WisdomTree (NYSE:WT) Releases Quarterly Earnings Results, Beats Estimates By $0.01 EPS

WisdomTree (NYSE:WT) released its quarterly earnings data on Friday. The company reported $0.12 earnings per share for the quarter, beating the consensus estimate of $0.11 by $0.01, Briefing.com reports. WisdomTree had a return on equity of 15.15% and a net margin of 29.38%. The business had revenue of $96.84 million for the quarter, compared to analysts’ expectations of $94.32 million. During the same quarter in the previous year, the business posted $0.07 EPS. WisdomTree’s revenue for the quarter was up 18.0% on a year-over-year basis.

WisdomTree Stock Performance

Shares of WT stock traded down $0.12 during trading on Friday, reaching $8.65. 1,926,566 shares of the company’s stock were exchanged, compared to its average volume of 1,232,361. The company has a quick ratio of 1.66, a current ratio of 2.23 and a debt-to-equity ratio of 0.67. The stock has a market capitalization of $1.31 billion, a PE ratio of 13.31 and a beta of 1.49. WisdomTree has a twelve month low of $6.05 and a twelve month high of $9.69. The firm’s fifty day moving average price is $8.64 and its 200-day moving average price is $7.41.

WisdomTree Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 28th. Investors of record on Wednesday, February 14th were issued a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date was Tuesday, February 13th. WisdomTree’s payout ratio is presently 18.46%.

Insider Buying and Selling

In other WisdomTree news, CEO Jonathan L. Steinberg bought 303,781 shares of the firm’s stock in a transaction that occurred on Tuesday, February 13th. The shares were acquired at an average cost 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 $66,044,433.60. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 7.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Oppenheimer cut their target price on WisdomTree from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Northland Securities upgraded WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 price objective on the stock in a research note on Wednesday, April 3rd. UBS Group upped their price objective on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a research note on Friday, April 12th. Morgan Stanley upped their price objective on WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a research note on Wednesday, April 17th. Finally, Craig Hallum assumed coverage on WisdomTree in a research note on Wednesday, March 6th. They set a “buy” rating and a $12.00 price objective on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently 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.