WisdomTree (NYSE:WT) Announces Earnings Results

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

WisdomTree Stock Performance

WT stock traded down $0.12 during trading on Friday, hitting $8.65. 1,926,566 shares of the company’s stock traded hands, 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. WisdomTree has a 52 week low of $6.05 and a 52 week high of $9.69. The stock has a fifty day moving average price of $8.64 and a two-hundred day moving average price of $7.41. The stock has a market capitalization of $1.31 billion, a price-to-earnings ratio of 13.31 and a beta of 1.49.

WisdomTree Dividend Announcement

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

Analysts Set New Price Targets

A number of analysts have recently issued reports on the stock. Northland Securities upgraded shares of 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. Oppenheimer dropped their price objective on shares of WisdomTree from $12.00 to $11.00 and set an “outperform” rating on the stock in a research note on Monday, April 22nd. Morgan Stanley lifted their price objective on shares of WisdomTree from $7.75 to $9.25 and gave the company an “equal weight” rating in a research note on Wednesday, April 17th. UBS Group lifted their price objective on shares of WisdomTree from $9.00 to $12.00 and gave the company a “buy” rating in a research note on Friday, April 12th. Finally, Craig Hallum assumed coverage on shares of WisdomTree in a research note on Wednesday, March 6th. They issued a “buy” rating and a $12.00 price target for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $10.88.

Insider Buying and Selling at WisdomTree

In other news, CEO Jonathan L. Steinberg purchased 303,781 shares of WisdomTree stock in a transaction dated 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 completion of the acquisition, the chief executive officer now owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 7.80% of the stock is owned by insiders.

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.