WisdomTree (NYSE:WT) Posts Earnings Results, Meets Estimates

WisdomTree (NYSE:WT - Get Free Report) released its quarterly earnings results on Friday. The company reported $0.16 EPS for the quarter, hitting the consensus estimate of $0.16, Zacks reports. The business had revenue of $108.08 million during the quarter, compared to analyst estimates of $108.47 million. WisdomTree had a net margin of 15.59% and a return on equity of 24.67%. The company's quarterly revenue was up 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.12 earnings per share.

WisdomTree Stock Up 1.6 %

NYSE WT traded up $0.15 during trading on Thursday, reaching $9.43. The company's stock had a trading volume of 820,798 shares, compared to its average volume of 1,538,869. The business has a 50-day moving average price of $8.60 and a 200-day moving average price of $9.79. WisdomTree has a 1-year low of $7.47 and a 1-year high of $12.45. The stock has a market capitalization of $1.39 billion, a PE ratio of 30.42 and a beta of 1.07. The company has a current ratio of 2.92, a quick ratio of 2.13 and a debt-to-equity ratio of 1.28.

WisdomTree Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Investors of record on Wednesday, May 14th will be issued a $0.03 dividend. The ex-dividend date of this dividend is Wednesday, May 14th. This represents a $0.12 dividend on an annualized basis and a yield of 1.27%. WisdomTree's dividend payout ratio is currently 34.29%.

Analysts Set New Price Targets

Several research analysts recently weighed in on WT shares. Keefe, Bruyette & Woods decreased their target price on WisdomTree from $12.00 to $10.50 and set a "market perform" rating for the company in a research note on Tuesday, January 14th. The Goldman Sachs Group dropped their price target on WisdomTree from $9.75 to $8.50 and set a "sell" rating on the stock in a research note on Monday, April 14th. One investment 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. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target 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.