WBI (NYSE:WBI) Posts Quarterly Earnings Results

Key Points

• WBI reported quarterly EPS of $999.00, and its shares fell $1.27 to $29.33 on Wednesday.
• The firm paid a quarterly dividend of $0.05 (annualized $0.20) for a yield of 0.7%, while the dividend payout ratio is 117.65%.
• Analyst sentiment is mixed—Goldman Sachs and Morgan Stanley upgraded WBI (targets $32 and $34), Weiss Ratings initiated a sell, and the consensus is a "Hold" with an average target of $31.25.

WBI (NYSE:WBI - Get Free Report) released its quarterly earnings results on Wednesday. The company reported $999.00 EPS for the quarter, Zacks reports.

WBI Stock Performance

Shares of NYSE:WBI traded down $1.27 on Wednesday, hitting $29.33. 701,726 shares of the company's stock were exchanged, compared to its average volume of 809,758. WBI has a 1-year low of $18.64 and a 1-year high of $30.81. The stock has a market capitalization of $3.62 billion and a P/E ratio of 172.51. The company has a debt-to-equity ratio of 0.77, a current ratio of 1.38 and a quick ratio of 1.38. The stock's 50-day moving average is $26.36.

WBI Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 19th. Stockholders of record on Thursday, March 5th were given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a dividend yield of 0.7%. The ex-dividend date of this dividend was Thursday, March 5th. WBI's dividend payout ratio is currently 117.65%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on WBI shares. Weiss Ratings initiated coverage on shares of WBI in a research note on Wednesday, January 14th. They issued a "sell (e-)" rating on the stock. Wells Fargo & Company raised their target price on WBI from $25.00 to $26.00 and gave the company an "equal weight" rating in a report on Friday, March 13th. The Goldman Sachs Group upgraded shares of WBI from a "neutral" rating to a "buy" rating and set a $32.00 price objective for the company in a report on Monday, April 20th. Wall Street Zen raised WBI from a "sell" rating to a "hold" rating in a research report on Saturday, March 21st. Finally, Morgan Stanley raised WBI from an "equal weight" rating to an "overweight" rating and set a $34.00 target price for the company in a research note on Wednesday, April 22nd. Two equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $31.25.

About WBI

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

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