WisdomTree (WT) Projected to Post Quarterly Earnings on Friday

WisdomTree (NYSE:WT) is anticipated to release its earnings data before the market opens on Friday, April 25th. Analysts expect WisdomTree to post earnings of $0.16 per share and revenue of $108.47 million for the quarter. Persons that are interested in participating in the company’s earnings conference call can do so using this link.

WisdomTree (NYSE:WT) last posted its quarterly earnings results on Friday, January 31st. The company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.02). WisdomTree had a return on equity of 24.67% and a net margin of 15.59%. 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 WisdomTree stock opened at $8.21 on Friday. The stock has a market capitalization of $1.21 billion, a price-to-earnings ratio of 26.47 and a beta of 1.26. The company has a fifty day moving average of $8.79 and a 200-day moving average of $9.91. WisdomTree has a 52-week low of $7.47 and a 52-week high of $12.45. The company has a debt-to-equity ratio of 1.28, a quick ratio of 2.13 and a current ratio of 2.92.

WisdomTree Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, February 26th. Investors of record on Wednesday, February 12th were issued a dividend of $0.03 per share. This represents a $0.12 annualized dividend and a yield of 1.46%. The ex-dividend date was Wednesday, February 12th. WisdomTree’s dividend payout ratio is presently 38.71%.

Insider Activity at WisdomTree

In other news, insider Alexis Marinof sold 90,980 shares of the company’s stock in a transaction on Tuesday, February 4th. The stock was sold at an average price of $9.87, for a total value of $897,972.60. Following the completion of the sale, the insider now directly owns 221,146 shares in the company, valued at $2,182,711.02. This represents a 29.15 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. 7.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the stock. Northcoast Research cut shares of WisdomTree from a “buy” rating to a “neutral” rating in a research report on Thursday, January 2nd. Keefe, Bruyette & Woods dropped their target price on shares of WisdomTree from $12.00 to $10.50 and set a “market perform” rating for the company in a report on Tuesday, January 14th. Finally, The Goldman Sachs Group reduced their price target on WisdomTree from $9.75 to $8.50 and set a “sell” rating on the stock in a report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, WisdomTree has a consensus rating of “Hold” and an average target price of $12.42.

WisdomTree Company Profile

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.