Waterdrop (NYSE:WDH) Posts Earnings Results, Misses Estimates By $0.21 EPS

Key Points

• Waterdrop reported quarterly earnings of $0.05 EPS, which missed analysts' expectations by $0.21.
• The company announced a quarterly dividend of $0.03 per share, resulting in an annualized yield of 6.8%.
• Waterdrop's stock price is currently at $1.78, with recent analyst ratings moving from "buy" to "hold".

Waterdrop (NYSE:WDH - Get Free Report) issued its quarterly earnings data on Thursday. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.26 by ($0.21), Zacks reports. The company had revenue of $116.99 million for the quarter, compared to analysts' expectations of $811.39 million. Waterdrop had a return on equity of 9.07% and a net margin of 14.77%.

Waterdrop Trading Down 2.9%

Shares of Waterdrop stock traded down $0.06 during trading on Tuesday, reaching $1.85. The company's stock had a trading volume of 400,857 shares, compared to its average volume of 273,174. The company has a 50-day moving average price of $1.69 and a two-hundred day moving average price of $1.47. The firm has a market cap of $668.78 million, a PE ratio of 10.85 and a beta of -0.27. Waterdrop has a fifty-two week low of $0.97 and a fifty-two week high of $2.18.

Waterdrop Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Stockholders of record on Friday, October 10th will be issued a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.5%. The ex-dividend date of this dividend is Friday, October 10th. Waterdrop's payout ratio is presently 17.65%.

Hedge Funds Weigh In On Waterdrop

A number of institutional investors have recently modified their holdings of the business. Marshall Wace LLP acquired a new position in Waterdrop in the 2nd quarter valued at $25,000. Invesco Ltd. acquired a new position in Waterdrop in the 2nd quarter valued at $156,000. Finally, E Fund Management Co. Ltd. acquired a new position in Waterdrop in the 2nd quarter valued at $372,000. 1.96% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Wall Street Zen downgraded shares of Waterdrop from a "buy" rating to a "hold" rating in a research report on Saturday, July 26th.

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.