WisdomTree, Inc. (NYSE:WT – Get Rating) – Equities research analysts at Jefferies Financial Group dropped their Q1 2023 EPS estimates for WisdomTree in a research report issued on Monday, February 6th. Jefferies Financial Group analyst D. Fannon now expects that the company will post earnings per share of $0.04 for the quarter, down from their previous forecast of $0.06. The consensus estimate for WisdomTree's current full-year earnings is $0.25 per share. Jefferies Financial Group also issued estimates for WisdomTree's Q2 2023 earnings at $0.06 EPS, FY2023 earnings at $0.25 EPS and FY2024 earnings at $0.33 EPS.
Get WisdomTree alerts:Separately, Morgan Stanley lifted their target price on shares of WisdomTree from $5.50 to $5.75 and gave the stock an "equal weight" rating in a research report on Thursday, January 19th.
WisdomTree Stock Up 1.2 %
Shares of NYSE WT opened at $5.84 on Tuesday. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.12 and a quick ratio of 0.64. WisdomTree has a 52 week low of $4.60 and a 52 week high of $6.41. The company has a 50-day moving average of $5.56. The firm has a market capitalization of $855.68 million, a PE ratio of 21.63 and a beta of 1.45.WisdomTree (NYSE:WT – Get Rating) last announced its quarterly earnings data on Friday, February 3rd. The company reported $0.04 EPS for the quarter, meeting the consensus estimate of $0.04. WisdomTree had a net margin of 16.82% and a return on equity of 14.51%. The firm had revenue of $73.30 million during the quarter, compared to analysts' expectations of $72.66 million. During the same quarter last year, the business earned $0.10 earnings per share. The business's revenue for the quarter was down 7.4% compared to the same quarter last year.
WisdomTree Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 1st. Shareholders of record on Wednesday, February 15th will be given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date is Tuesday, February 14th. WisdomTree's payout ratio is currently 44.44%.
About WisdomTree
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WisdomTree, Inc operates as an asset management company that focuses on Exchange Traded Products (ETPs). It distributes ETPs within the asset management industry, including brokerage firms, registered investment advisors, institutional investors, private wealth managers and discount brokers. The company was founded by Jonathan Laurence Steinberg on October 1, 1988 and is headquartered in New York, NY.
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