WBI (NYSE:WBI) Issues Quarterly Earnings Results

WBI (NYSE:WBI) announced its earnings results on Wednesday. The company reported $0.10 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.10, FiscalAI reports. The company had revenue of $240.16 million for the quarter. WBI had a net margin of 1.19% and a return on equity of 1.19%.

WBI Stock Performance

WBI stock traded up $0.64 during midday trading on Friday, hitting $24.59. The stock had a trading volume of 383,259 shares, compared to its average volume of 860,452. WBI has a 52 week low of $18.64 and a 52 week high of $36.89. The company has a current ratio of 1.54, a quick ratio of 1.54 and a debt-to-equity ratio of 0.88. The stock has a 50-day simple moving average of $30.06 and a 200 day simple moving average of $29.01. The firm has a market capitalization of $3.04 billion, a price-to-earnings ratio of 122.89 and a beta of 0.14.

WBI Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, December 10th. Shareholders of record on Wednesday, November 25th will be issued a $0.05 dividend. The ex-dividend date of this dividend is Wednesday, November 25th. This represents a $0.20 annualized dividend and a yield of 0.8%. WBI’s dividend payout ratio is 100.00%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on WBI shares. Weiss Ratings upgraded shares of WBI from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Piper Sandler began coverage on shares of WBI in a research note on Monday, September 28th. They set an “overweight” rating and a $37.00 price target on the stock. JPMorgan Chase & Co. began coverage on shares of WBI in a report on Tuesday, August 18th. They set an “overweight” rating and a $38.00 price target on the stock. Morgan Stanley lifted their price objective on shares of WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a research note on Wednesday, August 12th. Finally, Wall Street Zen upgraded shares of WBI from a “sell” rating to a “hold” rating in a report on Sunday, August 23rd. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $36.62.

WBI Company Profile