Equities analysts predict that Welbilt Inc (NYSE:WBT) will report earnings per share (EPS) of $0.11 for the current quarter, Zacks Investment Research reports. Four analysts have made estimates for Welbilt’s earnings. The lowest EPS estimate is $0.10 and the highest is $0.12. Welbilt reported earnings per share of $0.08 during the same quarter last year, which indicates a positive year over year growth rate of 37.5%. The company is scheduled to announce its next earnings report on Monday, May 14th.
According to Zacks, analysts expect that Welbilt will report full-year earnings of $0.88 per share for the current financial year, with EPS estimates ranging from $0.84 to $0.90. For the next fiscal year, analysts anticipate that the firm will post earnings of $1.07 per share, with EPS estimates ranging from $1.05 to $1.10. Zacks’ EPS averages are a mean average based on a survey of sell-side analysts that follow Welbilt.
Welbilt (NYSE:WBT) last issued its earnings results on Monday, February 26th. The industrial products company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.02. Welbilt had a net margin of 9.27% and a return on equity of 312.48%. The business had revenue of $365.90 million during the quarter, compared to analysts’ expectations of $382.51 million. During the same quarter in the prior year, the business posted $0.16 EPS. The company’s revenue for the quarter was down 3.4% on a year-over-year basis.
Several research analysts have recently issued reports on the stock. Barclays assumed coverage on shares of Welbilt in a report on Tuesday, December 12th. They issued an “overweight” rating and a $25.00 target price for the company. Susquehanna Bancshares set a $25.00 target price on shares of Welbilt and gave the company a “positive” rating in a report on Tuesday, February 13th. Seaport Global Securities restated a “buy” rating on shares of Welbilt in a report on Tuesday, February 27th. Zacks Investment Research downgraded shares of Welbilt from a “hold” rating to a “sell” rating in a research report on Saturday, March 3rd. Finally, Citigroup reduced their price target on shares of Welbilt from $23.00 to $21.00 and set a “neutral” rating for the company in a research report on Monday, March 5th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $23.83.
Shares of Welbilt stock traded down $0.57 during trading hours on Wednesday, hitting $19.10. The company had a trading volume of 503,100 shares, compared to its average volume of 870,258. Welbilt has a twelve month low of $18.51 and a twelve month high of $23.77. The company has a current ratio of 1.32, a quick ratio of 0.80 and a debt-to-equity ratio of 11.16. The stock has a market cap of $2,749.90, a price-to-earnings ratio of 24.90, a PEG ratio of 2.24 and a beta of 1.33.
In related news, COO Josef Matosevic sold 3,837 shares of the company’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $19.06, for a total value of $73,133.22. Following the completion of the sale, the chief operating officer now owns 22,438 shares in the company, valued at approximately $427,668.28. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders sold 7,110 shares of company stock valued at $142,365. 0.37% of the stock is owned by insiders.
Hedge funds have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank raised its position in Welbilt by 41.5% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 7,730 shares of the industrial products company’s stock valued at $182,000 after purchasing an additional 2,268 shares during the last quarter. State of Alaska Department of Revenue purchased a new stake in Welbilt in the 4th quarter valued at $218,000. Connable Office Inc. purchased a new position in Welbilt during the 4th quarter worth $243,000. Raymond James Financial Services Advisors Inc. purchased a new position in Welbilt during the 4th quarter worth $282,000. Finally, Water Island Capital LLC purchased a new position in Welbilt during the 4th quarter worth $303,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.
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Welbilt, Inc, formerly Manitowoc Foodservice, Inc, is a commercial foodservice equipment company. The Company designs, manufactures and supplies food and beverage equipment for the global commercial foodservice market, offering customers operator and patron insights, kitchen solutions, culinary expertise, and implementation support and service.
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