WBI Declares Quarterly Dividend of $0.05 (NYSE:WBI)

WBI (NYSE:WBIGet Free Report) announced a quarterly dividend on Wednesday, August 5th. Investors of record on Thursday, August 27th will be given a dividend of 0.05 per share on Thursday, September 10th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Thursday, August 27th.

WBI Price Performance

WBI stock opened at $33.76 on Thursday. The business’s 50 day simple moving average is $32.27 and its 200 day simple moving average is $28.23. WBI has a 12 month low of $18.64 and a 12 month high of $36.89. The company has a market cap of $4.17 billion and a price-to-earnings ratio of 135.05. The company has a current ratio of 1.30, a quick ratio of 1.30 and a debt-to-equity ratio of 0.79.

WBI (NYSE:WBIGet Free Report) last released its earnings results on Wednesday, August 5th. The company reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $217.77 million during the quarter. Sell-side analysts forecast that WBI will post 0.55 EPS for the current year.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. The Goldman Sachs Group increased their price target on WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a research note on Wednesday, July 15th. Weiss Ratings upgraded shares of WBI from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Monday, May 18th. Morgan Stanley increased their target price on shares of WBI from $34.00 to $38.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 20th. Barclays lifted their target price on shares of WBI from $29.00 to $33.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Finally, Wall Street Zen raised shares of WBI from a “sell” rating to a “hold” rating in a research report on Sunday, July 12th. Three equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $34.20.

Check Out Our Latest Analysis on WBI

WBI Company Profile

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

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