WisdomTree (NYSE:WT) Posts Earnings Results, Beats Expectations By $0.01 EPS

WisdomTree (NYSE:WT - Get Free Report) released its earnings results on Friday. The company reported $0.12 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $96.84 million during the quarter, compared to analysts' expectations of $94.32 million. During the same quarter last year, the business posted $0.07 earnings per share. The firm's revenue was up 18.0% on a year-over-year basis.

WisdomTree Stock Down 1.4 %

Shares of WT traded down $0.12 during trading hours on Friday, hitting $8.65. The company had a trading volume of 1,926,566 shares, compared to its average volume of 1,232,361. The company has a market capitalization of $1.31 billion, a PE ratio of 13.31 and a beta of 1.49. The company has a current ratio of 2.23, a quick ratio of 1.66 and a debt-to-equity ratio of 0.67. WisdomTree has a one year low of $6.05 and a one year high of $9.69. The company's fifty day moving average price is $8.64 and its two-hundred day moving average price is $7.42.

WisdomTree Announces Dividend

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

Insider Transactions at WisdomTree

In related news, CEO Jonathan L. Steinberg purchased 303,781 shares of WisdomTree stock in a transaction dated Tuesday, February 13th. The stock was purchased at an average cost of $7.20 per share, with a total value of $2,187,223.20. Following the transaction, the chief executive officer now owns 9,172,838 shares in the company, valued at approximately $66,044,433.60. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 7.80% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Oppenheimer cut their price target on WisdomTree from $12.00 to $11.00 and set an "outperform" rating for the company in a report on Monday, April 22nd. Northland Securities upgraded WisdomTree from a "market perform" rating to an "outperform" rating and set a $12.00 target price for the company in a report on Wednesday, April 3rd. Craig Hallum started coverage on WisdomTree in a report on Wednesday, March 6th. They issued a "buy" rating and a $12.00 target price for the company. UBS Group lifted 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. Finally, Morgan Stanley lifted 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. One analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, WisdomTree presently has a consensus rating of "Moderate Buy" and an average target price 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.