Equities analysts expect that Wisdom Tree Investments Inc (NASDAQ:WETF) will announce earnings per share of $0.06 for the current quarter, Zacks reports. Four analysts have issued estimates for Wisdom Tree Investments’ earnings. The highest EPS estimate is $0.06 and the lowest is $0.05. Wisdom Tree Investments reported earnings of $0.09 per share in the same quarter last year, which would indicate a negative year over year growth rate of 33.3%. The firm is expected to announce its next earnings report before the market opens on Friday, July 26th.
On average, analysts expect that Wisdom Tree Investments will report full year earnings of $0.24 per share for the current year, with EPS estimates ranging from $0.22 to $0.26. For the next year, analysts forecast that the business will report earnings of $0.28 per share, with EPS estimates ranging from $0.24 to $0.31. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research analysts that that provide coverage for Wisdom Tree Investments.
Wisdom Tree Investments (NASDAQ:WETF) last released its quarterly earnings results on Friday, April 26th. The asset manager reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.01). The business had revenue of $65.50 million during the quarter, compared to analyst estimates of $66.82 million. Wisdom Tree Investments had a return on equity of 12.97% and a net margin of 12.84%. The business’s revenue for the quarter was up 11.2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.08 EPS.
A number of equities analysts recently weighed in on WETF shares. ValuEngine cut Zosano Pharma from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Zacks Investment Research raised ZovioInc . from a “sell” rating to a “hold” rating in a report on Sunday. BidaskClub cut Zions Bancorporation NA from a “sell” rating to a “strong sell” rating in a report on Wednesday, May 15th. Finally, Northland Securities set a $9.00 price target on KushCo and gave the stock a “buy” rating in a report on Friday, April 12th. Five investment analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $7.80.
In other news, CEO Jonathan L. Steinberg acquired 79,365 shares of the business’s stock in a transaction on Thursday, May 23rd. The stock was bought at an average cost of $6.25 per share, for a total transaction of $496,031.25. The purchase was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 14.90% of the company’s stock.
Large investors have recently bought and sold shares of the business. Magnus Financial Group LLC purchased a new stake in Wisdom Tree Investments during the 1st quarter worth approximately $82,000. GSA Capital Partners LLP purchased a new stake in Wisdom Tree Investments during the 4th quarter worth approximately $84,000. Hsbc Holdings PLC increased its stake in Wisdom Tree Investments by 41.2% during the 4th quarter. Hsbc Holdings PLC now owns 15,837 shares of the asset manager’s stock worth $106,000 after buying an additional 4,621 shares in the last quarter. Whittier Trust Co. of Nevada Inc. increased its stake in Wisdom Tree Investments by 36.8% during the 1st quarter. Whittier Trust Co. of Nevada Inc. now owns 17,314 shares of the asset manager’s stock worth $122,000 after buying an additional 4,659 shares in the last quarter. Finally, Amalgamated Bank purchased a new stake in Wisdom Tree Investments during the 4th quarter worth approximately $126,000. Institutional investors own 73.87% of the company’s stock.
NASDAQ WETF traded down $0.03 during trading hours on Wednesday, reaching $6.21. The company’s stock had a trading volume of 631,500 shares, compared to its average volume of 1,294,126. The stock has a market capitalization of $972.18 million, a price-to-earnings ratio of 19.41, a price-to-earnings-growth ratio of 2.58 and a beta of 1.61. Wisdom Tree Investments has a 1-year low of $5.73 and a 1-year high of $9.56. The company has a debt-to-equity ratio of 0.59, a current ratio of 1.90 and a quick ratio of 1.80. The firm has a 50-day moving average price of $6.19.
About Wisdom Tree Investments
WisdomTree Investments, 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.
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