Wall Street analysts expect Welbilt, Inc (NYSE:WBT) to report earnings per share (EPS) of $0.20 for the current quarter, Zacks Investment Research reports. Four analysts have issued estimates for Welbilt’s earnings, with estimates ranging from $0.19 to $0.21. Welbilt posted earnings per share of $0.18 in the same quarter last year, which indicates a positive year-over-year growth rate of 11.1%. The company is expected to issue its next earnings report on Tuesday, February 18th.
On average, analysts expect that Welbilt will report full year earnings of $0.69 per share for the current financial year, with EPS estimates ranging from $0.67 to $0.70. For the next fiscal year, analysts anticipate that the business will report earnings of $0.87 per share, with EPS estimates ranging from $0.83 to $0.92. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that follow Welbilt.
Welbilt (NYSE:WBT) last posted its earnings results on Tuesday, November 5th. The industrial products company reported $0.22 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.25 by ($0.03). The company had revenue of $410.50 million for the quarter, compared to the consensus estimate of $423.03 million. Welbilt had a net margin of 3.82% and a return on equity of 48.23%. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. During the same period last year, the company posted $0.25 earnings per share.
WBT has been the subject of several recent research reports. BMO Capital Markets initiated coverage on Welbilt in a report on Friday, October 18th. They set a “market perform” rating and a $19.00 target price for the company. ValuEngine lowered Welbilt from a “hold” rating to a “sell” rating in a report on Monday, November 4th. Zacks Investment Research lowered Welbilt from a “hold” rating to a “sell” rating in a report on Saturday. Finally, Barclays reaffirmed a “buy” rating and set a $20.00 target price on shares of Welbilt in a report on Wednesday, October 16th. Two research analysts have rated the stock with a sell rating, one has given a hold rating and five have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $18.40.
In other Welbilt news, CEO William Johnson acquired 13,496 shares of the firm’s stock in a transaction that occurred on Wednesday, August 28th. The stock was acquired at an average cost of $14.82 per share, with a total value of $200,010.72. Following the acquisition, the chief executive officer now directly owns 78,502 shares of the company’s stock, valued at approximately $1,163,399.64. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 0.37% of the company’s stock.
A number of hedge funds have recently modified their holdings of the stock. Great Lakes Advisors LLC bought a new position in Welbilt in the 3rd quarter worth approximately $287,000. Eagle Asset Management Inc. grew its holdings in Welbilt by 1.5% in the 3rd quarter. Eagle Asset Management Inc. now owns 512,577 shares of the industrial products company’s stock worth $8,642,000 after buying an additional 7,568 shares in the last quarter. Intermede Investment Partners Ltd grew its holdings in Welbilt by 13.1% in the 3rd quarter. Intermede Investment Partners Ltd now owns 2,179,264 shares of the industrial products company’s stock worth $36,742,000 after buying an additional 252,587 shares in the last quarter. Oppenheimer Asset Management Inc. grew its holdings in Welbilt by 2.8% in the 3rd quarter. Oppenheimer Asset Management Inc. now owns 57,859 shares of the industrial products company’s stock worth $975,000 after buying an additional 1,589 shares in the last quarter. Finally, California Public Employees Retirement System grew its holdings in Welbilt by 28.8% in the 3rd quarter. California Public Employees Retirement System now owns 216,500 shares of the industrial products company’s stock worth $3,650,000 after buying an additional 48,400 shares in the last quarter.
Shares of NYSE:WBT traded down $0.12 during trading on Tuesday, hitting $18.16. 1,032,393 shares of the company traded hands, compared to its average volume of 1,291,754. The stock has a market capitalization of $2.58 billion, a price-to-earnings ratio of 23.28 and a beta of 1.70. The business’s fifty day moving average is $17.60 and its 200-day moving average is $16.53. Welbilt has a one year low of $10.66 and a one year high of $19.81. The company has a quick ratio of 1.07, a current ratio of 1.70 and a debt-to-equity ratio of 6.81.
Welbilt Company Profile
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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