WisdomTree Investments (WETF) Scheduled to Post Quarterly Earnings on Friday

WisdomTree Investments (NASDAQ:WETFGet Rating) is set to release its earnings data before the market opens on Friday, July 29th. Analysts expect WisdomTree Investments to post earnings of $0.09 per share for the quarter. Individual that wish to register for the company’s earnings conference call can do so using this link.

WisdomTree Investments (NASDAQ:WETFGet Rating) last released its quarterly earnings data on Friday, April 29th. The asset manager reported $0.09 EPS for the quarter, topping the consensus estimate of $0.08 by $0.01. WisdomTree Investments had a return on equity of 24.16% and a net margin of 7.79%. The business had revenue of $78.40 million for the quarter, compared to analyst estimates of $78.74 million. During the same quarter in the prior year, the firm posted $0.08 EPS. The business’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts expect WisdomTree Investments to post $0 EPS for the current fiscal year and $0 EPS for the next fiscal year.

WisdomTree Investments Trading Up 1.5 %

WisdomTree Investments stock opened at $5.27 on Friday. The company has a current ratio of 4.28, a quick ratio of 2.28 and a debt-to-equity ratio of 1.26. WisdomTree Investments has a 12 month low of $4.80 and a 12 month high of $6.92. The stock’s 50 day simple moving average is $5.46 and its two-hundred day simple moving average is $8.01. The firm has a market cap of $772.16 million, a PE ratio of 37.64 and a beta of 1.59.

WisdomTree Investments Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 25th. Shareholders of record on Wednesday, May 11th were issued a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, May 10th. This represents a $0.12 dividend on an annualized basis and a yield of 2.28%. WisdomTree Investments’s payout ratio is currently 85.71%.

Institutional Trading of WisdomTree Investments

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Walleye Capital LLC purchased a new position in WisdomTree Investments during the first quarter worth about $64,000. Virtu Financial LLC purchased a new position in WisdomTree Investments in the first quarter valued at about $72,000. Captrust Financial Advisors boosted its holdings in WisdomTree Investments by 41.6% in the first quarter. Captrust Financial Advisors now owns 13,848 shares of the asset manager’s stock valued at $81,000 after purchasing an additional 4,065 shares during the last quarter. Engineers Gate Manager LP bought a new position in WisdomTree Investments during the 1st quarter worth approximately $266,000. Finally, Graham Capital Management L.P. lifted its holdings in WisdomTree Investments by 575.4% during the 1st quarter. Graham Capital Management L.P. now owns 69,098 shares of the asset manager’s stock worth $405,000 after buying an additional 58,868 shares during the last quarter. 82.02% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on WETF. Morgan Stanley cut their target price on WisdomTree Investments from $6.75 to $6.00 and set an “equal weight” rating for the company in a research note on Thursday, June 30th. The Goldman Sachs Group cut their price objective on WisdomTree Investments from $5.00 to $4.50 and set a “sell” rating for the company in a research report on Wednesday, June 29th. Deutsche Bank Aktiengesellschaft lowered their target price on WisdomTree Investments from $6.00 to $5.00 and set a “hold” rating for the company in a report on Wednesday, July 13th. StockNews.com cut WisdomTree Investments from a “hold” rating to a “sell” rating in a research note on Friday, May 20th. Finally, Keefe, Bruyette & Woods cut WisdomTree Investments from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $7.25 to $6.00 in a research note on Tuesday, June 28th. Two equities research analysts have rated the stock with a sell rating and three have given a hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $5.38.

WisdomTree Investments Company Profile

(Get Rating)

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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