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

WisdomTree, Inc. (NYSE:WT) – Stock analysts at Northland Capmk lifted their Q3 2024 earnings per share estimates for shares of WisdomTree in a research report issued to clients and investors on Thursday, May 23rd. Northland Capmk analyst M. Grondahl now expects that the company will post earnings of $0.16 per share for the quarter, up from their previous estimate 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.

WisdomTree (NYSE:WT) last released its earnings results on Friday, April 26th. The company reported $0.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.11 by $0.01. WisdomTree had a return on equity of 16.31% and a net margin of 29.80%. The company had revenue of $96.84 million during the quarter, compared to the consensus estimate of $94.32 million. During the same quarter in the previous year, the company posted $0.07 earnings per share. The firm’s quarterly revenue was up 18.0% on a year-over-year basis.

Several other research analysts have also recently weighed in on WT. Craig Hallum assumed coverage on WisdomTree in a research report on Wednesday, March 6th. They set a “buy” rating and a $12.00 price objective for the company. Morgan Stanley upped their target price on WisdomTree from $7.75 to $9.25 and gave the stock an “equal weight” rating in a report on Wednesday, April 17th. Oppenheimer reiterated an “outperform” rating and set a $11.00 target price on shares of WisdomTree in a report on Monday, April 29th. Northland Securities upgraded WisdomTree from a “market perform” rating to an “outperform” rating and set a $12.00 target price on the stock in a report on Wednesday, April 3rd. Finally, UBS Group upped their target price on WisdomTree from $9.00 to $12.00 and gave the stock a “buy” rating in a report on Friday, April 12th. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, WisdomTree presently has a consensus rating of “Moderate Buy” and a consensus price target of $10.88.

WisdomTree Stock Up 0.9 %

NYSE:WT opened at $9.89 on Friday. The company has a current ratio of 2.95, a quick ratio of 2.18 and a debt-to-equity ratio of 0.65. The stock has a market cap of $1.50 billion, a price-to-earnings ratio of 14.54 and a beta of 1.48. The stock has a 50-day moving average price of $9.15 and a two-hundred day moving average price of $7.80. WisdomTree has a 1 year low of $6.06 and a 1 year high of $9.92.

WisdomTree Dividend Announcement

The business 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. This represents a $0.12 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Tuesday, May 7th. WisdomTree’s dividend payout ratio is currently 17.65%.

Institutional Investors Weigh In On WisdomTree

Large investors have recently modified their holdings of the business. Quantbot Technologies LP bought a new position in shares of WisdomTree in the 3rd quarter valued at $26,000. Avior Wealth Management LLC bought a new position in shares of WisdomTree in the 4th quarter valued at $40,000. Allspring Global Investments Holdings LLC bought a new position in shares of WisdomTree in the 4th quarter valued at $46,000. Simplex Trading LLC bought a new position in shares of WisdomTree in the 4th quarter valued at $55,000. Finally, KBC Group NV bought a new position in shares of WisdomTree in the 3rd quarter valued at $62,000. Institutional investors and hedge funds own 78.64% of the company’s stock.

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.