Q2 2023 EPS Estimates for WisdomTree, Inc. (NYSE:WT) Boosted by Northland Capmk

Posted by on May 17th, 2023

WisdomTree, Inc. (NYSE:WT – Get Rating) – Investment analysts at Northland Capmk boosted their Q2 2023 earnings estimates for shares of WisdomTree in a research note issued to investors on Monday, May 15th. Northland Capmk analyst M. Grondahl now anticipates that the company will post earnings per share of $0.08 for the quarter, up from their previous forecast of $0.07. The consensus estimate for WisdomTree’s current full-year earnings is $0.32 per share. Northland Capmk also issued estimates for WisdomTree’s Q3 2023 earnings at $0.10 EPS, Q4 2023 earnings at $0.11 EPS and FY2023 earnings at $0.36 EPS.

WisdomTree (NYSE:WT – Get Rating) last posted its quarterly earnings results on Friday, April 28th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.05 by $0.02. The company had revenue of $82.04 million during the quarter, compared to analyst estimates of $79.28 million. WisdomTree had a net margin of 25.30% and a return on equity of 12.79%. WisdomTree’s revenue for the quarter was up 4.7% compared to the same quarter last year. During the same period last year, the firm posted $0.09 EPS.

A number of other equities research analysts have also recently issued reports on WT. Morgan Stanley lifted their price target on shares of WisdomTree from $6.00 to $6.50 and gave the company an “equal weight” rating in a research note on Friday, April 14th. Oppenheimer initiated coverage on shares of WisdomTree in a report on Monday. They issued an “outperform” rating on the stock. Finally, UBS Group upgraded shares of WisdomTree from a “neutral” rating to a “buy” rating in a report on Tuesday, April 11th.

WisdomTree Price Performance

NYSE:WT opened at $7.01 on Tuesday. The company’s 50 day moving average price is $6.14. WisdomTree has a 1-year low of $4.60 and a 1-year high of $7.26. The stock has a market cap of $1.05 billion, a price-to-earnings ratio of 15.58 and a beta of 1.41. The company has a debt-to-equity ratio of 0.86, a quick ratio of 1.24 and a current ratio of 2.24.

WisdomTree Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 24th. Shareholders of record on Wednesday, May 10th will be paid a dividend of $0.03 per share. The ex-dividend date of this dividend is Tuesday, May 9th. This represents a $0.12 dividend on an annualized basis and a yield of 1.71%. WisdomTree’s dividend payout ratio (DPR) is presently 26.67%.

WisdomTree Company Profile

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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 September 19, 1985 and is headquartered in New York, NY.

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Earnings History and Estimates for WisdomTree (NYSE:WT)

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