WisdomTree Investments, Inc. (NASDAQ:WETF) Expected to Announce Earnings of $0.09 Per Share – MarketBeat
Wall Street analysts forecast that WisdomTree Investments, Inc. (NASDAQ:WETF) will announce earnings of $0.09 per share for the current quarter, Zacks Investment Research reports. Two analysts have made estimates for WisdomTree Investments’ earnings, with the lowest EPS estimate coming in at $0.08 and the highest estimate coming in at $0.09. WisdomTree Investments reported earnings of $0.06 per share in the same quarter last year, which would suggest a positive year over year growth rate of 50%. The business is expected to issue its next earnings results on Friday, February 4th.
According to Zacks, analysts expect that WisdomTree Investments will report full-year earnings of $0.36 per share for the current year, with EPS estimates ranging from $0.34 to $0.37. For the next financial year, analysts anticipate that the firm will post earnings of $0.37 per share, with EPS estimates ranging from $0.34 to $0.40. Zacks Investment Research’s EPS calculations are an average based on a survey of analysts that follow WisdomTree Investments.
WisdomTree Investments (NASDAQ:WETF) last released its earnings results on Thursday, October 28th. The asset manager reported $0.10 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. The business had revenue of $78.10 million during the quarter, compared to the consensus estimate of $77.65 million. WisdomTree Investments had a net margin of 8.50% and a return on equity of 20.71%. The company’s revenue for the quarter was up 20.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.07 EPS.
WETF has been the topic of several research reports. Deutsche Bank Aktiengesellschaft upped their price objective on shares of WisdomTree Investments from $6.00 to $7.00 and gave the company a “hold” rating in a report on Monday, November 1st. Zacks Investment Research upgraded shares of WisdomTree Investments from a “hold” rating to a “buy” rating and set a $7.00 price objective on the stock in a report on Wednesday. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average price target of $7.03.
Shares of WETF stock traded down $0.21 during trading hours on Friday, hitting $5.92. 4,443,429 shares of the company were exchanged, compared to its average volume of 992,619. The company has a 50 day simple moving average of $6.29 and a two-hundred day simple moving average of $6.24. The firm has a market cap of $859.19 million, a P/E ratio of 42.29 and a beta of 1.73. The company has a debt-to-equity ratio of 1.22, a quick ratio of 2.19 and a current ratio of 3.77. WisdomTree Investments has a fifty-two week low of $4.98 and a fifty-two week high of $7.38.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 24th. …….
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