WBI (NYSE:WBI) Releases Quarterly Earnings Results

WBI (NYSE:WBI) issued its earnings results on Wednesday. The company reported $999.00 earnings per share (EPS) for the quarter, Zacks reports.

WBI Stock Performance

WBI traded down $1.27 on Wednesday, hitting $29.33. 701,726 shares of the company were exchanged, compared to its average volume of 809,758. The business has a fifty day moving average price of $26.36. WBI has a fifty-two week low of $18.64 and a fifty-two week high of $30.81. The company has a quick ratio of 1.38, a current ratio of 1.38 and a debt-to-equity ratio of 0.77. The firm has a market capitalization of $3.62 billion and a price-to-earnings ratio of 172.51.

WBI Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Investors of record on Thursday, March 5th were paid a $0.05 dividend. The ex-dividend date was Thursday, March 5th. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. WBI’s dividend payout ratio (DPR) is 117.65%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Morgan Stanley upgraded WBI from an “equal weight” rating to an “overweight” rating and set a $34.00 target price on the stock in a research report on Wednesday, April 22nd. Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a research report on Saturday, March 21st. Wells Fargo & Company raised their price objective on shares of WBI from $25.00 to $26.00 and gave the stock an “equal weight” rating in a research report on Friday, March 13th. UBS Group set a $33.00 price target on WBI in a research report on Monday, March 16th. Finally, Weiss Ratings began coverage on WBI in a report on Wednesday, January 14th. They issued a “sell (e-)” rating on the stock. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $31.25.

About WBI

WaterBridge Infrastructure LLC is an integrated, pure-play water infrastructure company. WaterBridge Infrastructure LLC is based in HOUSTON.