Brokerages predict that Welbilt, Inc (NYSE:WBT) will post earnings per share (EPS) of $0.08 for the current quarter, according to Zacks. Four analysts have made estimates for Welbilt’s earnings. The lowest EPS estimate is $0.07 and the highest is $0.10. Welbilt reported earnings of $0.15 per share during the same quarter last year, which indicates a negative year over year growth rate of 46.7%. The company is scheduled to issue its next earnings results on Monday, May 6th.
On average, analysts expect that Welbilt will report full year earnings of $0.78 per share for the current year, with EPS estimates ranging from $0.75 to $0.80. For the next year, analysts expect that the business will post earnings of $0.98 per share, with EPS estimates ranging from $0.91 to $1.04. Zacks Investment Research’s EPS averages are a mean average based on a survey of research firms that cover Welbilt.
Welbilt (NYSE:WBT) last announced its earnings results on Tuesday, February 19th. The industrial products company reported $0.18 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.18. The company had revenue of $406.10 million for the quarter, compared to analysts’ expectations of $391.96 million. Welbilt had a return on equity of 71.21% and a net margin of 4.76%. Welbilt’s quarterly revenue was up 11.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.26 earnings per share.
WBT has been the topic of a number of recent analyst reports. ValuEngine upgraded Welbilt from a “sell” rating to a “hold” rating in a report on Saturday, March 30th. Barclays reiterated a “buy” rating and set a $19.00 price target on shares of Welbilt in a report on Wednesday, February 20th. Robert W. Baird set a $18.00 price target on Welbilt and gave the stock a “buy” rating in a report on Wednesday, February 20th. Zacks Investment Research upgraded Welbilt from a “sell” rating to a “hold” rating in a report on Saturday, January 19th. Finally, Longbow Research set a $16.00 price target on Welbilt and gave the stock a “buy” rating in a report on Monday, January 14th. Four investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $20.63.
Shares of NYSE:WBT opened at $17.05 on Friday. The company has a market cap of $2.39 billion, a P/E ratio of 21.86 and a beta of 1.81. The company has a debt-to-equity ratio of 7.09, a quick ratio of 0.66 and a current ratio of 1.16. Welbilt has a 12-month low of $10.66 and a 12-month high of $23.85.
In other Welbilt news, CFO Haresh Shah sold 1,849 shares of the business’s stock in a transaction on Thursday, February 21st. The stock was sold at an average price of $16.06, for a total value of $29,694.94. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Joel H. Horn sold 2,999 shares of the business’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $16.06, for a total value of $48,163.94. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 29,760 shares of company stock worth $478,775. Corporate insiders own 0.37% of the company’s stock.
Institutional investors and hedge funds have recently modified their holdings of the business. Federated Investors Inc. PA raised its stake in shares of Welbilt by 22.4% in the third quarter. Federated Investors Inc. PA now owns 383,799 shares of the industrial products company’s stock valued at $8,013,000 after buying an additional 70,355 shares during the period. Hudson Bay Capital Management LP raised its stake in shares of Welbilt by 110.4% in the fourth quarter. Hudson Bay Capital Management LP now owns 134,732 shares of the industrial products company’s stock valued at $1,497,000 after buying an additional 70,693 shares during the period. FMR LLC bought a new stake in shares of Welbilt in the third quarter valued at $15,827,000. Fox Run Management L.L.C. bought a new stake in shares of Welbilt in the fourth quarter valued at $214,000. Finally, Diversified Trust Co raised its stake in shares of Welbilt by 5.5% in the third quarter. Diversified Trust Co now owns 21,100 shares of the industrial products company’s stock valued at $441,000 after buying an additional 1,100 shares during the period. Hedge funds and other institutional investors own 96.53% of the company’s stock.
Welbilt is a leading global supplier of commercial foodservice equipment. Their broad, award-winning hot- and cold-side product portfolio includes many brands, including Cleveland Range, Convotherm, Delfield, Frymaster, Garland, Kolpak, Lincoln, Manitowac, Merco, Merrychef, and Multiplex Beverage.
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