Waterdrop (NYSE:WDH) Issues Quarterly Earnings Results, Misses Estimates By $0.24 EPS

Waterdrop (NYSE:WDH - Get Free Report) posted its earnings results on Wednesday. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.28 by ($0.24), Zacks reports. Waterdrop had a return on equity of 7.02% and a net margin of 11.69%. The business had revenue of $97.08 million during the quarter, compared to the consensus estimate of $761.08 million.

Waterdrop Stock Performance

Shares of WDH stock traded down $0.05 on Thursday, reaching $1.46. The stock had a trading volume of 275,702 shares, compared to its average volume of 232,360. The stock has a market cap of $527.40 million, a P/E ratio of 12.13 and a beta of -0.29. Waterdrop has a 1 year low of $0.97 and a 1 year high of $1.59. The company has a 50 day simple moving average of $1.34 and a 200 day simple moving average of $1.27.

Waterdrop Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 30th. Investors of record on Friday, April 11th were given a $0.02 dividend. The ex-dividend date of this dividend was Friday, April 11th. This represents a $0.08 annualized dividend and a yield of 5.50%. Waterdrop's dividend payout ratio (DPR) is presently 21.43%.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen raised Waterdrop from a "hold" rating to a "buy" rating in a research report on Friday, May 30th.

Waterdrop Company Profile

Waterdrop Inc, through its subsidiaries, provides online insurance brokerage services to match and connect users with related insurance products underwritten by insurance companies in the People's Republic of China. The company offers short-term health and long-term health and life insurance products and services.