WisdomTree, Inc. (NYSE:WT) Expected to Earn Q3 2024 Earnings of $0.16 Per Share

WisdomTree, Inc. (NYSE:WTFree Report) – Northland Capmk boosted their Q3 2024 earnings estimates for shares of WisdomTree in a research note issued to investors on Thursday, May 23rd. Northland Capmk analyst M. Grondahl now forecasts that the company will post earnings of $0.16 per share for the quarter, up from their prior forecast of $0.14. The consensus estimate for WisdomTree’s current full-year earnings is $0.56 per share. Northland Capmk also issued estimates for WisdomTree’s Q4 2024 earnings at $0.16 EPS, FY2024 earnings at $0.58 EPS, Q1 2025 earnings at $0.16 EPS, Q2 2025 earnings at $0.16 EPS, Q3 2025 earnings at $0.17 EPS, Q4 2025 earnings at $0.17 EPS and FY2025 earnings at $0.65 EPS.

A number of other research firms have also recently commented on WT. UBS Group increased their target price on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research report on Friday, April 12th. Craig Hallum assumed coverage on shares of WisdomTree in a research report on Wednesday, March 6th. They set a “buy” rating and a $12.00 target price for the company. Morgan Stanley increased their target price on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research report on Wednesday, April 17th. Northland Securities raised shares of WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price target for the company in a report on Wednesday, April 3rd. Finally, Oppenheimer reaffirmed an “outperform” rating and issued a $11.00 price target on shares of WisdomTree in a report on Monday, April 29th. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, WisdomTree has a consensus rating of “Moderate Buy” and an average price target of $10.88.

Read Our Latest Research Report on WT

WisdomTree Price Performance

Shares of WT opened at $9.89 on Friday. The company has a 50 day moving average price of $9.15 and a 200-day moving average price of $7.80. WisdomTree has a fifty-two week low of $6.06 and a fifty-two week high of $9.92. The stock has a market capitalization of $1.50 billion, a PE ratio of 14.54 and a beta of 1.48. The company has a debt-to-equity ratio of 0.65, a quick ratio of 2.18 and a current ratio of 2.95.

WisdomTree (NYSE:WTGet Free Report) last issued its earnings results on Friday, April 26th. The company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. The business had revenue of $96.84 million for the quarter, compared to the consensus estimate of $94.32 million. WisdomTree had a net margin of 29.80% and a return on equity of 16.31%. The company’s revenue for the quarter was up 18.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.07 EPS.

Institutional Trading of WisdomTree

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Quantbot Technologies LP acquired a new stake in WisdomTree during the third quarter valued at $26,000. Avior Wealth Management LLC acquired a new stake in WisdomTree during the fourth quarter valued at $40,000. Allspring Global Investments Holdings LLC acquired a new stake in WisdomTree during the fourth quarter valued at $46,000. Simplex Trading LLC purchased a new position in WisdomTree during the fourth quarter valued at $55,000. Finally, KBC Group NV purchased a new position in WisdomTree during the third quarter valued at $62,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

WisdomTree Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 22nd. Investors of record on Wednesday, May 8th were given a dividend of $0.03 per share. The ex-dividend date was Tuesday, May 7th. This represents a $0.12 annualized dividend and a yield of 1.21%. WisdomTree’s dividend payout ratio is presently 17.65%.

About WisdomTree

(Get Free Report)

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.

See Also

Earnings History and Estimates for WisdomTree (NYSE:WT)

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