WBI (NYSE:WBI) Announces Earnings Results

by · The Markets Daily

WBI (NYSE:WBI – Get Free Report) posted its quarterly earnings data on Wednesday. The company reported $0.10 EPS for the quarter, FiscalAI reports. The business had revenue of $240.16 million for the quarter. WBI had a net margin of 0.54% and a return on equity of 0.85%.

WBI Stock Performance

Shares of WBI stock traded down $2.35 during trading on Wednesday, hitting $25.97. 1,424,817 shares of the company’s stock traded hands, compared to its average volume of 859,132. The company has a debt-to-equity ratio of 0.88, a current ratio of 1.54 and a quick ratio of 1.54. WBI has a 1 year low of $18.64 and a 1 year high of $36.89. The stock has a market capitalization of $3.21 billion, a P/E ratio of 324.60 and a beta of 0.14. The business has a 50-day simple moving average of $30.32 and a 200-day simple moving average of $29.01.

Analysts Set New Price Targets

WBI has been the subject of several recent research reports. Morgan Stanley lifted their target price on shares of WBI from $38.00 to $43.00 and gave the company an “overweight” rating in a report on Wednesday, August 12th. Raymond James Financial restated a “strong-buy” rating and issued a $40.00 price target on shares of WBI in a research note on Tuesday, August 18th. Wells Fargo & Company boosted their target price on WBI from $26.00 to $28.00 and gave the stock an “equal weight” rating in a report on Friday, August 14th. The Goldman Sachs Group boosted their target price on WBI from $36.00 to $41.00 and gave the stock a “buy” rating in a report on Wednesday, July 15th. Finally, Barclays increased their target price on WBI from $33.00 to $34.00 and gave the stock an “overweight” rating in a research note on Wednesday, August 19th. Two equities research analysts have rated the stock with a Strong Buy rating, four have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average price target of $36.75.

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