WisdomTree (WT) Scheduled to Post Quarterly Earnings on Friday

WisdomTree (NYSE:WT) is set to issue its quarterly earnings data before the market opens on Friday, April 26th. Analysts expect the company to announce earnings of $0.11 per share for the quarter. Investors that are interested in registering for the company’s conference call can do so using this link.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, February 2nd. The company reported $0.11 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.01. WisdomTree had a net margin of 29.38% and a return on equity of 15.15%. The firm had revenue of $90.84 million during the quarter, compared to the consensus estimate of $90.32 million. The company’s revenue was up 23.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.04 earnings per share. On average, analysts expect WisdomTree to post $1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

WisdomTree Price Performance

Shares of WT opened at $8.97 on Wednesday. The stock has a market capitalization of $1.36 billion, a PE ratio of 13.80 and a beta of 1.49. The company has a 50 day moving average price of $8.55 and a 200-day moving average price of $7.38. The company has a debt-to-equity ratio of 0.67, a quick ratio of 1.66 and a current ratio of 2.23. WisdomTree has a fifty-two week low of $6.05 and a fifty-two week high of $9.69.

WisdomTree Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Shareholders of record on Wednesday, February 14th were paid a $0.03 dividend. The ex-dividend date of this dividend was Tuesday, February 13th. This represents a $0.12 annualized dividend and a yield of 1.34%. WisdomTree’s dividend payout ratio (DPR) is presently 18.46%.

Insider Activity

In other WisdomTree news, CEO Jonathan L. Steinberg purchased 303,781 shares of WisdomTree stock in a transaction that occurred on Tuesday, February 13th. The stock was bought at an average price of $7.20 per share, with a total value of $2,187,223.20. Following the acquisition, the chief executive officer now owns 9,172,838 shares of the company’s stock, valued at approximately $66,044,433.60. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 7.80% of the company’s stock.

Analyst Ratings Changes

WT has been the subject of a number of research analyst reports. Northcoast Research upgraded shares of WisdomTree from a “neutral” rating to a “buy” rating and set a $9.00 price objective for the company in a research note on Thursday, December 28th. Morgan Stanley increased their price objective on WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a report on Wednesday, April 17th. Craig Hallum assumed coverage on WisdomTree in a report on Wednesday, March 6th. They set a “buy” rating and a $12.00 target price for the company. UBS Group raised their price target on shares of WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a research report on Friday, April 12th. Finally, Oppenheimer decreased their price objective on shares of WisdomTree from $12.00 to $11.00 and set an “outperform” rating for the company in a research note on Monday. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $10.88.

About WisdomTree

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.