Waterdrop (NYSE:WDH) Posts Earnings Results, Misses Expectations 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 EPS for the quarter, missing the consensus estimate of $0.26 by ($0.21), Zacks reports. Waterdrop had a net margin of 14.77% and a return on equity of 9.07%. The business had revenue of $116.99 million for the quarter, compared to analysts' expectations of $811.39 million.

Waterdrop Price Performance

NYSE:WDH traded up $0.09 during midday trading on Monday, hitting $1.90. The company's stock had a trading volume of 1,210,149 shares, compared to its average volume of 272,493. Waterdrop has a fifty-two week low of $0.97 and a fifty-two week high of $2.18. The firm's 50 day moving average is $1.68 and its 200-day moving average is $1.46. The firm has a market cap of $688.71 million, a P/E ratio of 11.18 and a beta of -0.27.

Waterdrop Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, November 7th. Investors of record on Friday, October 10th will be issued a dividend of $0.03 per share. The ex-dividend date of this dividend is Friday, October 10th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 6.3%. Waterdrop's payout ratio is 17.65%.

Wall Street Analyst Weigh In

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Marshall Wace LLP purchased a new stake in Waterdrop in the second quarter valued at $25,000. Invesco Ltd. acquired a new position in shares of Waterdrop in the 2nd quarter valued at about $156,000. Finally, E Fund Management Co. Ltd. purchased a new stake in shares of Waterdrop in the second quarter worth about $372,000. 1.96% of the stock is currently owned by institutional investors and hedge funds.

About Waterdrop

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.