margin of 19.72% and a return on equity of 19.22%. The business had revenue of $107.03 million during the quarter, compared to analysts’ expectations of $103.75 million. On average, analysts expect WisdomTree to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

WisdomTree Stock Performance

Shares of WT stock opened at $10.70 on Wednesday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 2.18 and a current ratio of 3.01. The firm has a market cap of $1.62 billion, a P/E ratio of 15.74 and a beta of 1.43. The firm’s 50 day moving average price is $9.92 and its 200-day moving average price is $9.83. WisdomTree has a one year low of $6.06 and a one year high of $12.02.

Analysts Set New Price Targets

Several research analysts have recently commented on the company. Keefe, Bruyette & Woods restated a “market perform” rating and set a $12.00 price target (up from $11.00) on shares of WisdomTree in a research report on Monday, July 29th. UBS Group increased their target price on WisdomTree from $12.00 to $14.00 and gave the stock a “buy” rating in a research note on Tuesday. Craig Hallum lifted their target price on WisdomTree from $12.00 to $15.00 and gave the company a “buy” rating in a research report on Monday, July 29th. Northland Securities increased their price target on shares of WisdomTree from $12.00 to $13.50 and gave the stock an “outperform” rating in a research report on Monday, July 29th. Finally, Northcoast Research lowered shares of WisdomTree from a “strong-buy” rating to a “hold” rating in a research note on Sunday, September 15th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $12.25.

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.